Make in India need of the hour, says PM Modi, urges lower import dependence
While addressing the post-Budget webinar organized by the Department for Promotion of Industry and Internal Trade (DPIIT) on ‘Make in India for the World‘, Prime Minister Narendra Modi called for “zero defect, zero effect on the environment”, besides saying ‘Aatmanirbharta‘ or self-sufficiency is all the more important from the national security point of view.
He said that the budget for FY23 had many significant provisions towards ‘Aatmanirbhar Bharat’ and ‘Make in India’ initiatives. PM Modi, while giving examples of new demand and opportunities in sectors like semiconductors and electric vehicles, said manufacturers should move with a sense of removing dependencies on foreign sources. Similarly, areas like steel and medical equipment need to be focused on indigenous manufacturing.
He said that “Today, the world is looking at India as a manufacturing powerhouse. Manufacturing is 15 percent of India’s GDP, but there are infinite possibilities and the country should work with full strength to create a robust manufacturing base in India.”
Further, he said many of India’s festival requirements which are currently sourced from foreign providers can be easily provided by local manufacturers. “Take pride in the products your company makes and instill this sense of pride in your Indian customers as well. For this some common branding can also be considered”, he added.
While referring to the declaration of 2023 as the International Year of Millets, the Prime Minister said: “The demand for millets is increasing in the world. By studying the world markets, we should prepare our mills in advance for maximum production and packaging.”
The Prime Minister also said that during the COVID-19 pandemic, the supply chain across the world was “destroyed, shaking the global economy. This makes ‘Make in India’ far more relevant and important,” he added.
Urging people to focus on the government’s initiative, the Prime Minister said that ‘Make in India’ brings “infinite opportunities”. Our country has been blessed with manpower and resources that will significantly help in achieving our goals, he said.
India has undergone a “massive technological revolution” in the last few years, the Prime Minister said, adding that keeping the development goals of the country in mind, “Make in India’ is not only a possibility but a necessity for us.
Noting the rise in the interest of people in electric vehicles, he said, “Indian manufacturers can take a leading role in this sector. We’re dependent on imports for some varieties of steel. Why can we not manufacture it ourselves from the iron ore we export?”
PM Modi also urged the manufacturers to reduce the import of medical equipment. He said, “Medical equipment, too, is being imported by India. I believe we can make them in our country. We must provide indigenous options to our people, who will feel proud in buying Made in India products.”
[With Inputs from IANS]
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