PM Modi lauds his government at the Make in India Week event.
Prime Minister Narendra Modi has kickstarted 'Make in India Week' in Mumbai on Saturday at MMRDA grounds in Bandra-Kurla complex, a flagship event designed to impart greater momentum to the initiative to boost the manufacturing sector in the country. While addressing the audience he said that 65% of Indian population is under age of 35 and they are the greatest strength of the country.
He further said that 'Make in India' is an easy place to do business. "Our FDI inflow has gone by 48% since the day my government came into office," he added.
Showing his confidence in growth in Indian economy PM Modi said, "We will end this fiscal year with well over 7 % growth in GDP."
"We have made our systems cleaner, simpler, proactive and business-friendly." he added.
During the event, PM Modi released a book in Mumbai. Talking to the investors and delegates he said, "I encourage all of you to see for yourself the direction India is taking."
He lays emphasis on ease of doing business wherein he says the government has taken decisive steps in manufacturing sector.
Talking about renewable energy PM Modi said, "This year we will record highest ever coal production." He further added that the production of natural resources has gone up and transparency provides level field for everyone.
Talking further on patent regime he said, "The formation of Company law tribunal is at the final stage and soon we shall be put in place an effective IPR policy."
"Momentum of 'Make in India' campaign has given us confidence, this motivates us to make our policy & process easier," PM Modi added.
Calling India as the land of immense opportunity, he said the country is blessed with 3 Ds- Democracy, Demography and demand and added another D- "Deregulation".
He further said that India's manufacturing sector is expected to be 12.6% in the current quarter.
"We have recorded the highest level of production of motor vehicles in 2015," he added.
He also gave the industry some friendly advice and said, "Do not wait, Do not relax, there is immense opportunity in India."
Calling this century as Asia's century, he said, "My advice to you is 'Make India your centre if you want this century to be your century'." He urged investors and invited everyone to be a part of India's unfolding story.
"This is the best time ever to be in India and even better to #MakeinIndia."
Digital and skill India have been designed for people to take part in these processes."We have developed financial schemes to enable people with financing. We are giving loans through mudra without collateral. Have told banks to give loans to small entrepreneurs, women."
He said, "Today our entrepreneurs and industry is much more confident despite global uncertainty."
He further said that manufacturing is up, pmi is up, electronic manufacturing has grown 6 fold to 18 million. 50 new phone manufacturing units are being set up in India.
"Monster job index was at 259 in January 2016, which is up 52% from Jan last year. Maximum software export was recorded last year."
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 "PM Narendra Modi")
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