New Delhi: PM Narendra Modi on Monday asked the industrial captain to improve, take risks and compete with the best in the industry, while ensuring them that the government will fully support Indian companies.
During a pre-budget consultation covered with top executives from the corporate sector, Modi suggested that five Indian companies must be part of the top 20 global companies in each sector.
“He said that the corporate sector had to invest more in areas such as agricultural and food processing, and talked about focusing on natural agriculture.
He underlined the consistency of government policy, and said the government was committed to taking initiatives that would provide an impulse for economic progress The country.
He also talked about the focus of the government towards reducing compliance burden, and seeking suggestions about regions where individual compliance needs to be eliminated, “the official statement said.
It was also said that Modi urged the Indian industry to take full advantage of government schemes such as incentives related to performance.
“The message is very clear that while the government can support, you are people who have to go there, reach, and do,” said Preha Reddy, Vicechairperson at Apollo Hospitals Group.
Mallika Srinivasan, who led TAFE, said the whole interulation with PM was about how we brought India ahead.
Maruti Suzuki India MD and CEO Kenichi Ayukawa said the industry was fully committed to contributing to its great vision by making India Hub manufacturing.
Mahindra Bank Box Deputy Chairperson of Uday Box said, “Time has come for Indian business, Indian industry, banking and the Indian financial sector to think about scale, without fear.
India’s banking and finance are there to support the industry in Sidi – namely sustainability, inclusion , digital and infrastructure.
We will grow, we will make India happen.
“After the meeting with private equity and the representatives of the Ventura Capital Sector last week, this is the second set of pre-budget discussions carried out by PM, with Minister of Finance Nirmala Sitharaman also met with Stakeholders from several sectors.
Movi Monday dialogue with CEO companies from banking, infrastructure, cars, telecommunications, consumer goods, textiles, renewable energy, hospitality, health technology, space and electronic sectors, government sources said.
“Since the launch of the Indian Startup in 2016, there are now 79 Unicorns and this number will rise quickly.
PM says how India must be among the top five in entrepreneurship and startup, and every sector,” said the founder of Oyo and CEO of Ritesh Agarwal.