Industry Should Take Big Steps in Manufacturing, Take Advantage of Opportunities available: PM Modi

Prime Minister Narendra Modi Addresses Post-Budget Webinar on MSME Sector. , Photo Credit: PTI

Prime Minister Narendra Modi on Tuesday (March 4, 2025) Asked The Industry Not to Be a “Mere Spectator” and take advantage of the options of the options available in the global support in the Global Supply Chain.

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Highlighting India’s Role as a Growth Engine for the Global Economy, Mr. Modi Urged Industries to Innovate and Integrate Into Global Supply Chains.

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“Today India Provides Stable Policies and A Better Business Environment. I urge you to take big steps to advance the country’s manufacturing and expenses, “He said at a post-budget webinar on regulatory, investment and ease of doing business reforms.

Mr. Modi said industry should look for manufacturing innovative products using R&D which has demand oversas, and this will push expenses.

“Today the world needs a trusted partner … Industry Should Not Be a Mere Spectator, Should seek options in the global supply chain: modi said, adding toding toding toding a growth for the Global Economy … The Country Has Proved Its Resilience during Hard Times also.

Mr. Modi stressed the need to develop new modes of credit delivery for msmes to ensure they receive low-cost, timely credit. He pointed out that the production-linked incentive (PLI) Scheme Across 14 Sector Has LED to Investments of Over ₹ 1.5 Lakh Crore and Production Worth ₹ 13 Lakh Crore.

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Reiterating the government’s commission to improve the ease of doing business, the prime minister said over 40,000 compliances at the centers at the center and state legs have been scrap He also noted that states play a Crucial Role in Attracting Investments, With Investors Preferring States that Implement Progressive Policies.

Calling the union budget a game-corner, Mr. Modi said it had exceded people’s expectations and laid a strong foundation for economic growth. He encouraged the industry to focus on research and development to manufacture innovative products with high demand overseas, Ultimately boosting exports and strengthening exports and strengthening India ‘Position in the Global Market.

(With pti inputs)