Share
 
Comments

The country can progress only if we end red-tapism . No red tape, only red carpet, is my policy towards investors: Shri Narendra Modi 

Government has no business to be in business, it should play role of a felicitator: Shri Narendra Modi 

Shri Modi speaks on plethora of issues from the state of the economy, low investor confidence to the success of the time tested Gujarat model in an interview with leading financial daily ‘The Economic Times’ 

At a time when  India's  the economy is struggling, when investor confidence is at its lowest ebb and there is intense talk of a ‘policy paralysis’, Shri Narendra Modi shared valuable insights on possible remedial measures that can rid the country of economic doom.

Shri Modi stressed on the need to revive investor confidence through transparent decision-making and proper implementation. He rejected the charge that the Opposition was stalling the growth process and pointed out that it is the UPA that is discriminating with Opposition ruled states. He also articulated an extremely clear line on the role of state as a facilitator vis-a-vis business. This line assumes significance in the wake of rampant misuse of central agencies by the UPA to target select business houses especially those investing in Opposition ruled states. Shri Modi shared these insights during an interview with India’s leading business daily, ‘the Economic Times.’

Shri Modi’s interview has assumed immense significance in the business world. Firstpost, a leading web- based news channel stated that on the economic front, Shri Modi indeed offers a ‘big idea’ as compared to the PM’s ‘tired clichés.’ It adds that right from identifying the root of the problem, Shri Modi goes on to articulate a solution, which ironically the Centre should have. Firstpost also notes that Shri Modi not only has the idea but also has been implementing it successfully in Gujarat over the last decade.

Sharing some parts of the interview.

On reviving investor confidence 

“We can provide safety for their money through clarity in policies, transparency in decision-making and decent implementation. Is the UPA government able to do these? The answer is: NO.”

“…There should be clarity and purpose while making policies. We should create an atmosphere where people can make investment from their office or home. Ambiguities and waffling in policy-making should go.”

“The government should stop painting a rosy picture. If the prime minister accepts reality, he can find an answer. But the problem is that he does not believe in what he is doing. He is not able to even take his decisions to their logical end.”

On the charge that Opposition is not co-operating with the Government on key issues 

“The prime minister and the Congress have been maintaining that the Opposition-run state governments are not aiding the Centre's efforts to put the economy back on rails...

The charge is baseless. Look at what the Centre is doing to state governments' efforts to attract investment. Iron ore is available in abundance in Odisha. But the Congress and the government led by it at the Centre are opposing entry of steel companies into the state.”

“They (UPA) don't want the state government to perform and they place hurdles…The Centre went to the extent of unleashing enforcement agencies on those who promised investments in Gujarat at the Vibrant Gujarat meet . They should stop preaching and do what they are expected to do - govern.”

On Gujarat as an alternative model 

“Gujarat is a very successful model. Look at the investment auto companies have made in the state. Every auto major has its plant in my state. It is because of the efficiency of the state government. We have best quality infrastructure, skilled labour and zero man-day loss.”

“We plan our skill development and infrastructure with the future in mind. In 2012, we plan for 2015.”

On the role of the state in business

“The government has no business to be in business. It should play the role of a facilitator”

“I believe that country can progress only if we end red-tapism. No red tape, only red carpet, is my policy towards investors.”

On Gujarat’s inclusive development 

“Kite festival is a big event in Gujarat. Mainly BPL families are engaged in kite-making. The total business a few years ago was a paltry 32 crore.”

“Women's self-help groups are another example. The government has signed a tripartite agreement with SHGs and corporates. Now, 35 corporates are involved in the project, providing SHGs marketing facility.”

“Last month, we ensured jobs for 65,000 students from ITIs. There are many such initiatives for students, artisans etc.”

“Rajiv Gandhi once said that only 15 paise out of 1 allocation reach the intended beneficiary. But we have ensured that 100% of the money that is allocated from Gandhinagar reaches people.”

“I have a coastline spanning 1,600 km. We have spent Rs 18,000 crore for education, health and other needs of fishermen, who are mostly Muslims.”

“They (Media) talked about me and Gujarat at the Vibrant Gujarat meet. It is an event held once in two years. But does the media pay the same kind of attention to the Krishi Mahostavs that are being held here?”

On examples of Congress discriminatory attitude to Opposition states

“I can reel out at least 100 examples to prove my point. When Atalji was the prime minister, Gujarat and Assam used to get the same royalty on crude. One of the first decisions that the Manmohan Singh took was to slash our share. We are losing around Rs 5,400 crore on this account.”

On the current mood of the nation 

I will agree with the assessment that there is popular revulsion for Congress.

On the confidence of the people of Gujarat in the BJP 

“We have won the confidence of the people of Gujarat in 2002, 2004 parliamentary elections, 2005 local bodies election, 2007 assembly polls, 2009 Lok Sabha election and 2010 local bodies poll.”

Read the complete interview with Economic Times. 

On economy, PM offers tired clichés; Modi offers a big idea’- read this complete article of Shri Modi’s economic vision and its relevance in the wake of India’s financial crisis.

Pariksha Pe Charcha with PM Modi
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
All in a Day's Work: PM Modi's Monday Marathon of Covid-19 Meetings While Fasting

Media Coverage

All in a Day's Work: PM Modi's Monday Marathon of Covid-19 Meetings While Fasting
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM interacts with leaders of pharma industry
April 19, 2021
Share
 
Comments
PM Modi appreciates the crucial role of the pharma sector in the fight against the pandemic
It is because of the efforts of the pharma industry that today India is identified as ‘pharmacy of world’: PM Modi
Despite all the challenges, the Indian pharma industry has also registered a growth of 18 percent in exports last year, which shows its potential: PM

Prime Minister Narendra Modi interacted with leaders of pharmaceutical industry via video conferencing. The Prime Minister appreciated the crucial role of the pharma sector in the fight against the pandemic.

PM Modi appreciated the way the pharma industry is working even in such trying conditions.

PM Modi remarked that it is because of the efforts of the pharma industry that today India is identified as ‘pharmacy of world’. He said essential medicines were made available to more than 150 countries around the world during the pandemic. The Prime Minister stated that despite all the challenges, the Indian pharma industry has also registered a growth of 18 percent in exports last year, which shows its potential.

Noting the second wave of the virus and rising number of cases, PM Modi commended the pharma industry for their efforts to increase production of several necessary drugs. He appreciated them for reducing the price of injections like Remdesivir. To keep the supply of medicines and essential medical equipment going smoothly, PM Modi urged the pharma industry to ensure seamless supply chains. PM Modi also extended government’s support for facilities like Logistics and Transportation.

He urged the industry to conduct more and more researches on threats which can occur in the future along with Covid. This, he said, would help us take the lead in combating the virus.

Seeking cooperation from the pharma industry, PM Modi assured that government is undertaking reforms for new drugs and regulatory processes.

The leaders of the Pharma industry appreciated the proactive help & support received from the Government. They highlighted the efforts made over the last one year in ensuring availability of drugs keeping manufacturing and logistics operational. Operations at the pharma hubs for manufacturing, transportation, logistics and ancillary services are being maintained at optimum levels. The participants also share inputs on the measures being undertaken to meet the overall medicine demand in the country despite the unprecedented increase in demand for some drugs  the COVID Treatment Protocol.

The meeting was also attended by Union Health Minister Shri Harsh Vardhan, MoS (Health) Shri Ashwini Kumar Choubey, Union Minister Chemical and Fertilizer Shri D.V. Sadananda Gowda, MoS (C&F) Mansukh Mandaviya, Principal Secretary to PM, Dr V K Paul Member (H) NITI Aayog, Cabinet Secretary, Union Health Secretary, Union Pharmaceutical Secretary, Dr Balram Bharagava, DG ICMR, amongst other officers from Ministries / Departments of Central Government.