NEW DELHI: Prime Minister Narendra Modi on Tuesday urged the Indian industry to take bold steps to capitalize on global opportunities, emphasizing that the world sees India as a trusted partner. He announced the launch of two missions to boost manufacturing and exports.
“Our country is capable of doing this, all of you (industry) are capable, this is a great opportunity for us. I want our industry should not look at these expectations of the world as a mere spectator. We cannot remain spectators, you will have to look for your role in this, you will have to seek opportunities for yourself,” PM Modi said addressing a post-budget webinar on Regulatory, Investment and Ease of Doing Business Reforms.
“Today, India is a growth engine for the global economy. India has proved its resilience even in difficult times… Today, every country wants to strengthen its economic partnership with India. Our manufacturing sector should take advantage of this partnership,” he added.
Highlighting the importance of stable policies and an improved business environment for a country’s progress, PM Modi said that the government has eliminated over 40,000 compliances at both the central and state levels. He also highlighted ongoing efforts on the Jan Vishwas 2.0 Bill.
“We are working on the Jan Vishwas 2.0 Bill. We have decided to constitute a committee to review non-financial sector regulations. Our endeavour is to make them modern, flexible, people-friendly and trust-based,” he said.
He highlighted key initiatives in Budget FY26 to boost MSMEs, including doubling the guarantee cover for MSME loans to Rs 20 crore and introducing customized credit cards with a Rs 5 lakh limit for working capital needs.