New Delhi: Prime Minister Narendra Modi on Wednesday discussed the Confederation of the Indian Industrial Annual Meeting (CII) for 2021 and said that the government was ready to take every risk for the interests of the nation.
He stressed that central reform was expelled from confidence and not coercion.
Overcoming industry leaders through video conferencing, PM convinced that the government led by industry and great responsibility for the success of India’s relatively independent campaign to them.
The Event – Themed ‘India @ 75: Government and business work together for Aatmanirbhar Bharat’ – see the participation of many ministers, senior officials, academics and leading representatives of India Industry.
Here is the top quote from the mode address: ‘Reformation driven by beliefs’ * We took some brave decisions, announced a lot of reforms and continued to make new reforms even during a pandemic.
This country has been established with all the announcements.
* For example, commercial coal mining has begun, new reforms have been carried out in the defense, space and atomic sectors have been opened for the private sector among several.
* In recent years, changes that have occurred have been witnessed by everyone.
* Our government is ready to take the biggest risk for the sake of the nation.
GST was stuck over the years just because those who previously could not gather the courage to take political risks.
We not only apply GST but today we witnessed Collect GST Collection.
* Recently, we decided to memo retrospective tax praised by the industry.
This will strengthen the bond between government and industry.
‘Economic activity takes steps’ * Some steps taken by the government have led to recording FDI in India.
We also make new notes on FPI and Forex Reserve are at the highest point of all time.
* We have also seen reports related to recruiting recruits in the IT sector.
This is the result of digitization and demand growth in this country.
* In such situations, our efforts are that we use this opportunity, move towards our destination at double speed.
‘Preferences to be made in Indian products’ * There are times when we first thought that anything foreign was better.
What is the result of this psychology, industrial veterans like you understand very well.
* Even our own brand, which we wake up after years of work hard, promoted under foreign names.
* However, today Indian sentiments are with products made in India.
* It is not necessary that the company must be Indians, but today every Indian wants to adopt products made in India.
‘The role of an important industry for growth’ * All friends and organizations in the industry are the main part of the story of India’s growth.
* This country witnesses the strengthening of cooperation between the government and the industry, which encourages economic growth.
* This is the result of this country’s faith in our industry that today the ease of doing business increases, and the ease of life increases.
The changes made in the company act are a big example of this.
* India takes a big leap in ease of ranking business and foreign investment flowing in.
‘Strong startup ecosystem’ * Starting in the country shows confidence.
Some unicorns become nation’s image.
About 7-8 years ago, India may only have 3-4 unicorns.
* Today, nearly 60 unicorns in India.
Of these 60, 21 of them have been developed in recent months.
* Today, when Indian youth entered the labor market, they did not hesitate.
They want to work hard, they want to take risks, they want to bring results.
Modi said that CII’s meeting was underway at the atmosphere of India was that if celebrating the 75th Independence Day, in the midst of Amrit Mahotsiv of Azadi.
This is a great opportunity, for new resolutions, for the new purpose of the Indian industry.
The government reforms from belief, not coercion: sm
