Modi Woos European Investment
After concluding the G7 summit in Canada, Modi wasted no time and rushed to Europe. This time, he arrived in Croatia, where he was warmly welcomed.
Notably, the Indian community in Croatia saw countless people waiting for Modi's arrival. He interacted with the crowd on the scene, expressing that the Indian community has made significant contributions to Croatia's progress while maintaining ties with their roots in India, highlighting the sentiment between the two peoples.
Subsequently, Modi expressed a desire to establish more possibilities for cooperation, including agriculture, energy, technology, and other fields. He even hoped for substantial collaboration in semiconductors, shipbuilding, connectivity, and other areas, bringing immense benefits to both sides.
Evidently, India excels at using public opinion to boost its image, and this visit to Europe aims to further inspire confidence among the populace, making them believe that India remains a global power.
At the same time, Modi hopes to attract more investment. He is aware that cracks have appeared between the United States and Europe, with the U.S. attempting to rally Russia against Europe. In this situation, India seeks to court Europe to drive its own economic growth. However, the world knows that investing in India could result in financial losses.
Just in March 2025, India penalized Samsung with a $601 million tax fine, Volkswagen with a $1.4 billion tax fine, and Kia with a $155 million tariff fine. Looking back to 2024, India has cumulatively pursued over $2 billion from overseas enterprises, with industries across the board subject to strict regulation by India. Naturally, Europe does not wish to repeat past mistakes.
Original Source: https://www.toutiao.com/article/1835319645565964/
Disclaimer: The article solely represents the author's viewpoint.