Prime Minister Narendra Modi’s recent five-nation visit has helped India secure an investment pipeline worth nearly $40 billion, with several multinational firms committing fresh investments and expansion plans across key sectors.
PM Modi held meetings with chief executives and senior representatives of over 50 global companies during the tour, covering sectors such as semiconductors, logistics, infrastructure, defence, energy and technology.
The combined market valuation of these companies is estimated between $2.7 trillion and $3 trillion.
According to officials cited by news agency IANS, many of these firms already have a major presence in India, with their cumulative investments and business exposure in the country estimated at nearly $180 billion.
Several companies are now planning to expand operations to benefit from India’s strong economic growth and rising domestic demand.
Among the major announcements, the United Arab Emirates committed fresh investments worth nearly $5 billion in India, officials said.
Focus on defence, semiconductors and energy ties
PM Modi’s five-country tour covered the UAE, the Netherlands, Sweden, Norway and Italy, during which India signed multiple agreements and upgraded ties with several nations.
India and the UAE signed seven agreements during PM Modi’s stopover, including a strategic defence partnership framework, energy cooperation deals and a proposed maritime infrastructure project at Vadinar in Gujarat.
The UAE also committed investments worth $5 billion across Indian infrastructure and financial sectors.
India and the Netherlands elevated bilateral ties to a strategic partnership and unveiled a roadmap covering trade, semiconductors, artificial intelligence, quantum computing, green hydrogen and maritime security.
The visit also produced 17 agreements, including cooperation in critical minerals, renewable energy and defence manufacturing.
India and Sweden upgraded relations to a strategic partnership, with both countries endorsing a joint action plan for 2026-2030 focused on green transition, emerging technologies, trade, defence and climate action.
Italy ties elevated to ‘Special Strategic Partnership’
A major outcome of the tour came in Italy, where India and Italy elevated ties to a “Special Strategic Partnership” after talks between PM Modi and Italian Prime Minister Giorgia Meloni.
“Concluding a very productive visit to Italy. My discussions with Prime Minister Giorgia Meloni covered a wide range of sectors,” PM Modi said in a post on X, adding that the upgraded ties would provide “new momentum” to bilateral cooperation.
India and Italy signed agreements spanning defence manufacturing, critical minerals, higher education, maritime cooperation, climate research, healthcare and Ayurveda.
The two countries also unveiled a Defence Industrial Roadmap aimed at boosting joint manufacturing and advanced technology cooperation.
India-Nordic engagement expands
During the visit, PM Modi also attended the third India-Nordic Summit in Norway and held bilateral meetings with Nordic leaders.
External affairs ministry spokesperson Randhir Jaiswal described the Italy leg as the successful conclusion of a “five-country tour marked by significant outcomes and fresh momentum in India-Italy ties”.
Officials said the overall investment commitments and business expansion proposals discussed during the visit reflected growing international confidence in India’s long-term economic prospects and strategic importance.
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