Prime Minister Narendra Modi has said that there is great scope for innovative solutions in India including insurance product for the agricultural and health sectors. Addressing a round table meeting with CEOs of financial sector in New York Thursday night, Mr. Modi said defence manufacturing, electronics, renewable energy, railways, metro, clean India and digital India offer immense potential for investment. He said the government has plans for construction of five crore new houses by 2022, broadband for six lakh villages, doubling of railway capacity and 175 Giga watts of renewable energy generation and all these create huge investment opportunities.<br/><br/>The Prime Minister outlined his vision for Startup India, Stand up India. He said along with public and private sector, Individual startups and entrepreneurs are also important. He referred them as 'personal sector'. He said FDI in India has increased substantially over last 15 months, which is contrary to global trend. Mr. Modi said this marks investor's increased confidence in India.<br/><br/>Chief Executives of top American financial sector companies including JP Morgan, Black Stone, KKR, General Atlantic, AIG Insurance, and Tiger Global attended the meeting.<br/><br/>AIR correspondent reports that the CEOs gave their feedback on their experiences on investing in India. They appreciated the steps taken by the government to improve ease of doing business and initiatives in infrastructure development and digital India. The CEOs also mentioned issues like taxation, bankruptcy laws and procedural bottlenecks that still exist with regard to investment in India. After the meeting, MEA spokesperson Vikas Swarup said that CEOs were positive about India's growth prospects.<br/><br/>