Prime Minister Narendra Modi today pitched for “Make in India for the World” while addressing a post-budget webinar organized by the Department for Promotion of Industry and Internal Trade (DPIIT).
The Prime Minister said that the budget has many significant provisions for Aatmnirbhar Bharat and Make in India.
Saying 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.
The Prime Minister said that 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.
Zero Defect Zero Effect Manufacturing
The PM 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.
He said, that the world is looking at India as a manufacturing powerhouse. Manufacturing, he said, is 15 percent 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.
New Demand Opportunities
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.
Vocal for Local
The PM 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.
The Prime Minister highlighted the need to find new destinations for the local products. He exhorted the private sector to enhance spending on R&D and to diversify and upgrade their product portfolio.
International Year of Millets
Referring to the declaration of 2023 as the International Year of Millets, the Prime Minister said “The demand for millets is increasing in the world. By studying the world markets, we should prepare our mills in advance for maximum production and packaging.”
The Prime Minister mentioned new possibilities due to the opening up of areas like mining, coal, and defense, the Prime Minister asked the participants to prepare a new strategy. “You will have to maintain global standards and you will also have to compete globally”, he said.
Credit Facilitation and Technology Upgradation
This budget has given significant importance to MSME through credit facilitation and technology upgradation. The government has also announced a RAMP program of Rs 6,000 crore for MSMEs.
The budget has also focused on developing new railway logistics products for farmers, large industries, and MSMEs. The integration of postal and railway networks will solve the problems of connectivity in small enterprises and remote areas.
He said that the regional manufacturing ecosystem can be strengthened by using the model of PM DevINE which has been announced for the North-East Region. Similarly, reforms in Special Economic Zone Act will provide a boost for the exports.
Shri Modi also elaborated on the impact of the reforms. He said that in PLI for large-scale electronics manufacturing, the target of 1 lakh crore rupees worth of production was achieved in December 2021. Many other PLI schemes are in the important stages of implementation.
Importance of Digitalization
The Prime Minister mentioned the removal of 25 thousand compliances and auto-renewal of licenses, leading to a significant reduction in the compliance burden. Similarly, Digitalization is bring speed and transparency to the regulatory framework.
“From Common Spice Form to National Single Window System to set up a company, now you are feeling our development-friendly approach at every step”, he added.
The Prime Minister called upon the captains of manufacturing to pick up some areas and work to remove foreign dependence in that.
He reiterated that such webinars are unprecedented governance steps to include stakeholder voices in the policy implementation and developing a collaborative approach for proper, timely, and seamless implementation of the budget provisions for better outcomes.