'He has conquered new heights'

 


Today's centre of attraction Shri Dilipbhai, Shri Ashok Advani, Shri Shashi Ruia and all the other respected people present over here.

I AM THANKFUL to Ashokji that I got a chance to meet you people. I congratulate Dilipbhai for the honoured award received. I know Dilipbhai for many years; he speaks very little and is shy by nature. But he has conquered new heights and will continue to do it.

Speaking of the pharmaceutical industry ... in the whole of India, Gujarat has contributed the most, and, to top it all, Gujarati people are the most involved in this industry outside India. The core fact behind it comes from the so-called game changers denned these days - our ancestors who started the first pharmacy college in India 50 years ago in Ahmedabad. Due to the foundation of this college, human resource developed in the country and India found its roots in this sector.

I am being introduced as the longest running chief minister and I want to cite a small example - when I got the responsibility of Gujarat state for the first time, our state was financially deficit. We had a total deficit of Rs. 6,7OO crore, and, today, we are a surplus state.

When I started my career as the chief minister of Gujarat, people used to request power supply for just dinner purposes, which shows that Gujarat was short of power supply. From there, we started our journey in the power sector and now we are the only state in the country where three-phase uninterrupted power is being supplied. We don't know the meaning of load shedding. In the rest of the country, if power supply is received, it becomes news; while in Gujarat, news is created when there are power cuts. We had a deficit of 2,000 MW but, with our innovations, the situation has changed. In our country, all state-owned electricity companies are in huge debt. When I became Gujarat's CM, our power companies were making Rs. 2,600 crore losses per year. I added Rs. 900 crore to it by giving discount to schools and farmers, and the total reached Rs. 3,500 crore. We are now Rs. 700 crore profits. During the last 10 years, we have doubled the power production and it is great to know that we haven't increased the tariff by a single rupee. We can do this by taking precautions and stopping leakages.

We initiated solar energy power production. Gujarat was the first state in the country that introduced the solar policy and then the Central government followed with the same. When we started the policy, we quoted a rate of Rs. 12, while the Central government quotes Rs. 19. And it was made mandatory that suppliers go for them. But it went the other way round and they came to us at less rates and now Gujarat is a world leader in the field of solar energy production. It's been seen that all public sector units have a definite end. In our state, we have many well-known companies which were in debt and they were funded by the government in 2001. We concentrated on many issues and professionalised them and now they have become four times profitable. Things can be changed if we give proper attention and Gujarat is the best example.

In the agricultural sector during the last 20 years, all the governments have been targeting 4 per cent growth, which has still been unachievable. Gujarat is a state where we face draught in seven out of every 10 years, and we only have the Narmada River. We started a mass movement of rain water harvesting and made lakhs of check dams to stop water. And Gujarat is the only state where the water table has increased from 3 metres to 13 metres. You'll be happy to know that our agricultural growth is 11 per cent, while other states do not have even 4 per cent growth in the last 10 years. In 2001, total production of cotton in Gujarat was 23 lakh bales, whereas today the number has reached 1.23 crore; but, for some reason, today, the Central government has banned the export, which is adversely affecting trade relations with other countries. No buyer will take interest if the policies of the government fluctuate. Our prime minister is an economist; yet, I don't know why this decision was taken. Last year, due to the fluctuating policies of this government, farmers in Gujarat faced a total loss of Rs. 14, 000 crore.

In Gujarat, we conduct cattle healthcare camps, where we have eradicated 112 common cattle diseases. Gujarat is the only state in the world where we conduct cattle cataract operations and dental check-ups. Due to this, I guarantee that if you have tea in Singapore, it will contain milk from Gujarat.

We were not known for our agricultural sector, but now I guarantee that if you visit Europe, you will find bhindi (lady's finger), which are grown in Bardoli (Gujarat). And, you will also find in Afghanistan tomatoes that have come from Gujarat, We are also concentrating on service and tourist sectors. We all know that Gujaratis are the best tourists, but Gujarat had no attractions for the tourism sector - apart from the Gir forest and Somnath and Dwarka temples. In the last three years, we had commenced aggressive campaigns for it and now Gujarat tourism has grown by 40 per cent, which is double the growth figure for Indian tourism. We are growing in all sectors - whether it is service, agriculture or tourism. This was possible because we turned development into a mass movement. We took an example from our freedom struggle in which many individuals gave up their lives. But Mahatma Gandhi's contribution, whereby he converted our freedom struggle into a mass movement that resulted in our freedom, was unique. In this manner, development should be a mass movement in which every individual in the country should think of the country's development. We created this type of environment in Gujarat. Now we have started to see the future. When I came into power, there were 11 universities in my state and now we have 41. We are initiating a world-class intimation centre - 'I CREATE' - which will help the young people innovate with a spark and thus help in our growth.

Till date, India imports a lot of weapons and equipment for defence purposes. Gujarat is taking initiatives to make India self-sufficient in the sector of defence by bringing out a new policy -for those interested in this field; we will make Gujarat a heavenly place for them. In this way, we will help our nation in its defence.

Gujarat is coming up with many new cities -states within the state - which are very modern. You all must have heard of our gift city, Dholka, which is coming up. It is a special investment region that is double the size of Shanghai and will be the biggest in the world. All of you can imagine how much Gujarat will benefit from it and Mumbai will directly benefit from it because all the money earned in Gujarat is being deposited in banks located in Mumbai. I don't have a problem with that. I wish luck to the bankers over here. I am thankful to have got the opportunity to come here and I again congratulate Mr Dilipbhai and his family.

 

Thank you.

NARENDRA MODI

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This year’s Union Budget reinforces our commitment to sustaining and strengthening economic growth: PM Modi
March 03, 2026
This year’s Union Budget reinforces our commitment to sustaining and strengthening economic growth: PM
Our direction is clear, our resolve is clear,Build more, produce more, connect more, export more: PM
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Namaskar!

Last week, the first webinar of the Budget Webinar Series was organized, and I was told that it was very successful. Everyone gave excellent suggestions regarding the implementation of budget provisions, and I welcome everyone’s active participation. Today, the second webinar of this series is being held. I have been informed that today, thousands of people will be giving countless suggestions on a wide range of topics, and subject experts will also be joining us. Such a large-scale discussion on the budget is, in itself, a very successful experiment. I thank you all for taking the time to join this webinar. I welcome you warmly. The theme of this webinar is linked to continuously strengthening the country’s economic growth. Today, when India has become a source of hope for the world with its strong economy, and when the global supply chain is being reshaped, rapid economic progress is a major foundation for a developed India. Our direction is clear, our resolve is clear: Build more, produce more, connect more, and now the need is to Export more. Certainly, the brainstorming among you today will play a major role in this.

Friends,

You all know that manufacturing, logistics, our MSMEs, small industries, cottage industries, and even our small and large cities-though they may appear different-are all interconnected pillars of the economy. For example, strong manufacturing creates new opportunities, which in turn increases exports. Competitive MSMEs promote flexibility and innovation. Better logistics reduce costs. Well-planned cities attract both investment and talent. This year’s budget has given great strength to all these pillars.

But friends,

No direction automatically produces results. Real change happens on the ground when industry, financial institutions, and state governments work together to make it a reality. My expectation is that in this webinar, you will give priority to certain topics in your deliberations, such as how manufacturing and production can be increased, how cost structures can be made more competitive, how investment flows can be accelerated, and how development can reach every corner of the country. Your suggestions in this direction will be very important.

Friends,

In the field of manufacturing, the country is strengthening its core industrial capacities today. The challenges along this path are also being addressed. By focusing on sectors like dedicated rare earth corridors and container manufacturing, we are trying to strengthen our trade ecosystem. The budget also announced the Biopharma Shakti Mission. The aim of this mission is to make India a global hub in biologics and next-generation therapies. We want to move towards leadership in advanced biopharma research and manufacturing.

Friends,

Today, the world is looking for reliable and resilient manufacturing partners. India has the opportunity to play this role strongly. For this, all stakeholders must invest with great confidence, adopt new technologies, and the era of being stingy in research is gone-now we must make big investments in research. We must also ensure quality in line with global standards. I repeatedly say that as opportunities come our way, our only mantra should be: Quality, Quality, Quality.

Friends,

India has signed free trade agreements with many countries. This has opened a huge gateway of opportunities for us. In such a situation, our responsibility is to never compromise on quality. If we must put the greatest strength, wisdom, and effort into one thing, it should be quality. The quality of our products should not only meet global standards but surpass them. For this, we must study the needs and expectations of other countries, conduct research, and understand them. We must study the preferences and comfort of people in other countries-this is the greatest necessity, and research must be done on it. Suppose someone demands a small component, and they are building a huge ship. If we casually send the part without care, who will accept it? For us, it may be a small component, but in their large manufacturing unit, it holds great importance. That is why, in today’s competitive world, quality creates golden opportunities for us. We must make user-friendly products according to their requirements. Only then can we take advantage of these opportunities. The free trade agreements are ready, and now the highway of development is prepared for you. I hope that in this webinar, you will also focus on this subject in your discussions.

Friends,

The reforms we made in MSME classification are showing widespread impact. Enterprises no longer fear that if they expand, they will lose the benefits provided by the government. Efforts have been made to ensure easy access to credit for MSMEs, to promote technology upgradation, and to encourage capacity building.

But friends,

These efforts will only show results when MSMEs enter competition in greater numbers, with the goal of victory. Now is the time for MSMEs to increase their productivity, raise quality standards, adopt digital processes, and connect with strong value chains. In this direction, your suggestions in this webinar will be very important.

Friends,

Infrastructure and logistics are the core pillars of our growth strategy. This year’s budget proposes record capital expenditure. Building high-capacity transport systems, better coordination among railways, highways, ports, airports, and waterways, expansion of different freight corridors and multimodal connectivity-all these steps are necessary to reduce costs and improve efficiency. Therefore, new waterways, ship repair facilities, and regional centres of excellence will strengthen our logistics ecosystem. Seven new high-speed rail corridors are going to become growth connectors. But you also know that the real benefit of this infrastructure will only come when industries and investors align their strategies with this vision. What those strategies will be, you must discuss in detail, and I am confident you will pay attention to these matters.

Friends,

Urbanization also plays a very important role in India’s development journey. India’s future growth will depend on how effectively we plan and manage our cities. How our Tier-II and Tier-III cities become new growth anchors-your suggestions in this budget webinar will be very important for this as well.

Friends,

A major transformation is taking place in the world economy today. Markets no longer look only at costs; they also look at sustainability. In this direction, the Carbon Capture, Utilisation and Storage Mission is an important initiative. Now sustainability must become a part of your core business strategy. Industries that invest in clean technologies in time will gain better access to new markets in the coming years. This year’s budget has given a new direction. My request is that industries, investors, and institutions move forward together in this.

Friends,

The goal of a developed India can only be achieved through collective ownership. This budget webinar should not remain just a platform for discussion, or just for gathering knowledge. It must show collective ownership-that is very necessary. The budget has provided the framework; now you must create the momentum together. You must become participants in our efforts. Every suggestion, every experience of yours has the potential to bring excellent results on the ground. May your suggestions become milestones in the country’s progress-with this belief, I thank you very much.

Namaskar!