In a first of its kind initiative, the Prime Minister Shri Narendra Modi interacted with Heads of Indian Missions abroad and stakeholders of the trade & commerce sector via video conference. The Union Commerce Minister and External Affairs Minister were also present during the interaction. The interaction also witnessed participation of Secretaries of more than twenty departments, state government officials, members of Export Promotion Councils and Chambers of Commerce.
Addressing the gathering, the Prime Minister said that this is the time for Azadi ka Amrit Mahotsav. Along with celebrating the 75th festival of independence, this is an opportunity to build a clear vision and roadmap for future India. In this, our Export Ambitions and all the stakeholders play a major role. He added that today the world is shrinking every day due to physical, technological and financial connectivity. In such an environment, new possibilities are being created around the world for the expansion of our exports. He lauded the stakeholders for this initiative and commended the enthusiasm, optimism and commitment shown by all of them to achieve our ambitious goals regarding exports. He reminded that one of the major reasons, India had the highest share in the global economy in the past was it’s strong trade and exports. He stressed on the importance of strengthening our exports in regaining our old share in the global economy.
The Prime Minister urged the stakeholders to put all their efforts to take advantage of the new opportunities created by the changes in the Global Supply Chain in the Post Covid Global World. Considering the size of our economy and potential, our manufacturing and service industry base, there is tremendous potential for export growth. He added that when the country is moving towards the mission of Atmanirbhar Bharat, one of its goals is to increase India's share in exports manifold. He said that to achieve this we have to make sure that we get access to the global supply chain, so that our business can scale and grow. He added that our industry will also have to move towards the best technology, focus on innovation and increase share in R&D. He said our share in the Global Value Chain will grow only by following this path. While encouraging competition and excellence, we have to prepare global champions in every sector, he stressed.
The Prime Minister listed four factors that are very important for increasing exports. Manufacturing in the country has increased manifold and that has to be qualitatively competitive. Second, The problems of transport, logistics should be removed for that centre, states and private stakeholders will have to work continuously. Third, The government should walk shoulder to shoulder with the exporters and, finally, the international market for Indian products needs to be expanded . He said only when these four factors are synergized, India will be able to achieve the goal of Make in India for the world in a better way.
The Prime Minister said today, the government in the country, in the states is moving forward, understanding the needs of the business world. He listed the initiatives of the Government to boost MSMEs like many relaxations given in compliances under Atmanirbhar Bharat Abhiyan and provision of Emergency Credit Line Guarantee Scheme of Rs 3 lakh crore. He also noted that the Production Linked Incentive Scheme will not only help in increasing the scale of our manufacturing but also increase the level of global quality and efficiency. This will develop a new ecosystem of Atmanirbhar Bharat. The country will get new Global Champions in Manufacturing and Export. He elaborated how Production Linked Incentives helped to strengthen the mobile phone manufacturing sector. The mobile phone sector, we are also experiencing its impact. 7 years ago, we used to import mobile phones worth about $ 8 billion. Now, it has come down to $2 billion. 7 years ago, India used to export mobile phones worth only $ 0.3 billion. Now it has increased to more than 3 billion dollars.
The Prime Minister said the government, both at centre and states are also focussing to reduce the time and cost of logistics in the country. For this, work is going on at a rapid pace in every level to create a multimodal connectivity.
The Prime Minister said continuous efforts are being made by the government to minimize the impact of Pandemic. It is our best effort to keep the virus infection under control. The work of vaccination is going on at a fast pace in the country today. Every possible step has been taken to solve all the problems of the countrymen and the industry. He added that our industry and business has also innovated during this period, by adapting itself to new challenges. The industry also helped the country deal with the medical emergency and also played a role in reviving growth. This is the reason that today along with drugs and pharmaceuticals, our exports have reached a new level in sectors like agriculture. He said today we are seeing positive signs not only of recovery in the economy but also about high growth. Therefore, this is a good time to set high targets for exports and achieve them. He said the Government is taking necessary steps at every level to achieve this. Recently, he said the Government has taken a major decision for our exporters to get a boost of about Rs 88000 crore rupees in the form of insurance cover. Similarly by rationalizing our export incentives our exports would be WTO compliant and will also get a boost.
The Prime Minister stressed on the importance of stability in doing business. He said the decision taken by India to get rid of retrospective taxation shows our commitment, shows consistency in policies and gives a clear message to all the investors that India is not only opening the doors of new possibilities but the decisive Government of India, has the will to fulfill its promises.
The Prime Minister stressed on the role of states in achieving the export targets and implementing reforms, attracting investment, easing of doing business and creating last mile infrastructure. He said the central government is working closely with the states to minimize the regulatory burden so as to increase export and investment. He said a healthy competition is being promoted between the states to make export hubs in the states. States are being encouraged to focus on one product in each district.
The Prime Minister said our ambitious target regarding exports can be achieved only through a holistic and detailed action plan. He urged the stakeholders to accelerate our existing exports and also work to create markets, new destinations for new products. At present, almost half of our exports are to only 4 major destinations. Similarly, about 60 percent of our exports are related to Engineering Goods, Gems and Jewellery, Petroleum and Chemical Products and Pharmaceuticals. He urged them to find new destinations and also take our new products to the world. He added that with the opening of sectors like Mining, Coal, Defense, Railways, our entrepreneurs are also getting new opportunities to increase exports.
The Prime Minister said to the Ambassadors, officials from the Ministry of External Affairs that in whichever country they are representing India, they understand the needs of that country very well. He asked them to act as a bridge for the commerce industry here. He urged that India Houses present in different countries should also be representative of the manufacturing power of India. He requested the Ministry of Commerce to put in place such a system so that there is a constant communication between our exporters and our missions.
The Prime Minister said for maximum benefit to our economy from our exports, we have to build a seamless and high quality supply chain within the country as well. For this we need to build a new relationship and a new partnership. He requested all Exporters to strengthen partnership with our MSMEs, farmers and our fishermen, promote our Startups and support them.
The Prime Minister gave a call to establish a new identity of Quality and Reliability. He said it is our endeavor to create a natural demand for high value-added products of India in every nook and corner of the world. He assured the industry, all the exporters that the government will support them in every way. He urged the industry to prove the resolve of Atmanirbhar Bharat and a prosperous India!
Union External Affairs Minister Shri S. Jaishankar highlighted the unique character of the event. He said that while the theme of the event is local goes global, the Indian Missions also need to be globally local to help connect our producers with the demand in specific countries. Union Commerce Minister Shri Piyush Goyal said that the global environment is favourable and we should look at leveraging comparative and competitive advantages with respect to other countries for increasing our exports.
Heads of Indian Missions gave their inputs and suggestions to increase India’s exports. They talked about setting sector and region specific trade targets, the need to focus on value addition, quality standards of products, supply chain diversification, ensuring reliability in supplies and improving connectivity. They said that there is a need to focus on new markets and region specific products, while at the same time, maintaining our competitive edge in the regions and products where we are doing well currently.
आज फिजिकल, टेक्नोलॉजीकल और फाइनेंसियल कनेक्टिविटी की वजह से दुनिया हर रोज और छोटी होती जा रही है।— PMO India (@PMOIndia) August 6, 2021
ऐसे में हमारे Exports के Expansion के लिए दुनिया भर में नई संभावनाएं बन रही हैं: PM @narendramodi
इस वक्त हमारा एक्सपोर्ट GDP का लगभग 20 प्रतिशत है।— PMO India (@PMOIndia) August 6, 2021
हमारी अर्थव्यवस्था के साइज़, हमारे Potential, हमारी मैन्युफेक्चरिंग और सर्विस इंडस्ट्री के बेस को देखते हुए इसमें बहुत वृद्धि की संभावना है: PM @narendramodi
तीसरा- एक्सपोर्टर्स के साथ सरकार कंधे से कंधा मिलाकर चले।— PMO India (@PMOIndia) August 6, 2021
और चौथा फैक्टर, जो आज के इस आयोजन से जुड़ा है, वो है- भारतीय प्रॉडक्ट्स के लिए इंटरनेशनल मार्कट: PM @narendramodi
एक्सपोर्ट बढ़ाने के लिए चार फैक्टर्स बहुत महत्वपूर्ण हैं।— PMO India (@PMOIndia) August 6, 2021
पहला- देश में मैन्यूफैक्चरिंग कई गुना बढ़े।
दूसरा- ट्रांसपोर्ट की, लॉजिस्टिक्स की दिक्कतें दूर हों: PM @narendramodi
Production Linked Incentive scheme से हमारी manufacturing की Scale ही नहीं बल्कि Global quality और efficiency का स्तर बढ़ाने में भी मदद मिलेगी।— PMO India (@PMOIndia) August 6, 2021
इससे आत्मनिर्भर भारत का, मेड इन इंडिया का नया ecosystem विकसित होगा।
देश को manufacturing और export के नए Global Champions मिलेंगे: PM
हाल ही में सरकार ने Exporters को लेकर एक बड़ा फैसला लिया है।— PMO India (@PMOIndia) August 6, 2021
इस फैसले से हमारे Exporters को Insurance Cover के रूप में लगभग 88 हज़ार करोड़ रुपए का Boost मिलेगा।
इसी प्रकार export incentives को rationalize करने से, WTO कंप्लायेंट बनाने से भी हमारे एक्सपोर्ट को बल मिलेगा: PM
दुनिया के अलग-अलग देशों में बिजनेस करने वाले हमारे एक्सपोर्टर्स बहुत बेहतर तरीके से जानते हैं कि Stability का कितना बड़ा प्रभाव होता है।— PMO India (@PMOIndia) August 6, 2021
भारत ने retrospective taxation से मुक्ति का जो फैसला लिया है, वो हमारा कमिटमेंट दिखाता है, पॉलीसीज में consistency दिखाता है: PM @narendramodi
अलग-अलग देशों में मौजूद इंडिया हाउस, भारत की मैन्यूफैक्चरिंग पावर के भी प्रतिनिधि बनें।— PMO India (@PMOIndia) August 6, 2021
समय-समय पर आप, भारत में यहां की व्यवस्थाओं को अलर्ट करते रहेंगे, गाइड करते रहेंगे, तो इसका लाभ एक्सपोर्ट को बढ़ाने में होगा: PM @narendramodi
ये समय Brand India के लिए नए लक्ष्यों के साथ नए सफर का है।— PMO India (@PMOIndia) August 6, 2021
ये समय हमारे लिए Quality और Reliability की नई पहचान स्थापित करने का है।
हमें ये प्रयास करना है कि दुनिया के कोने-कोने में भारत के high value-added product को लेकर एक स्वाभाविक डिमांड पैदा हो: PM @narendramodi