Prime Minister Narendra Modi addresses the post-budget DPIIT webinar on ‘Make in India for the World’ in New Delhi on March 03, 2022. (Photo/PIB)
New Delhi: Prime Minister Narendra Modi on March 3, 2022, said that the Union Budget has many significant provisions for Aatmnirbhar Bharat and Make in India.
He stated this while addressing a webinar of the Department for Promotion of Industry and Internal Trade (DPIIT) whose theme was ‘Make in India for the World’.
The Prime Minister said that the budget has many significant provisions for Aatmnirbhar Bharat and Make in India.
He said 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.
On the other hand, Prime Minister Modi said: 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.
He also referred to his call for zero defect-zero effect manufacturing that he gave from the ramparts of Red Fort.
Aatmnirbharta is all the more important if we see from the prism of national security, he said.
Prime Minister Modi 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.
Prime Minister Modi 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.
He asked the private sector to push the factors of vocal for local and Aatmnirbhar Bharat in their marketing and branding efforts.
Prime Minister Modi highlighted the need to find new destinations for the local products.
Watch PM Modi’s Full Address on YouTube: