PM Modi says India stands as a beacon of growth
Prime Minister Narendra Modi said the investment-ready industrial parks announced in the Budget near 100 cities of the country are expected to become the new hubs of Viksit Bharat fieo .
The simplification of FDI rules in various sectors along with multimodal logistics parks, and PLI schemes for 14 sectors, are helping India become a global manufacturing hub, he said at the post-budget conference held by CII on 30 July 2024.
Updating industry stalwarts, the Prime Minister said his government has addressed the challenges faced by MSMEs along with providing them with the required facilities.
Launch of the Credit Guarantee Scheme for MSMEs announced in the budget will boost competitiveness of the sector, he stressed bse .
He also called upon the industry and entrepreneurs to increasingly partake in the opportunities presented by the sunrise sectors such as Semiconductors, Electronics manufacturing, and Green Jobs sector among others nse .
Referring to the work being done on small nuclear reactors, the Prime Minister said that it will not only benefit the industry in the form of energy access, but the entire supply chain related to this sector will also get new business opportunities meity.
“The strong macroeconomic fundamentals of the Indian economy make us confident that it will indeed become a developed nation by 2047,” highlighted Modi at the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25’ Conference sbi .
The Conference outlined the Government’s larger vision for growth and industry’s role in this endeavour .
Amidst a challenging global environment, with many uncertainties, India stands as a beacon of growth and stability, continuing to remain a ‘High Growth, Low Inflation’ country, underlined the Prime Minister.
“On the global stage, India’s fiscal prudence has become a role model for the rest of the world,” he pointed out, reiterating that the Government’s continued focus on improving the quality of life for its citizens by promoting ease of living measures rbi .
Focus on skill development and employment along with Industry 4.0 are the other critical focus areas of the present government, he stated.
The PM Package announced in the Budget aims to make India’s manpower and products globally competitive in terms of quality and value, he added. fiinews.com
