Need to focus on “Make In India”, produce durable and quality products: PM Modi


New Delhi: Prime Minister Narendra Modi said on Thursday that the world sees India as a manufacturing powerhouse.

Speaking at a post-budget webinar on “Make in India for the World”, he pointed out that the decisions taken for the “Aatmanirbhar Bharat” campaign and Make In India in this year’s Union budget are very crucial for industry.

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“We need to focus on ‘Made in India’, we need to produce quality and durable products. We need to become self-sufficient in semiconductor production. ‘Made in India’ is the demand of the times,” said said Prime Minister Modi, as quoted by ANI.

He mentioned how the coronavirus pandemic has shaken the global economy, disrupting supply chains across the globe, “this makes Make In India much more relevant and important.”

“Today, the world sees India as a manufacturing powerhouse. Our manufacturing sector accounts for almost 15% of our GDP, but there are endless possibilities with Make In India. We must work to build a strong manufacturing base in the countries – in sync with all stakeholders,” the Prime Minister stressed.

He also said India needs to work on both export and domestic needs, stressing that manufacturers need to focus on product quality and environmental impact.

“Our products should have no defects – in a competitive world, quality matters. The world is environmentally conscious, and therefore our products should have no effect on the environment,” he said.

Prime Minister Modi called on manufacturers to take a futuristic research-based approach, saying: “Just buying terracotta ‘diyas’ on Deepawali is not ‘vocal for local’, we have to think big. “Domestic manufacturers need to maintain global standards. We need a futuristic research-based approach.”

“The branding of our indigenous products should also highlight the ‘Made in India’ and ‘Vocal for Local’ traits. This will help the sales of our products,” he added.

Special focus on strengthening MSMEs: PM Modi on 2022 budget

During the webinar, the Prime Minister mentioned that the government has given particular attention to strengthening MSMEs in this year’s budget.

“In this budget, we have given special attention to strengthening MSMEs with credit facilitation and technology upgrading. The government has announced a new program worth Rs 6,000 crore for MSMEs. Rail logistics products will also be developed for farmers and large industries,” he said.

He also said that several LIP programs are in the implementation stage, “they will promote manufacturing in all sectors.”

“Last year, we removed more than 25,000 compliances. Automatic license renewal was also launched. These measures have contributed to the speed and transparency of the regulatory framework,” Prime Minister Modi added.

Union Trade and Industry Minister Piyush Goyal is also participating in the virtual session.

Previously, the Prime Minister participated in similar webinars held for the defence, education, rural development, health and agriculture sectors. The webinars focus on the successful implementation of the 2022-2023 budget.

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