Calling India’s private sector a strong medium for creating Viksit Bharat, Prime Minister Narendra Modi on Tuesday said domestic industry should not miss the golden opportunity when the world is looking to invest in India.
Addressing a post-Budget event organised by industry body CII, Modi said that wealth creators are the main driving force of India’s growth story. He said India’s policies, commitment, determination, decisions and investments are becoming the basis of global progress.
“Today, the whole world is looking at India and you. Investors across the world are keen to come to India. World leaders are filled with positivity for India. This is the golden chance for the Indian industry and we should not lose this opportunity,” Modi said.
The government is highly focused on skill development and employment keeping in mind Industry 4.0 standards, Modi said. The government programmes like Mudra Yojna, Startup India and Stand-Up India campaigns have helped more than eight crore people to start new businesses.
India is home to over 1,40,000 start-ups employing lakhs of youth. Referring to the Rs 2 trillion package in this year’s budget, the Prime Minister said that it will benefit more than four crore youth.
The Internship scheme introduced to enhance skill and exposure for the youth, thereby boosting their chances of employment, while at the same time incentivizing those generating employment on a large scale, he said.
Highlighting that opportunities are being created, especially in the sunrise sectors as India is on the onset of becoming the third-largest economy in the world, the Prime Minister expressed the need to make a name in the Semiconductor value chain to play a crucial role in the future.
He also touched upon encouraging electronics manufacturing, especially during the present era of mobile manufacturing revolution. He drew parallels in how India transformed into a top mobile manufacturer and exporter from being an importer in the past.
Modi also mentioned a road map for green jobs sector in India, boosting green hydrogen and e-vehicles industries. Noting that the clean energy initiatives in this year’s budget are being highly discussed, the Prime Minister said that in today’s era, both energy security and energy transition are equally important for the economy and ecology.
Highlighting the growing interest in India among global investors in India, Modi last week asked state chief ministers to create investor-friendly charters, bringing clarity in investment policies and creating a conducive atmosphere for investment. He made the call to the CMs in the Governing Council meeting of Niti Aayog on Saturday.