Industry sentiment shifts from ‘Why India’ to ‘Why not India’

Prime Minister Narendra Modi

Team News Riveting

New Delhi, December 19

Prime Minister Narendra Modi said that the reforms in the country had influenced in changing the sentiment of the industry from ‘Why India’ to ‘Why not India’ in investing.

Delivering the keynote address at ASSOCHAM Foundation Week 2020, today via video conferencing, Modi said that New India, by relying on its strength, relying on its own resources, was pushing forward for AtmaNirbhar Bharat and special focus was on manufacturing to achieve this goal.

He said reforms were continuously being undertaken to promote manufacturing in India.

“We are moving forward on the mission mode to make local a global one; we have to react quickly to every Geopolitical Development,” he added. Stressing on the need to have an effective mechanism for how India would meet any sudden demand in the global supply chain, he said the need of the hour was to achieve better synergy between industry organizations such ASSOCHAM with the Ministry of External Affairs, Commerce & Trade to achieve the goal.

He asked the industry for suggestions and ideas on how to react quickly to Global Transformations and how to have better mechanisms for faster response.

The Prime Minister said India was also capable of helping the world while meeting its needs. Even during the period of Corona, India had taken the responsibility of Pharmacy of the world and delivered essential medicines around the world. Now even in the case of vaccines, India would fulfil its needs and also meet the expectations of many countries.

He urged Members of Assocham to provide a global platform for showcasing the products of rural artisans. He said this would help in bridging the rural urban divide. He stressed the need for the Government of India to work together with State Governments, Farm Organizations and industry associations for better promotion of our organic farm products, better infrastructure and better market. This would help our entire rural economy reach a new high.

The Prime Minister also presented the ‘ASSOCHAM Enterprise of the Century Award’ to Shri Ratan Tata, who received the award on behalf of the TATA Group.

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