March 4th 2025.
During a post-Budget webinar focused on regulatory, investment, and ease of doing business reforms, Prime Minister Narendra Modi urged the Indian industry to seize the global opportunities that are currently available. He highlighted that the world sees India as a reliable partner that produces high-quality goods, especially during these times of supply-chain disruptions and economic uncertainties.
Addressing the industry players, the Prime Minister expressed his belief in the capabilities of the country and its people. He encouraged them to not just sit back and watch, but to actively seek out their role in this global demand for quality products. Modi emphasized the government's commitment to reforms, financial discipline, transparency, and inclusive growth, which has been evident in the past 10 years of working closely with the industry.
India has emerged as a growth engine for the global economy, and Modi stressed the need for the manufacturing sector to capitalize on this. He urged the industry to identify new products with demand in the world and manufacture them in India for export. The Prime Minister also emphasized the role of research and development in creating innovative products and adding value to them.
Modi pointed out that India has a strong reputation in labor-intensive sectors such as toys, footwear, and traditional crafts. He encouraged the industry to combine these traditional skills with modern technology to become global leaders in these sectors and increase exports, ultimately creating more job opportunities.
In a world of geopolitical uncertainties, India is seen as a promising growth center, and Modi called on the states to play their part in attracting investments. He urged the states to compete with each other by implementing progressive policies to attract companies looking to invest. The Prime Minister emphasized that this healthy competition among states will ultimately benefit the country as a whole.
In conclusion, Modi expressed his confidence in the industry and assured them of the government's continued support and commitment to reforms. He urged them to take bold steps and seize the opportunities that lie ahead. With the right approach and collaboration, India can become a global leader in manufacturing and exports, further boosting the country's economic growth and creating more job opportunities.
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