Modi: The world is looking at India as a manufacturing powerhouse

Modi: The world is looking at India as a manufacturing powerhouse

04 March 2022, Mumbai:

The Prime Minister, Narendra Modi, today addressed post-budget webinar organized by The Department for Promotion of Industry and Internal Trade (DPIIT).

This is the eighth post-budget webinar addressed by the Prime Minister. Theme of the webinar was 'Make in India for the World'. The Prime Minister said that the budget has many significant provisions for Aatmnirbhar Bharat and Make in India.

He said that it is not acceptable that a country like India ends up merely as a market. He pointed towards supply chain disruptions during the pandemic and other uncertainties to underline the critical importance of Make in India.

On the other hand, the Prime Minister continued, positive factors like demographic dividend of young and talented population, democratic setup, natural resources should also encourage us to move towards Make in India with determination.

He also referred to his call for zero defect-zero effect manufacturing that he gave for the ramparts of Red Fort. Aatmnirbharta is all the more important if we see from the prism of national security, he said. The Prime Minister said, that the world is looking at India as a manufacturing powerhouse.

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Manufacturing, he said, is the 15 per cent of India’s GDP, but there are infinite possibilities before Make in India and we should work with full strength to create a robust manufacturing base in India, he said.

The Prime Minister gave examples of new demand and opportunities in sectors like semiconductors and Electric Vehicles where manufacturers should move with a sense of removing dependencies on foreign sources.

Similarly, areas like steel and medical equipment need to be focussed on indigenous manufacturing, he said. The Prime Minister stressed the difference between the availability of a product as opposed to the availability of made-in-India products in the market.

He reiterated his dismay that many of the supplies for India’s various festivals are seeing foreign providers whereas they have been and can be easily provided by local manufacturers. He also emphasized that the ambit of ‘Vocal for Local’ goes well beyond buying ‘diyas’ on Diwali.

He asked the private sector to push the factors of vocal for local and Aatmnirbhar Bharat in their marketing and branding efforts. “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.


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