: Govt carrying out reforms across sectors from manufacturing to MSME, agriculture to infrastructure: PM at FICCI AGM #FinanceIndia #StockMarketNEWS Govt carrying out reforms across sectors from manufacturing

@StockMarketNEWS Sat 12 Dec, 2020

Posted in: #FinanceIndia #StockMarketNEWS

Govt carrying out reforms across sectors from manufacturing to MSME, agriculture to infrastructure: PM at FICCI AGM #FinanceIndia #StockMarketNEWS
Govt carrying out reforms across sectors from manufacturing to MSME, agriculture to infrastructure: PM at FICCI AGM New Delhi, Dec 12 (KNN)The Indian private sector not only meeting the domestic needs but also establishing strong brand India globally, the Prime Minister, Narendra Modi said on Friday.

The Prime Minister delivered the inaugural address at FICCI’s 93rd Annual General Meeting and Annual Convention today via video conferencing. Commitment of every citizen towards Aatmnirbhar Bharat is an example of the country’s faith in its private sector, he said.

The Prime Minister said that in life as well as governance, a confident person never hesitates in giving space to others. A strong government, backed by massive mandate exudes that confidence and dedication. A decisive government always strives to remove obstacles for others and always tries to contribute towards the society and the nation. Such a government doesn’t want to hog the control and initiative.

He recalled the time when government was in all the sectors and described the ruin brought about this approach on the economy. A visionary and decisive government, on the other hand, encourages all the stakeholders to realize their potential.

He pointed out that in the last six years, the government is encouraging stakeholders in all sector. This is reflected in the all-round reforms in sectors ranging from manufacturing to MSME; agriculture to infrastructure; from tech industry to taxation and from real estate to regulatory easing, he added.

The Prime Minister told the gathering that our industry needs bridges not walls. By removing the walls separating various sectors of the economy there will be new opportunities for everyone, especially the farmers who will get new options. Investment in technology, cold storage and the agri-sector will benefit farmers.

The Prime Minister called for investing energy in finding ways to make agriculture, service, manufacturing and social sectors complement each other. Organization like FICCI can be both bridge and inspiration in this endeavour. We should work with a goal to strengthen the local value and supply chain and how to expand India’s role in global supply chain. “India has market, manpower and also the capability to work in mission mode”, He said.

The Prime Minister cited success of financial inclusion through the trinity of J-A-M (JanDhan, Aadhar and Mobile) as the best example of planned and integrated approach to reform under this Government. This, the world’s largest Direct Benefit Transfer system, came in for praise when the country could transfer money in the crores of accounts through a click of button during the pandemic time.