Making a strong pitch for bringing Japanese investments into India, Prime Minister Narendra Modi on Tuesday said there is no “red tape” but only “red carpet” for investors as the government has eased a lot of regulations.

Making a strong pitch for bringing Japanese investments into India, Prime Minister Narendra Modi on Tuesday said there is no “red tape” but only “red carpet” for investors as the government has eased a lot of regulations.

Asserting that his government is working on development and increasing manufacturing activities, Modi said there cannot be a better place to make investments than India.

Calling for a new history between the two countries on the economic front, the Prime Minister said India is the only place where one can find “democracy, demography and demand”.

He told Japanese investors that India is a “god gifted location” for reaching out to global markets.

Referring to his government’s 100 days in power, Modi said it has achieved what could not be achieved in the last two-and-a-half years. The country’s GDP grew 5.7 per cent in the April-June quarter, the highest in more than two years.

Modi said his government is ready to offer whatever is required to promote foreign investment into India.