Schedule a Call Back
PM Modi encourages boosting Indian manufacturing
Industry News- Aug 16,24
Prime Minister Modi emphasised the importance of enhancing the quality of Indian products to ensure they meet global standards.
Prime Minister Narendra Modi delivered his 11th speech from the ramparts of the Red Fort, commemorating the 78th Independence Day.
In his address, the Prime Minister highlighted several key topics, emphasising the importance of enhancing the quality of Indian products to ensure they meet global standards.
During his speech at the Red Fort, the Prime Minister said ‘Design in India, design for the world’. He emphasised the need for homegrown design expertise and encouraged people to develop products that meet the needs of both local and global markets.
The Prime Minister further highlighted India’s goal to be acknowledged for its dedication to quality, suggesting that Indian standards should aim to set global benchmarks.
During his Independence Day address, PM Modi said, “It’s very important that India is known for its best quality... Now we need to focus on "design in India"... we need to try that Indian standard become the world standard....when this happens approval will be easier for our products.”
He said that the outcome will depend on the quality of our production, services, and approach. “We have talent... in the field of design, we can contribute immensely to the world...we need to move forward with design with India,” Modi said. “We need to move forward with a vision of design in India and design for the world,” he said.
PM Modi said that numerous international companies are eager to invest in India and urged state governments to compete with each other to draw these investments. He added that a significant number of people he has encountered during his third term have expressed a strong interest in investing in the country. “It’s a golden opportunity to make India a global manufacturing hub,” he said.
He further asked state governments to formulate policies to attract investments in their states, while ensuring law and order.
(Business Standard)
Related Stories
Policy Regulation
PLI scheme attracts Rs 1.46 trillion investment, creates 950,000 jobs
As of August 2024, the scheme has resulted in over Rs 12.5 trillion in incremental production and sales, more than Rs 4 trillion in exports.
Read moreProcess Equipment
Modi Biotech expands ethanol production capacity with Rs 1 billion investment
The company's existing 130 KLD grain-based ethanol distillery, accompanied by a 5 MW captive power generation plant, has already established its presence in Raipur, Chhattisgarh. Modi Biotech has re..
Read moreAuto & Auto Components
Greaves Engineering is steadily increasing exports: Dr Arup Basu
In this interview with Rakesh Rao, Dr Arup Basu, MD, Greaves Cotton Ltd, highlights emerging trends in the Indian manufacturing sector and the company's plans for robust growth with minimum carbon f..
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
