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Sobha Realty: 'NRIs will hugely benefit from Narendra Modi's second term'

PNC Menon, Founderx and Chairman, Sobha Realty, is optimistic about UAE-India relations following the re-election of PM Modi

The visionary leadership of the UAE has immense respect for and share a great relationship with Narendra Modi, Prime Minister of India, and I am confident that this will get strengthened over the coming five years.
We have seen a multitude of agreements and cooperation across different fields - be it energy, defence, trade or food safety and security. The Indian government under the leadership of Modi will continue to cement the bilateral relations between the two countries, further paving the way for constructive dialogue in the years to come.
UAE-India ties
The past five years have been one of the best periods in the history of UAE-India relations. This is a result of proactive steps by the leadership of the UAE and India to build on their historic relations. The bilateral relationship has matured and transformed into a comprehensive strategic partnership as both countries continue to explore deeper cooperation in new areas.
The UAE and India have witnessed many milestones in the recent past, notably the visit of Modi to the UAE in August 2015; the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to India in February 2016 and again as the chief guest for the Indian Republic Day celebrations in January 2017, and then Modi's visit to the UAE in February 2018 and April 2019.
The bilateral cooperation between the UAE and India has also grown from strength to strength in traditional areas of trade, culture and people-to-people relations.
NRI expectations
NRIs will hugely benefit from Modi's second term and this would build on the progress seen over the last five years. I am sure FIIs will also be more confident to invest in India now because of the clear mandate to Modi and his government.
The coming five years are very crucial for India. In view of this, the win for Modi and the National Democratic Alliance (NDA) will go a long way in consolidating the good work done in the past five years and build a sustainable growth story for the country.
The people of India have voted for continuity and stability, which is not only good for the financial markets but also for the business community.
The probability of economic reforms getting a boost is significant with the Modi government, which had a business-friendly outlook ever since it took power in 2014. I am confident this approach will continue in the coming years.
Sectors to gain under Modi 2.0
The new government will try to complete unfinished goals of fine-tuning economic reforms in its new tenure. Talking about the sectors, education, healthcare and employment creation would be high on priority for the government in India.
As far as UAE-India relationship, the focus is expected to be on cooperation across energy, defence, food, manpower and foreign direct investments, among others.
Investment plans in India
Like all the Indians and investors staying outside the country, I look forward to a more stable country, which is now possible with a stable NDA government at the centre. This government has a clear mandate to continue the good work it began in the last term and further cement India's position as a leading global heavyweight.
We are proud of our Sobha heritage in India, which has helped us become the most preferred real estate brand in the country. Our impressive repertoire of award-winning properties across India speaks for itself.
We have changed the skyline in Bengaluru, created several landmark developments in Kerala and have stepped into Delhi, Chennai, Coimbatore, Mysore and Pune, among others.