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Market: States told to attract global companies

Fiinews by Fiinews
December 30, 2025
in Markets
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NMM to be launched soon

Every State must give this top priority and create infrastructure to attract global companies as the government is set to soon launch National Manufacturing Mission (NMM), Prime Minister Narendra Modi has told the country’s top administrators.

Addressing the 5th National Conference of Chief Secretaries in Delhi on 28 Dec, he said the NMM will include Ease of Doing Business, especially with respect to land, utilities and social infrastructure http://commerce.gov.in.

PM Modi also encouraged the states to boost manufacturing, especially the ‘Ease of Doing Business’ and strengthen the services sector.

In the services sector, PM Modi said that there should be greater emphasis on other areas like healthcare, education, transport, tourism, professional services, AI, etc. to make India a Global Services Giant.

The three-day Conference was held in Delhi from 26 to 28 Dec 2025.

He emphasized, “As India aspires to be the food basket of the world, we need to shift to high value agriculture, dairy, fisheries, with a focus on exports https://fieo.org/.”

He pointed out that the PM Dhan Dhanya Scheme has identified 100 districts with lower productivity. Similarly, in learning outcomes States must identify the lowest 100 districts and must work on addressing the issues around the low indicators.

The Prime Minister noted that the Conference reflects India’s tradition of collective thinking and constructive policy dialogue, and that the Chief Secretaries Conference, institutionalised by the Government of India, has become an effective platform for collective deliberation https://www.nseindia.com/.

PM Modi also said that all States and UTs must prepare capacity building plan along with the Capacity Building Commission. He said that use of Al in governance and awareness on cyber security is need of the hour. States and Centre have to put emphasis on cyber security for the security of every citizen.

He said that the technology can provide secure and stable solutions through our entire life cycle. “There is a need to utilise technology to bring about quality in governance https://www.bseindia.com/.”

In the conclusion, the Prime Minister said that every State must create 10-year actionable plans based on the discussions of this Conference with 1-, 2-, 5- and 10-year target timelines wherein technology can be utilised for regular monitoring.

The Conference featured a series of special sessions that enabled focused deliberations on cross-cutting and emerging priorities. These sessions examined policy pathways and best practices on Deregulation in States, Technology in Governance: Opportunities, Risks & Mitigation; AgriStack for Smart Supply Chain & Market Linkages; One State, One World Class Tourist Destination; Aatmanirbhar Bharat & Swadeshi; and Plans for a post-Left Wing Extremism future.

The discussions highlighted the importance of cooperative federalism, replication of successful State-level initiatives and time-bound implementation to translate deliberations into measurable outcomes https://sbi.com.in/.

Prime Minister emphasised that Human Capital comprising knowledge, skills, health and capabilities is the fundamental driver of economic growth and social progress and must be developed through a coordinated Whole-of-Government approach https://www.conexpoconagg.com/.

Prime Minister said that India has boarded the “Reform Express”, driven primarily by the strength of its young population, and empowering this demographic remains the government’s key priority. Prime Minister noted that the Conference is being held at a time when the country is witnessing next-generation reforms and moving steadily towards becoming a major global economic power.

Prime Minister emphasised the need to map skill demand at the State and global levels to better design skill development strategies. In higher education too, he suggested that there is a need for academia and industry to work together to create high quality talent https://www.makeinindia.com/home/.

For livelihoods of youth, Prime Minister observed that tourism can play a huge role. He highlighted that India has a rich heritage and history with a potential to be among the top global tourist destinations. He urged the States to prepare a roadmap for creating at least one global level tourist destination and nourishing an entire tourist ecosystem. Fiinews.com

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