Prime Minister Narendra Modi on Tuesday said ‘We need to take care of the economy as well as save lives of people from coronavirus’.
He said the world is looking for a trusted, reliable partner while addressing the annual session of Confederation of Indian Industry (CII) through video conferencing.
Modi said in this situation, CII has played a big role in getting growth back, which is commendable.
He was speaking on ‘Getting Growth Back’ as Unlock 1.0 has been announced.
The Centre is now focusing on bringing the economy back on the recovery track by gradually allowing businesses to start operations, the Prime Minister said.
Modi also congratulates CII on its 125th anniversary.
Also read: Modi to address CII annual session
“In India, we have potential, strength and ability. Today, all of you, including all the industries must benefit from the trust that has developed for India all over the world,” he said
“I don’t have any doubt about India’s capabilities of crisis management and industry leaders. India will get its growth back,” he said.
“India has put behind lockdown and has entered Unlock 1.0. Most of the economy has opened up and the remaining part will open from June 8 next,” he added.
We have taken decisions that will help India in getting its growth back, the Prime Minister asserted.
The Prime Minister informed that during lockdown, his government has given nearly eight crore free gas cylinders to the poor.
“For making India self-reliant five things are necessary-intent, innovation, investment, inclusion, infrastructure,” Modi said.
With the change in APMC Act, farmers can now sell their produce at any state of his choice, Modi said in his speech.
“Farmers can also trade their produce through electronic trading system. We are also doing labour reforms and opening up sectors for private enterprises,” he said.
India is the third country in the world which has the biggest coal reserve but still we are importing coal from outside because of our policies, he informed.
“But now we are bringing reforms in the coal sector, we have opening up the sector for private sectors for exploration and mining,” he added.
“MSME sector has nearly 30 per cent contribution to our GDP. Now we have changed the definition of MSMEs which will help them grow along with maintaining their MSME status,” he also said.
There will be no global tenders in government projects worth up to Rs 200 crore, which will help MSMEs, the Prime Minister informed.
India has sold medical supplies to more than 150 countries in the times of pandemic, which has increased the world’s trust in India, Modi further said.