PM Modi mentioned that the worldwide narrative towards India has changed from ‘why India’ to ‘why not India’. (File image)
Prime Minister Narendra Modi delivering the keynote address at the Assocham Foundation Week 2020 on Saturday mentioned that the nation desires to boost investment in the analysis and improvement activities in its ambitions towards becoming Atmanirbhar. In his address through video conferencing, wherein he also felicitated Tata Sons Chairman Emeritus Ratan Tata with Assocham Enterprise of the Century Award in recognition of Tata Group’s achievements, PM Modi mentioned “There is another aspect of investment that needs to be discussed. It is investments to be made on R&D. There is a need to enhance investment in Investment in R&D in India.”
Stressing on the government’s concentrate on enhancing and advertising reforms, PM Modi added that the nation is getting a particular concentrate on manufacturing to develop into self-reliant by relying on its strengths and sources. “New India, by relying on its strength, relying on its own resources, is pushing forward a self-sufficient India. And we have a special focus on manufacturing to achieve this goal. We are continuously doing reforms to promote manufacturing.” Assocham is hosting the 5-day virtual occasion involving a number of sessions discussing its central theme — Aatmanirbhar roadmap towards a $5 trillion economy.
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India’s manufacturing activity through November was at a 3-month low even as it substantially expanded. The manufacturing PMI stood at 56.3 vis-à-vis 58.9 in October, as per the IHS Markit report. The development was led by customer goods– the only sector that saw a stronger price of boost, the report had mentioned.
PM Modi added that the worldwide narrative towards India has changed from ‘why India’ to ‘why not India’ due to the influence of the reforms undertaken in the nation. “Our challenge isn’t only being Atmanirbhar. How early we could achieve that vision is equally important.” Modi also urged India Inc to aggressively work towards assisting the government attain the self-reliance vision as the “coming 27 years will be critical not only to decide India’s global role but would also test the dreams and dedications of Indians”