The Prime Minister, Shri Narendra Modi delivered the keynote address at ASSOCHAM Foundation Week 2020, today via video conferencing. The Prime Minister also presented the ‘ASSOCHAM Enterprise of the Century Award’ to Shri Ratan Tata, who received the award on behalf of the TATA Group.
Addressing the gathering the Prime Minister commended the business community for their contribution to nation-building. He said now the industry has complete freedom to touch the sky and urged them to take full advantage of it, put your full strength in the coming years for a self-reliant India, he said.
The Prime Minister said the country today is with Enterprise and Wealth Creators giving opportunities to crores of youth. The Government is continuing efforts to build an efficient and friendly Ecosystem. He urged the industry to ensure that its benefits reach the last mile by bringing reforms within the industry like more inclusion of women and young talent, adopting the best practices of the world as soon as possible, corporate governance and profit sharing.
The Prime Minister said even during the pandemic, when the whole world is troubled for investment, record FDI and PFI have come to India as the world trusts the Indian economy now. He gave a call for the industry to increase the domestic investment drastically in line with the increased confidence of the world.
He lamented the poor investment in Research & Development by Indian Industry, comparing with America where 70% of the investment on R&D is from the private sector. He asked the Indian industry to increase their investments in R&D especially in sectors like agriculture, defense, space, energy, construction, pharma and transport sector. He further said in every sector, all the companies should earmark a certain amount for R&D.
The Prime Minister remarked that the world is moving rapidly towards the fourth industrial revolution, challenges will come in the form of new technology and many solutions will also come. He said today is the time to plan and act. He urged the business leaders to come together every year and connect every goal with one larger goal of Nation Building. He said the coming 27 years, when free India will reach its century, will not only determine India's global role, but it will test both the dreams and dedication of Indians. He said this is the time to show the Capability, Commitment and Courage of Indian Industry to the world. He stressed that not only achieving self-reliance is important rather how soon we achieve this goal is equally important.
The Prime Minister remarked that there was never so much positivity in the world about India's success before. He owed this positivity to the unprecedented confidence of over 130 crore Indians. Now India is making new avenues to move forward, moving ahead with new energy. He said the reforms in the country have influenced in changing the sentiment of the industry from ‘Why India’ to 'Why not India' in investing.
The Prime Minister remarked that New India, by relying on its strength, relying on its own resources, is pushing forward for AtmaNirbhar Bharat and special focus is on manufacturing to achieve this goal. He said reforms are continuously being undertaken to promote manufacturing in India.
The Prime Minister said today, as we are moving forward on the mission mode to make local a global one, we have to react quickly to every Geopolitical Development. He stressed on the need to have an effective mechanism for how India will meet any sudden demand in the global supply chain. He said the need of the hour is to achieve better synergy between industry organizations such ASSOCHAM with the Ministry of External Affairs, Commerce & Trade to achieve the goal. He asked the industry for suggestions and ideas on how to react quickly to Global Transformations and how to have better mechanisms for faster response.
The Prime Minister said India is also capable of helping the world while meeting its needs. Even during the period of Corona, India has taken the responsibility of Pharmacy of the world and delivered essential medicines around the world. Now even in the case of vaccines, India will fulfill its needs and also meet the expectations of many countries. He urged Members of Assocham to provide a global platform for showcasing the products of rural artisans. He said this would help in bridging the rural urban divide. He stressed the need for the Government of India to work together with State Governments, Farm Organizations and industry associations for better promotion of our organic farm products, better infrastructure and better market. This would help our entire rural economy reach a new high.
The Prime Minister said in the beginning of the 21st century, Atal ji aimed to connect India with the highways. Today, there is a special focus on Physical and Digital Infrastructure in the country. We are engaged in providing broadband connectivity to every village in the country so that the Reach of the village farmer is also up to Digitally Global Markets. He urged on using every avenue associated with funding to build better infrastructure ie. Strengthening public sector banks, increasing the potential of Bond Markets, are efforts in that direction. Similarly, Sovereign Wealth Funds and Pension Funds are being tax exempted, REITs and INVITs are being promoted and Infrastructure related assets being monetized.
The Prime Minister said the Government can provide the necessary facilities, create the right environment, give incentives and change policies. But it is the industry partners, who can convert this support into success. He said for the dream of a self-reliant India, the country has made up its mind for the necessary changes in the rules and regulations, the country is committed.
इसलिए आज वो समय है, जब हमें प्लान भी करना है और एक्ट भी करना है।— PMO India (@PMOIndia) December 19, 2020
हमें हर साल के, हर लक्ष्य को Nation Building के एक Larger Goal के साथ जोड़ना है: PM @narendramodi
अब आने वाले वर्षों में आत्मनिर्भर भारत के लिए आपको पूरी ताकत लगा देनी है।— PMO India (@PMOIndia) December 19, 2020
इस समय दुनिया चौथी औद्योगिक क्रांति की तरफ तेज़ी से आगे बढ़ रही है।
नई टेक्नॉलॉजी के रूप में Challenges भी आएंगे और अनेक Solutions भी: PM @narendramodi
आने वाले 27 साल भारत के Global Role को ही तय नहीं करेंगे, बल्कि ये हम भारतीयों के Dreams और Dedication, दोनों को टेस्ट करेंगे।— PMO India (@PMOIndia) December 19, 2020
ये समय भारतीय इंडस्ट्री के रूप में आपकी Capability, Commitment और Courage को दुनिया भर को दिखा देने का है: PM @narendramodi
हमारा चैलेंज सिर्फ आत्मनिर्भरता ही नहीं है। बल्कि हम इस लक्ष्य को कितनी जल्दी हासिल करते हैं, ये भी उतना ही महत्वपूर्ण है: PM @narendramodi— PMO India (@PMOIndia) December 19, 2020
एक जमाने में हमारे यहां जो परिस्थितियां थीं, उसके बाद कहा जाने लगा था- Why India.— PMO India (@PMOIndia) December 19, 2020
अब जो Reforms देश में हुए हैं, उनका जो प्रभाव दिखा है, उसके बाद कहा जा रहा है- ‘Why not India’: PM @narendramodi
नया भारत, अपने सामर्थ्य पर भरोसा करते हुए, अपने संसाधनों पर भरोसा करते हुए आत्मनिर्भर भारत को आगे बढ़ा रहा है।— PMO India (@PMOIndia) December 19, 2020
और इस लक्ष्य की प्राप्ति के लिए मैन्युफेक्चरिंग पर हमारा विशेष फोकस है।
मैन्युफेक्चरिंग को बढ़ावा देने के लिए हम निरंतर Reforms कर रहे हैं: PM @narendramodi
देश आज करोड़ों युवाओं को अवसर देने वाले Enterprise और Wealth Creators के साथ है: PM @narendramodi— PMO India (@PMOIndia) December 19, 2020
निवेश का एक और पक्ष है जिसकी चर्चा आवश्यक है।— PMO India (@PMOIndia) December 19, 2020
ये है रिसर्च एंड टेवलपमेंट- R&D, पर होने वाला निवेश।
भारत में R&D पर निवेश बढ़ाए जाने की जरूरत है: PM @narendramodi
21वीं सदी की शुरुआत में अटल जी ने भारत को highways से connect करने का लक्ष्य रखा था।— PMO India (@PMOIndia) December 19, 2020
आज देश में Physical और Digital Infrastructure पर विशेष फोकस किया जा रहा है: PM @narendramodi