Asserting that there is a "high tide of hope for change" in India, Prime Minister Narendra Modi has said that the country will be open and friendly for business and ideas to make it a new global manufacturing hub.

"We will create world-class infrastructure that India badly needs to accelerate growth and meet people's basic needs. We will make our cities and towns habitable, sustainable and smart; and we will make our villages the new engines of economic transformation," Modi said.

"'Make in India' is our commitment  and an invitation to all to turn India into a new global manufacturing hub. We will do what it takes to make it a reality," he wrote in an op-ed article in The Wall Street Journal.

Modi said India will pursue its dreams in partnership with its international friends. "History tells us that India's natural instinct is to be open to the world. India will be open and friendly for business, ideas, research, innovations and travel," Modi said.