PM Narendra Modi emphasises on working hard to make manufacturing in India globally competitive

PM Narendra Modi emphasises on working hard to make manufacturing in India globally competitive

New Delhi: Prime Minister Narendra Modi addressed and interacted with the captains of India Inc. on Friday (March 5). PM Narendra Modi deliberated on various production-linked incentive (PLI) schemes. PM Narendra Modi said that the government has taken various steps to boost trade and industry in the Union Budget for FY 2021.

PM Narendra Modi said that the increased manufacturing capacity results in increased job opportunities and the government has taken reforming measures to boost manufacturing. He stressed the fact that speed and scale have to be increased in order to boost manufacturing. While talking about domestic manufacturing he said “We need to work together to bring production cost, quality and efficiency at par with international benchmarks”.

Prime Minister Narendra Modi laid emphasis on working hard to make manufacturing in India globally competitive and said that the government`s thinking is “minimum government, maximum governance”. “Manufacturing transforms every aspect of the economy, creating an ecosystem. Increasing manufacturing capabilities increases employment generation. We have examples from all over the world where countries have accelerated the development of the country by increasing their manufacturing capacities,” he added.

He added by saying that “India wants to work with the same approach. Thus, our government has brought one reform after another in this sector. Our policy and strategy are clear in every way. Our thinking is – ‘minimum government, maximum governance’. And we expect ‘zero effect, zero defect”.

News Source: Zee News

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