The Prime Minister, Shri Narendra Modi, today launched the Make in India
initiative with an aim to give the Indian economy global recognition.
Addressing a gathering consisting of top global CEOs at the event in
Vigyan Bhawan in the capital, the Prime Minister said "FDI" should be
understood as "First Develop India" along with "Foreign Direct
Investment." He urged investors not to look at India merely as a market,
but instead see it as an opportunity.
The Prime Minister said it is important for the purchasing power of the
common man to increase, as this would further boost demand, and hence
spur development, in addition to benefiting investors. The faster people
are pulled out of poverty and brought into the middle class, the more
opportunity will there be for global business, the Prime Minister said.
Therefore, he said, investors from abroad need to create jobs. Cost
effective manufacturing and a handsome buyer - one who has purchasing
power - are both required, the
Prime Minister said. More employment means more purchasing power, he
added.
The Prime Minister said that India is the only country in the world
which offers the unique combination of democracy, demography, and
demand. He said the new Government was taking initiatives for skill
development to ensure that skilled manpower was available for
manufacturing. He also referred to the Digital India mission, saying
this would ensure that Government processes remained in tune with
corporate processes.
The Prime Minister said he had felt a mood of gloom among India's
business community in the last few years, due to lack of clarity on
policy issues. He said he had heard even Indian businessmen say that
they would leave India and set up business elsewhere. The Prime Minister
said this hurt him, and added that no Indian business should feel a
compulsion to leave the country under any circumstances. He said on the
basis of the experience of the last few months, he could say that the
gloom has lifted.
The Prime Minister gave the example of the new Government's initiative
on self-certification of documents, and said this was illustrative of
how the new Government trusted the citizens. The Prime Minister said
trust is essential for investors to feel secure. Let us begin with
trust; if there is an issue, Government can intervene, he said. The
Prime Minister said trust too can be a transformative force.
Shri Narendra Modi said development and growth-oriented employment is
the government`s responsibility.
The Prime Minister noted that India ranks low on the "ease of doing
business" and added that he has sensitized Government officials in this
regard. He also emphasized the need for "effective" governance.
To the expression "Look East," the Prime Minister added "Link West", and
said a global vision was essential. He said Mission Swachh Bharat and
"waste to wealth" could lead to good revenue models for business as
well. He referred to his vision of waste water management and solid
waste management in 500 towns across India through public private
partnership.
The Prime Minister also spoke of infrastructure of the future -
including i-ways besides highways - and mentioned port led development,
optical fibre networks, gas grids and water grids.
The Prime Minister also unveiled the Make in India logo, and launched
the website- makeinindia.com
Mantra of our Government is that we want to trust each and every India.
The atmosphere of trust can change a lot of things: PM Modi
- PMO India (@PMOIndia) September 25, 2014
We have to increase manufacturing and at the same time ensure that the
benefits reach the youth of our nation: PM @narendramodi
- PMO India (@PMOIndia) September 25, 2014
Industry does not come when there are too many incentive schemes. We
have to create a development & growth oriented environment: PM
- PMO India (@PMOIndia) September 25, 2014
The world is looking at Asia. I do not have to waste time to invite.I
need to give the address: PM @narendramodi
- PMO India (@PMOIndia) September 25, 2014
