RED CARPET REPLACES RED TAPE ERA: Hardselling India as a manufacturing destination a day after Japan announced a USD 35 billion investment, Prime Minister Narendra Modi today invited investors saying the era of "red tape" has been replaced by "red carpet" with ease of doing business and liberalisation. The Prime Minister asked business leaders to "try their luck" by investing in India, contending that they could do "miracles" in terms of profits through low-cost manufacturing.