What PM Modi said at the Joint Inauguration of the Indo-German Business Summit in Hannover. The big takeaways include...

-- Railways, highways, airports, ports: We are modernizing our railway systems including signals, and railway stations. We are planning metro rail in 50 cities and high speed trains in various corridors. Similar is the case with highways. We are putting up new ports and modernizing the old ones. Similar focus is on upgrading the existing airports.

-- We want to promote manufacturing in a big way particularly to create jobs for youth. We have launched a campaign called "Make in India".  All this is a historic opportunity for the German companies. Once you decide to be in India, we are confident to make you comfortable.

-- I am here to assure the German companies that India is now a changed country. Our regulatory regime is much more transparent, responsive and stable. We are taking a long-term and futuristic view on the issues.

-- Lot of efforts have been made and are still underway to improve the 'Ease of Doing Business' in the country.

-- Reducing the complicated procedures, making them available at one platform, preferably online, simplifying the forms and formats has been taken up on war footing.

-- Definite mechanisms for hand holding have been set up in the form of hub and spoke. Invest India is the nodal agency for this purpose.

-- We have removed lot of regressive taxation regimes. Will introduce an element of transparency and predictability in taxation system.

-- We have fast tracked approvals in industry and infrastructure. This includes environmental clearances, extending the industrial licences, delicencing of defence items, and simplification of cross-border trade.

-- We introduced GST Bill in Parliament.

-- It is my advice to you to come and feel the change in India's regulatory environment. Please do not go by old perceptions.

-- The symbol of lion for make in India has been chosen very carefully. We know that our biggest need today is to create jobs for our 65% population which is young. Hence, Make in India is the need. Hence, the lion because a lion cannot be stopped. We are confident that our journey to make India a global manufacturing hub cannot be stopped that too by our own rules and regulations. We must and we will make corrections wherever it is required. "