Share
 
Comments

The Prime Minister, Shri Narendra Modi, today launched the Make in India initiative with an aim to boost India`s manufacturing sector. 

4-684

l2014092557168  _ 684Addressing a gathering consisting of top global CEOs at the event in Vigyan Bhawan in the capital, the Prime Minister said "FDI" should be understood as "First Develop India" along with "Foreign Direct Investment." He urged investors not to look at India merely as a market, but instead see it as an opportunity. 

2-684The Prime Minister said it is important for the purchasing power of the common man to increase, as this would further boost demand, and hence spur development, in addition to benefiting investors. The faster people are pulled out of poverty and brought into the middle class, the more opportunity will there be for global business, the Prime Minister said. Therefore, he said, investors from abroad need to create jobs. Cost effective manufacturing and a handsome buyer - one who has purchasing power - are both required, the Prime Minister said. More employment means more purchasing power, he added.

l2014092557169  _ 684The Prime Minister said that India is the only country in the world which offers the unique combination of democracy, demography, and demand. He said the new Government was taking initiatives for skill development to ensure that skilled manpower was available for manufacturing. He also referred to the Digital India mission, saying this would ensure that Government processes remained in tune with corporate processes. 

The Prime Minister said he had felt a mood of gloom among India`s business community in the last few years, due to lack of clarity on policy issues. He said he had heard even Indian businessmen say that they would leave India and set up business elsewhere. The Prime Minister said this hurt him, and added that no Indian business should feel a compulsion to leave the country under any circumstances. He said on the basis of the experience of the last few months, he could say that the gloom has lifted. 

The Prime Minister gave the example of the new Government`s initiative on self-certification of documents, and said this was illustrative of how the new Government trusted the citizens. The Prime Minister said trust is essential for investors to feel secure. Let us begin with trust; if there is an issue, Government can intervene, he said. The Prime Minister said trust too can be a transformative force. 

Shri Narendra Modi said development and growth-oriented employment is the government`s responsibility. 

The Prime Minister noted that India ranks low on the "ease of doing business" and added that he has sensitized Government officials in this regard. He also emphasized the need for "effective" governance.

To the expression "Look East," the Prime Minister added "Link West", and said a global vision was essential. He said Mission Swachh Bharat and "waste to wealth" could lead to good revenue models for business as well. He referred to his vision of waste water management and solid waste management in 500 towns across India through public private partnership.

The Prime Minister also spoke of infrastructure of the future – including i-ways besides highways – and mentioned port led development, optical fibre networks, gas grids and water grids.

3-684The Prime Minister also unveiled the Make in India logo, and launched the website makeinindia.com

Click here to read the full text speech

Donation
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
PM Modi's Man Vs Wild Episode Beats The Super Bowl On Trending Charts, Here's How Impressive This Is

Media Coverage

PM Modi's Man Vs Wild Episode Beats The Super Bowl On Trending Charts, Here's How Impressive This Is
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
H.E. Mr. Hamid Karzai, Former President of the Islamic Republic of Afghanistan, met Prime Minister Shri Narendra Modi today
August 19, 2019
Share
 
Comments

The Prime Minister conveyed heartfelt greetings to the people of Afghanistan on behalf of 1.3 billion people of India and on his own behalf on 100 years of Independence of Afghanistan today.

The former President thanked India for strong all-round support and expressed happiness at the extra-ordinary goodwill between the people of two countries.

The Prime Minister reiterated the continued support of India for peace, security and stability of an inclusive, united, truly independent and democratic Afghanistan.