Prime Minister Narendra Modi’s consistent outreach to the Indian diaspora is translating into tangible economic gains, with foreign direct investment (FDI) flowing into India. One of the latest success stories is the Madhvani Group, a globally diversified African business conglomerate with Indian roots.

Shrai Madhvani, promoter of the Madhvani Group, announced plans to invest up to ₹10,000 crore in India over the next five years. The investment is expected to create significant employment and fuel industrial growth. He credited PM Modi’s business-friendly policies—such as Make in India and Ease of Doing Business—as key reasons for this strategic decision.

Madhvani recalled PM Modi’s 2018 visit to Kampala, Uganda, where the Prime Minister had encouraged the group to contribute to India’s development. The Madhvani family, originally from Gujarat, shares a deep emotional bond with the country.

During a recent meeting with PM Modi, Madhvani discussed the Group’s entry into India through the acquisition of Hindustan National Glass & Industries Ltd. (HNGIL), the country’s largest container glass manufacturer. The acquisition, facilitated through the Madhvani Group’s subsidiary INSCO, follows a favourable Supreme Court judgment that cleared the way for the takeover.

This move marks a major milestone for the Group’s India foray and underscores renewed India-Africa economic ties.

Madhvani also presented the Prime Minister with a book authored by his elder brother Kamlesh Madhvani and father Manu Bhai Madhvani, both of whom played key roles in the Group’s global success.

The meeting symbolised both strategic economic cooperation and the deep cultural ties between India and its diaspora.