The Prime Minister delivered the
inaugural address at the 125th Annual
Session of Confederation of Indian Industries (CII) through video conference today.
The theme of this year’s annual conference is “Building India for a New World :
Lives, livelihood, growth”
on the occasion, Prime Minister, Narendra Modi said such online events are becoming
the new normal due to corona. This is also the biggest strength of human beings
that makes a way out of every difficulty, he added. He said, “On the one hand,
we have to take strict steps to fight this virus and save the lives of the
countrymen and on the other hand we have to stabilize the economy and speed it
Referring to the theme of this year’s
annual session, the Prime Minister praised the Indian industry for starting the
discussion of “Getting Growth Back”. He urged the industry to go
beyond it and said “Yes! We will definitely get our growth back.” He said that
his trust in India’s Capabilities and Crisis Management, in India’s Talent and
Technology, in its Innovation and Intellect of India, in the Farmers of India,
MSME’s, Entrepreneurs makes him confident about getting the growth back.
PM said Corona may have slowed down the
speed of the growth, but today the biggest fact is that India has overtaken the
lockdown phase and entered in the Un-Lock Phase one. A large part of Economy
has opened in Un-Lock Phase one. A lot is going to open after 8th June. Getting Growth Back has
started, he added.
The Prime Minister emphasized that when
Coronavirus was spreading in the world, India took the right steps at the right
time. He said “Today we get to know how widespread the effect of lockdown in
India is, by comparing it with other countries.” He said “Re-strengthening
Economy against Corona is one of our highest priorities.” For this, the
government is taking the decisions that are required immediately and also those
that are required in the long run, he added.
The Prime Minister listed the steps
taken by the Government in helping people during this crisis situation. Pradhan
Mantri Garib Kalyan Yojana has helped a lot in providing immediate benefits to
the poor. ration has been delivered to about 74 crore beneficiaries under this
scheme. Free ration is also being provided to migrant workers. Be it women,
disabled persons, elderly, laborers, everyone has benefited from it.
said that during the lockdown, the government has delivered more than 8 crore
gas cylinders to the poor – that too free. 50 lakh private employees have
got the Government contribution of 24% of EPF amount in their bank accounts,
which amounts to Rs. 800 crore.
Prime Minister listed 5 things which are
very important to build an Aatmanirbhar
Bharat and to bring India back on the path of rapid development, viz.
Intent, Inclusion, Investment, Infrastructure and Innovation. These are
reflected in the bold decisions taken by the Government recently, he added. He
also said that many sectors have been made ready for the future.
The PM said “For us reforms are not any
random or scattered decisions. For us reforms are systemic, planned,
integrated, inter-connected and futuristic processes. For us, reforms means
having the courage to take decisions, and taking them to a logical conclusion.”
He listed out the initiatives of the Government to make an encouraging
ecosystem for the private enterprises like Insolvency and Bankruptcy Code
(IBC), Bank merger, GST and Faceless IT assessment.
The Prime Minister further said that the
government is also doing such policy reforms which the country had given up
hope. In the agriculture sector, the Prime Minister said the rules and
regulations made after independence, left the farmers in the hands of
middlemen. After amendment in Agricultural Produce Market Committee (APMC) Act,
now farmers have the right to sell to anyone, in any state of the country.
The PM said that labour reforms are
being done to increase employment opportunities, keeping the welfare of our
workers in mind. Non-strategic sectors in which the private sectors were not
allowed, have also been opened. Commercial mining is now allowed in the coal
sector, he added. Prime Minister said “In the direction the government is
moving, be it our mining sector, energy sector, or research and technology,
industry will also get opportunities in every field, and new opportunities will
also open for youths. Going beyond all this, now the participation of private
players in the strategic sectors of the country is also becoming a reality.
Whether you want to invest in the space sector, or want to explore new
opportunities in atomic energy, the possibilities are completely open for you.”
The Prime Minister said the Micro, Small
and Medium Enterprises (MSME) sector is like an economic engine of our country
and contributes around 30% of the GDP. He said that a long time demand of the
industry to update the definition of MSMEs has been fulfilled. This will enable
MSMEs to grow without any worries and they will not have to follow other paths
to maintain the status of MSMEs. Global tenders have been scrapped in
government procurement of up to Rs 200 crores to benefit crores of associates
working in MSMEs of the country, he added.
PM said that the expectation of India
from the world has increased and they trust India more. India helped more than
150 countries with medical supplies, he added. The Prime Minister said that the
world is looking for a trusted, reliable partner. In India, there is a
potential, strength and ability. He urged the industry to take full advantage
of the trust that has developed towards India.
He stressed that Getting Growth Back is
not so difficult either. The biggest thing is that now Indian Industries have a
clear path that is Aatmanirbhar Bharat.
He clarified that Aatmanirbhar Bharat
means that we will become stronger and embrace the world. Aatmanirbhar Bharat means to be fully integrated with the world
economy and also supportive.
The Prime Minister stressed the need to
invest for the creation of a Robust Local Supply Chain that strengthens India’s
stake in the Global Supply Chain. He gave a call for big institutions like CII
to come forward in a new role post-Corona to make India self reliant. He
stressed for the need to have products made in the country, made for the world.
He urged the industry to set targets to increase productivity in all sectors.
He praised the industry for having created Personal Protective Equipments –
PPEs industry worth hundreds of crores within 3 months.
The Prime Minister urged the industry to
take full advantage of opening up investment and partnership with farmers in
the rural economy. Now necessary infrastructure is being prepared for clusters
of local agro products near the village. He said that the government considers
the private sector as a partner for the country’s development journey. He
promised that every need of the industry related to the Aatmanirbhar Bharat
Abhiyan will be taken care of. He asked the industry to pledge to make the
country self-sufficient and put their full strength to fulfill this resolve.