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India will definitely get its growth back: PM Modi
Five things are utmost important to make India a self-reliant economy - Intent, Inclusion, Investment, Infrastructure and Innovation: PM Modi
Our reforms are not scattered; rather, our reforms are planned, futuristic: PM Modi
Our government considers the private sector as an important partner of the government in its path to the self-reliant India: PM

The Prime Minister delivered the inaugural address at the 125th Annual Session of Confederation of Indian Industries (CII) through video conference today. The theme of this years annual conference is “Building India for a New World : Lives, livelihood, growth”

 

Speaking on the occasion, Prime Minister Shri Narendra Modi said such online events are becoming the new normal due to Corona. This is also the biggest strength of human beings that makes a way out of every difficulty, he added. He said, “On the one hand, we have to take strict steps to fight this Virus and save the lives of the countrymen and on the other hand we have to stabilize the economy and speed it up.”

Referring to the theme of this year's annual session, the Prime Minister praised the indian industry for starting the discussion of "Getting Growth Back". He urged the industry to go beyond it and said “Yes! We will definitely get our growth back.” He said that his trust in India's Capabilities and Crisis Management, in India's Talent and Technology, in its Innovation and Intellect of India, in the Farmers of India, MSME’s, Entrepreneurs makes him confident about getting the growth back.

PM said Corona may have slowed down the speed of the growth, but today the biggest fact is that India has overtaken the lockdown phase and entered in the Un-Lock Phase one. A large part of Economy has opened in Un-Lock Phase one. A lot is going to open after 8th June. Getting Growth Back has started, he added.

The Prime Minister emphasized that when Coronavirus was spreading in the world, India took the right steps at the right time. He said “Today we get to know how widespread the effect of lockdown in India is, by comparing it with other countries.” He said “Re-strengthening Economy against Corona is one of our highest priorities.” For this, the government is taking the decisions that are required immediately and also those that are required in the long run, he added.

The Prime Minister listed the steps taken by the Government in helping people during this crisis situation. Pradhan Mantri Garib Kalyan Yojana has helped a lot in providing immediate benefits to the poor. Ration has been delivered to about 74 crore Beneficiaries under this scheme. Free ration is also being provided to migrant workers. Be it women, disabled persons, elderly, laborers, everyone has benefited from it. During the lockdown, the government has delivered more than 8 crore gas cylinders to the poor - that too free. 50 lakh private employees have got the Government contribution of 24% of EPF amount in their bank accounts, which amounts to Rs.800 Crore.

Prime Minister listed 5 things which are very important to build a Aatmanirbhar Bharat and to bring India back on the path of rapid development, viz. Intent, Inclusion, Investment, Infrastructure and Innovation. These are reflected in the bold decisions taken by the Government recently, he added. He also said that many sectors have been made ready for the future.

The PM said “For us reforms are not any random or scattered decisions. For us reforms are systemic, planned, integrated, inter-connected and futuristic processes. For us, reforms means having the courage to take decisions, and taking them to a logical conclusion.” He listed out the initiatives of the Government to make an encouraging ecosystem for the private enterprises like Insolvency and Bankruptcy Code (IBC), Bank merger, GST and Faceless IT assessment.

The Prime Minister further said that the government is also doing such policy reforms which the country had given up hope. In the agriculture sector, the Prime Minister said the rules and regulations made after independence, left the farmers in the hands of middlemen. After amendment in Agricultural Produce Market Committee (APMC) Act, now farmers have the right to sell to anyone, in any state of the country.

The PM said that labour reforms are being done to increase employment opportunities, keeping the welfare of our workers in mind. Non-strategic sectors in which the private sectors were not allowed, have also been opened. Commercial mining is now allowed in the coal sector, he added. Prime Minister said “In the direction the government is moving, be it our mining sector, energy sector, or research and technology, industry will also get opportunities in every field, and new opportunities will also open for youths. Going beyond all this, now the participation of private players in the strategic sectors of the country is also becoming a reality. Whether you want to invest in the space sector, or want to explore new opportunities in atomic energy, the possibilities are completely open for you.”

The Prime Minister said the Micro, Small and Medium Enterprises (MSME) sector is like an economic engine of our country and contributes around 30% of the GDP. He said that a long time demand of the industry to update the definition of MSMEs has been fulfilled. This will enable MSMEs to grow without any worries and they will not have to follow other paths to maintain the status of MSMEs. Global tenders have been scrapped in government procurement of up to Rs 200 crores to benefit crores of associates working in MSMEs of the country, he added.

PM said that the expectation of India from the world has increased and they trust India more. India helped more than 150 countries with medical supplies, he added. The Prime Minister said that the world is looking for a trusted, reliable partner. In India, there is a potential, strength and ability. He urged the industry to take full advantage of the trust that has developed towards India.

He stressed that Getting Growth Back is not so difficult either. The biggest thing is that now Indian Industries have a clear path that is Aatmanirbhar Bharat. He clarified that Aatmanirbhar Bharat means that we will become stronger and embrace the world. Aatmanirbhar Bharat means to be fully integrated with the world economy and also supportive.

The Prime Minister stressed the need to invest for the creation of a Robust Local Supply Chain that strengthens India's stake in the Global Supply Chain. He gave a call for big institutions like CII to come forward in a new role post-Corona to make India self reliant. He stressed for the need to have products made in the country, made for the world. He urged the industry to set targets to increase productivity in all sectors. He praised the industry for having created Personal Protective Equipments - PPEs industry worth hundreds of crores within 3 months.

The Prime Minister urged the industry to take full advantage of opening up investment and partnership with farmers in the rural economy. Now necessary infrastructure is being prepared for clusters of local agro products near the village. He said that the government considers the private sector as a partner for the country's development journey. He promised that every need of the industry related to the Aatmanirbhar Bharat Abhiyan will be taken care of. He asked the industry to pledge to make the country self-sufficient and put their full strength to fulfill this resolve.

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There is no substitute to testing, tracking and treatment: PM
All necessary measures must be taken to ramp up the availability of hospital beds for Covid patients: PM
Local administrations need to be proactive and sensitive to people’s concerns: PM
PM reviewed the status of supply of Remdesivir and other medicines
Installation of approved medical oxygen plants should be accelerated: PM
Utilize the entire national capacity to ramp up vaccine production: PM

Prime Minister Narendra Modi chaired a meeting to review the status of preparedness to handle the ongoing Covid-19 pandemic. Various aspects relating to medicines, oxygen, ventilators and vaccination were discussed.

The Prime Minister said that together India had defeated Covid last year & India can do it again, with the same principles but faster speed and coordination.

The PM stressed that there is no substitute to testing, tracking and treatment. Early testing and proper tracking remains key to reduce mortality. He also said that local administrations need to be proactive and sensitive to people’s concerns.

The Prime Minister directed that close coordination with States must be ensured in handling the pandemic. He said that all necessary measures must be taken to ramp up the availability of hospital beds for Covid patients. The Prime Minister also directed that additional supply of beds through temporary hospitals and isolation centres should be ensured.

PM spoke about the need to utilize the full potential of India’s pharmaceutical industry to meet the rising demand of various medicines. He reviewed the status of supply of Remdesivir and other medicines. The Prime Minister was briefed on actions taken to address the issue of availability of Remdesivir. Through the efforts of the Government, capacity and production augmentation for manufacturing of Remdesivir has been ramped up to provide around 74.10 lakh vials/month in May while the normal production output in January-February being just 27-29 lakh vials/month. Supplies have also increased from 67,900 vials on 11th April going up to over 2,06,000 vials on 15th April 2021 which are being particularly focused on states with high caseload and high demand. He took note of the ramped up production capacity, and directed that issues relating to real-time supply chain management to States must be resolved urgently in coordination with the States. The Prime Minister directed that use of Remdesivir and other medicines must be in accordance with approved medical guidelines, and that their misuse and black marketing must be strictly curbed.

On the issue of supply of medical oxygen, the Prime Minister directed that the installation of approved medical oxygen plants should be sped up. 162 PSA Oxygen plants are being installed in 32 States/UTs from PM CARES. The officers informed that 1 lakh cylinders are being procured & they will be supplied to states soon. The officers briefed the PM that they are in constant supply with 12 high burden states in assessing the current and future requirement of medical oxygen. A supply mapping plan for 12 high burden states till 30th April has also been undertaken. The Prime Minister also said that supply of oxygen required for production of medicines and equipment necessary to handle the pandemic should also be ensured.

The Prime Minister also reviewed the status of availability & supply of ventilators. The Prime Minister noted that a real time monitoring system has been created, and directed that concerned State governments should be sensitized to use the system proactively.

On the issue of vaccination, the Prime Minister directed all officials to make efforts to utilize the entire national capacity, in public as well as private sector, to ramp up vaccine production.

He was joined by Cabinet Secretary, Principal Secretary to PM, Union Home Secretary, Union Health Secretary, Pharma Secretary. Dr V K Paul, Niti Aayog was also present.