'Aatmanirbhar Bharat’ merges the local with the global: PM Modi

Published By : Admin | September 3, 2020 | 21:01 IST
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Says India is becoming a leading attractions for Foreign Investment
India received over 20 Billion Dollars of Foreign Investment this year: PM
India offers affordability of geography, reliability and political stability: PM
India offers transparent and predictable tax regime; encourages & supports honest tax payers: PM
India being made one of the lowest tax destinations in the World with further incentive for new manufacturing units: PM
There have been far reaching reforms in recent times which have made the business easier and red-tapism lesser: PM
India is full of opportunities both public & private sector: PM

Distinguished guests in India and USA,

Namaste,

It is wonderful to see US-ISPF bring together a diverse range of people for the US India Summit 2020. The work ofthe US-ISPF in bringing India and USA closer is commendable.

I have known John Chambers for many years now. His affection towards India is very strong. A few years ago he was awarded the ‘Padma Shri’.

Friends,

The theme for this yearis a relevant one - Navigating New Challenges. When the year 2020 began, did anybody imagine this is how it would pan out? A global pandemic has impacted everyone. It is testing:our resilience, our public health systems, our economic systems.

The current situation demands a fresh mind set.A mind set where the approach to development is human centric. Where there isa spirit of cooperationbetween everyone.

Friends,

While looking at the way ahead we should keep our focus on- ramping up our capacities, securing the poor and future proofing our citizens. This is the path India is taking. India was among the first in creating a responsive system of lockdowns. India was among the first to advocate the use of masks and face coverings as a public health measure. We were also among the earliest to create public awareness campaigns about social distancing. In record time, medical infrastructure was scaled up- be it Covid hospitals, ICU capacities and more. Starting from one testing lab in January, we now have around sixteen hundred labs across the country.

The outcome of these efforts has been that a country with 1.3 billion people and limited resources has one of the lowest death rates per million in the world. The recovery rate is also steadily rising. I am happy that our business community, in particular small business been pro-active. Starting from almost nothing, they made us the second largest PPE kits manufacturer in the world.

This is in line with India's spirit of challenging the challenge to emerge stronger. In the last few months the nation has battled Covid, and other crisis such as floods, 2-2 cyclones,locust attack.But, it has only made the people's resolve stronger.

Friends,

Through the entire COVID-19 period and the lockdown, the Government of India was clear on one thing- the poor have to be protected. The ‘Pradhan MantriGaribKalyanYojana’ for India's poor is among the largest support system seen anywhere globally. Free food grainis being provided to 800 million people.This scheme operates for 8 months.800 million people means:More than double of USA's population. Free cooking gas is being provided to around 80 million families. Cash support has been provided to around 345 million farmers and needy people. The scheme has given much-needed employment for migrant workers by creating almost 200 million person-days of work.

Friends,

The pandemic has impacted several things. But it has not impacted the aspirations and ambitions of 1.3 billion Indians. In the recent months, there have been far-reaching reforms. These are makingbusiness easier and red-tapism lesser. Work is actively underway on the world's largest housing program. The renewable energy infrastructure is being expanded.Rail, road and air connectivity is being boosted. Our country is creating a unique digital model to build a national digital health mission. We are using the best of fin-tech to provide banking, credit, digital payments and insurance to millions. All these initiatives are being taken using world-class technology and global best practices.

Friends,

This pandemic has also shown the world that the decision on developing global supply chains should be based not only on costs. They should also be based on trust. Along with affordability of geography, companies are now also looking for reliability and policy stability. India is the location which has all of these qualities.

As a result, India is also becoming one of the leading attractions for foreign investment. Be it America or the Gulf, be it Europe or Australia-the world believes in us. We have received over 20 billion dollars of foreign investment flows during this year. Google, Amazon and Mubadala Investments have announced long-term plans for India.

Friends,

India offers a transparent and predictable tax regime. Our system encourages and supports honest tax payers. Our GST is a unified, fully IT enabled indirect tax system. Insolvency and Bankruptcy Code has reduced risk for the entire financial system. Our Comprehensive labour reforms will reduce compliance burden for employers. It will also provide social security protection to the workers.

Friends,

The importance of investment in driving growth cannot be overstated. And we are tackling both demand and supply side of it. By making India one of the lowest tax destinations in the world and with further incentive for new manufacturing units.Mandatory e- platform based ‘faceless assessment’ will go a long way in helping citizens. So will the Tax-payers charter. The continued regulatory reforms in bond markets ensure improved ease of access for investors. There are tax exemptions to ‘Sovereign Wealth Funds’ and ‘Pension Funds’ for Infrastructure investment.FDI into India rose by 20 percent in 2019. This when global FDI inflows fell by 1 percent. This shows the success of our FDI regime. All of the above steps will ensure a brighter and more prosperous tomorrow. They will also contribute to a stronger global economy.

 

Friends,

1.3 billion Indians have embarked on one mission- to make an ‘Aatmanirbhar Bharat’ or self-reliant India. ‘Aatmanirbhar Bharat’ merges the local with the global. It ensures India's strengths act as a global force multiplier. Time and again, India has shown that our goal is global good. Despite our large local needs, we did not shy away from our global responsibility. The responsibility of being the world's leading producer of generic medicines. We ensured constant supplies to the world. We are also at the fore-front of research on the vaccine for Covid-19. A self-reliant and peaceful India ensures a better world.

‘Aatmanirbhar Bharat’ is about transforming India from being just a passive market to an active manufacturing hub at the heart of global value chains.

Friends,

The road further ahead is full of opportunities. These opportunities are in the public and private sector. They cover core economic sectors as well as the social sectors. Recent sectors that have opened include Coal, Mining, Railways, Defence, Space, and Atomic Energy.

Production Linked Incentive schemes have been launched for- mobile & electronics, medical devices, pharma sectors - they have been well received. Such schemes are being planned for other Champion sectors too. Reforms in agriculture marketing and 14 billion US Dollars agriculture financing facility bring several opportunities.

Friends,

For challenges in India, you have a Government that believes in delivering results. A government for which Ease of living is as important as the Ease of doing business. You are looking at a young country with 65 percent population less than 35 years old. You are looking at an aspirational country that has decided to take the nation to new heights. This at a time when we mark 75 years of independence. You are looking at a country with political stability and policy continuity. You are looking at a country with commitment to democracy and diversity.

Come, be a part of this journey with us.

Thank you.

Thank you very much.

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PM to visit Karnataka on 6th February
February 04, 2023
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PM to inaugurate India Energy Week 2023 in Bengaluru
Moving ahead on the ethanol blending roadmap, PM to launch E20 fuel
PM to flag off Green Mobility Rally to create public awareness for green fuels
PM to launch the uniforms under ‘Unbottled’ initiative of Indian Oil - each uniform to support recycling of around 28 used PET bottles
PM to dedicate the twin-cooktop model of the IndianOil’s Indoor Solar Cooking System - a revolutionary indoor solar cooking solution that works on both solar and auxiliary energy sources simultaneously
In yet another step towards Aatmanirbharta in defence sector, PM to dedicate to the nation the HAL Helicopter Factory in Tumakuru
PM to lay foundation stones of Tumakuru Industrial Township and of two Jal Jeevan Mission projects in Tumakuru

Prime Minister Shri Narendra Modi will visit Karnataka on 6th February, 2023. At around 11:30 AM, Prime Minister will inaugurate India Energy Week 2023 at Bengaluru. Thereafter, at around 3:30 PM, he will dedicate to the nation the HAL helicopter factory at Tumakuru and also lay the foundation stone of various development initiatives.

India Energy Week 2023

Prime Minister will inaugurate the India Energy Week (IEW) 2023 in Bengaluru. Being held from 6th to 8th February, IEW is aimed to showcase India's rising prowess as an energy transition powerhouse. The event will bring together leaders from the traditional and non-traditional energy industry, governments, and academia to discuss the challenges and opportunities that a responsible energy transition presents. It will see the presence of more than 30 Ministers from across the world. Over 30,000 delegates, 1,000 exhibitors and 500 speakers will gather to discuss the challenges and opportunities of India's energy future. During the programme, Prime Minister will participate in a roundtable interaction with global oil & gas CEOs. He will also launch multiple initiatives in the field of green energy.

The ethanol blending programme has been a key focus areas of the government to achieve Aatmanirbharta in the field of energy. Due to the sustained efforts of the government, ethanol production capacity has seen a six times increase since 2013-14. The achievements in the course of last eight years under under Ethanol Blending Programe & Biofuels Programe have not only augmented India’s energy security but have also resulted in a host of other benefits including reduction of 318 Lakh Metric Tonnes of CO2 emissions and foreign exchange savings of around Rs 54,000 crore. As a result, there has been payment of around Rs 81,800 crore towards ethanol supplies during 2014 to 2022 and transfer of more than Rs 49,000 crore to farmers.

In line with the ethanol blending roadmap, Prime Minister will launch E20 fuel at 84 retail outlets of Oil Marketing Companies in 11 States/UTs. E20 is a blend of 20% ethanol with petrol. The government aims to achieve a complete 20% blending of ethanol by 2025, and oil marketing companies are setting up 2G-3G ethanol plants that will facilitate the progress.

Prime Minister will also flag off the Green Mobility Rally. The rally will witness participation of vehicles running on green energy sources and will help create public awareness for the green fuels.

Prime Minister will launch the uniforms under ‘Unbottled’ initiative of Indian Oil. Guided by the vision of the Prime Minister to phase out single-use plastic, IndianOil has adopted uniforms for retail customer attendants and LPG delivery personnel made from recycled polyester (rPET) & cotton. Each set of uniform of IndianOil’s customer attendant shall support recycling of around 28 used PET bottles. IndianOil is taking this initiative further through ‘Unbottled’ - a brand for sustainable garments, launched for merchandise made from recycled polyester. Under this brand, IndianOil targets to meet the requirement of uniforms for the customer attendants of other Oil Marketing Companies, non-combat uniforms for Army, uniforms/ dresses for Institutions & sales to retail customers.

Prime Minister will also dedicate the twin-cooktop model of the IndianOil’s Indoor Solar Cooking System and flag-off its commercial roll-out. IndianOil had earlier developed an innovative and patented Indoor Solar Cooking System with single cooktop. On the basis of feedback received, twin-cooktop Indoor Solar Cooking system has been designed offering more flexibility and ease to the users. It is a revolutionary indoor solar cooking solution that works on both solar and auxiliary energy sources simultaneously, making it a reliable cooking solution for India.

PM in Tumakuru

In yet another step towards Aatmanirbharta in the defence sector, Prime Minister will dedicate to the nation the HAL Helicopter Factory in Tumakuru. Its foundation stone was also laid by the Prime Minister in 2016. It is a dedicated new greenfield helicopter factory which will enhance capacity and ecosystem to build helicopters.

This helicopter factory is Asia’s largest helicopter manufacturing facility and will initially produce the Light Utility Helicopters (LUH). LUH is an indigenously designed and developed 3-ton class, single engine multipurpose utility helicopter with unique feature of high manoeuvrability.

The factory will be expanded to manufacture other helicopters such as Light Combat Helicopter (LCH) and Indian Multirole Helicopter (IMRH) as well as for repair and overhaul of LCH, LUH, Civil ALH and IMRH in the future. The factory also has the potential for exporting the Civil LUHs in future.

This facility will enable India to meet its entire requirement of helicopters indigenously and will attain the distinction of enabling self-reliance in helicopter design, development and manufacture in India.

The factory will have a manufacturing set up of Industry 4.0 standards. Over the next 20 years, HAL is planning to produce more than 1000 helicopters in the class of 3-15 tonnes from Tumakuru. This will result in providing employment for around 6000 people in the region.

Prime Minister will lay the foundation stone of Tumakuru Industrial Township. Under the National Industrial Corridor Development Programme, development of the Industrial Township spread across 8484 acre in three phases in Tumakuru has been taken up as part of Chennai Bengaluru Industrial Corridor.

Prime Minister will lay the foundation stones of two Jal Jeevan Mission projects at Tiptur and Chikkanayakanahalli in Tumakuru. The Tiptur Multi-Village Drinking Water Supply Project will be built at a cost of over Rs 430 crores. The Multi-village water supply scheme to 147 habitations of Chikkanayakanahlli taluk will be built at a cost of around Rs 115 crores. The projects will facilitate provision of clean drinking water for the people of the region.