Step up manufacturing in India to boost job openings : PM Modi
New Delhi : Prime Minister Narendra Modi called for stepping up manufacturing in India to increase job openings. Prime Minister Narendra Modi was speaking while addressing a webinar on the production-linked incentives scheme on Friday.
the Prime Minister said, “We need to increase our speed and scale in the manufacturing sector. As well as that, we need to take big steps. Manufacturing transforms every segment of economy. After Covid’s experience, I am convinced that it’s India’s responsibility to move fast in this direction.”
Pm Modi while speaking about the production-linked incentive (PLI) scheme that is aimed at expanding domestic manufacturing and boosting exports, said that 13 sectors, including telecom, auto and pharma, will benefit from it.
Union Budget & country's policy-making shouldn't just be restricted to a govt process. Every stakeholder associated with development of the country should have an effective engagement in it: Prime Minister Narendra Modi during a webinar on the Production Linked Incentives scheme pic.twitter.com/7Uw9JgCff2
— ANI (@ANI) March 5, 2021
The Prime Minister added, “Provisions worth around Rs 2 lakh crore for the PLI scheme has been made. The scheme for textile and food processing will also help the entire agriculture sector.”
The central government had introduced the PLI scheme in March last year in order to boost domestic manufacturing and cut down on import bills. The PLI scheme aims to give companies incentives on incremental sales from products manufactured in domestic units. The scheme also aims to encourage local companies to set up or expand existing manufacturing units apart from inviting foreign companies to set shop in India.
PM Modi while asking all stakeholders to play an active role in developing the country, said that the Union Budget and country’s policy making should not be restricted to a government process. He added, “Every stakeholder associated with development of the country should have an effective engagement in it.”
Prime Minister reiterated his commitment towards an “Atmanirbhar Bharat” and said that following discussions with people from various industries and after taking in their recommendations, the Centre has decided that it was the correct time to help Indian companies become globally competitive.
“Our government is bringing back-to-back reforms in this field. Our policy and strategy are clear. We believe in minimum government and maximum governance. Our expectation is zero effect, zero defect. To make our companies globally competitive, we will have to strive day in and day out,” Modi added.
