PLI schemes excellent opportunity to increase manufacturing: PM

Business


Prime minister Narendra Modi, on Saturday, urged states to take full advantage of the production linked scheme to attract investments into the state while emphasising on the need for agricultural reforms to improve the economic conditions of the farmers.

“The central government introduced PLI schemes for various sectors providing an excellent opportunity to increase manufacturing in the country,” PM Modi said in his opening remarks at the sixth governing council meet of the NITI Aayog.

“PM urged the states to take full advantage of this scheme and attract maximum investment in themselves and also reap the benefits of reduced corporate tax rates,” the PMO said in a statement.

PM is chairman of the governing council consisting of chief ministers of all states, lieutenant governors of union territories and top ministers of the Cabinet.

According to the statement, PM Modi said reforms are very important for our farmers to get the necessary economic resources, better infrastructure and modern technology. “The Prime Minister urged to focus on storage and processing of agricultural products to reduce its wastage. He stressed the need to export processed foods rather than raw foods to increase profits,” it said.

Emphasising on the need for cooperative federalism in the overall progress of the country, PM Modi said today’s meeting is to brainstorm and make it more meaningful and move towards competitive cooperative federalism.

“The whole country succeeded when the state and the central government worked together during the corona pandemic,” the PMO statement said.

Speaking on the government’s AatmaNirbhar Bharat campaign, PM Modi said the campaign is the way to develop an India that produces not only for its own needs but also for the world and this production also stands the test of the world. “The country has made up its mind, wants to move fast and does not want to waste time,” he said.

“The private sector of the country is coming forward with more enthusiasm in this development journey of the country,” he said, adding as a government we also have to honor this enthusiasm, the energy of the private sector and give it as much opportunity in the AatmaNirbhar Bharat campaign.

According to the statement, the Prime Minister said modern infrastructure keeping has to be built keeping in mind the aspirations of a young country like India. “Innovation has to be encouraged and more technology should be used to provide better opportunities for education and skills,” he added.

The statement said PM Modi stressed the need for strengthening businesses, MSMEs and start-ups.

Commenting on the recent reforms in the regulations pertaining to other service providers (OSP), PM Modi said it will give youth the flexibility to work from anywhere and the technology sector has benefited immensely from this. “Many of the restrictions have been eliminated,” he said, adding geospatial data was liberalized recently to help startups and the tech sector while improving the ease of living for the common man.





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