World looking at India as trusted partner, industry should take advantage: PM Modi

New Delhi, Mar 4: Prime Minister Narendra Modi on Tuesday asked the Indian industry to take “big steps” for taking advantage of global opportunities at a time when the world is looking at India as a trusted partner, which can produce quality goods.

Addressing a post-Budget webinar on Regulatory, Investment and Ease of Doing Business Reforms, Modi also said that amid supply-chain disruptions caused by economic uncertainties globally, the world today needs a trusted partner which can produce high-quality products and have a reliable supply chain.

“Our country is capable of doing this, all of you (industry) are capable, this is a great opportunity for us. I want that our industry should not look at these expectations of the world as a mere spectator. We cannot remain spectators, you will have to look for your role in this, you will have to seek opportunities for yourself,” Modi told the industry players.

The Prime Minister said the government is working together with the industry for the last 10 years and has shown its commitment for undertaking reforms, financial discipline, transparency and inclusive growth.

“Today, India is a growth engine for the global economy. India has proved its resilience even in difficult times… Today every country wants to strengthen its economic partnership with India. Our manufacturing sector should take advantage of this partnership,” Modi added.

The Prime Minister said industry has gained new self confidence due to the government’s consistency and assurance for reforms, he said.

“I want to assure the stakeholders in manufacturing and exports sectors that this will continue in the coming years. I urge you to move ahead with confidence, take big steps. For the country’s manufacturing and exports sectors new avenues have been opened,” Modi said.

Stressing that India’s manufacturing is the backbone for industrial growth, Modi asked the stakeholders to identify new products which have demand in the world, and whose manufacturing can happen in India. This can then be pitched for exports.

Highlighting the role of R&D, the Prime Minister said industry should focus on manufacturing innovative products and do value addition through research and development.

“The world knows our capability in toy, footwear and labour intensive sectors. Combining traditional craft with modern technology can help achieve success. We can become global champions in these sectors and increase exports manifold. This will also create jobs in labour intensive sectors and entrepreneurship,” Modi said.

He said at a time when the world is passing through geopolitical uncertainties, India is being looked at as a “growth centre”.

Nudging states to undertake ease of doing business reforms, Modi said states play an important role to increase investments. More investments will come in as states push ease of doing business reforms.

“States should compete amongst themselves… The states which come forward with progressive policies, companies will find them as attractive destination for investment,” Modi said. (PTI)

Hot this week

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

Suchiang takes oath as CIC

Shillong, Apr 3: Former Chief Secretary RV Suchiang was...

SSLC results on April 5

Shillong, Apr 4: The results of the Secondary School...

Doctor, two others get prison terms in POCSO cases

Shillong, Apr 4: A 58-year-old doctor and two others...

Gram Sabha held at Chokpot 

Baghmara, Apr 4: The first Gram Sabha Cum Convergence...

AI could impact 40% of jobs worldwide: UN

Geneva, Apr 4: The global artificial intelligence market is...

Oppn slams PM Modi over US tariff

New Delhi, Apr 3: The Congress and other opposition...

Govt tables Waqf bill in RS; Won’t snatch Muslims’ rights, says Rijiju

New Delhi, Apr 3: Union Minority Affairs Minister Kiren...
spot_img

Related Articles

Popular Categories

spot_imgspot_img