PM Modi wraps up his address for Make in India campaign by delivering Navratri wishes to the nation.
12:35 pm: Whether state or central government, we will proactively take up the role of being a facilitator of exports. Investors who are thinking of leaving, should abandon such thoughts. This is not a political agenda, but an article of faith, says PM Modi
“This nation is yours. There is no need to leave the nation. We want our companies to shine as MNCs,” PM says to industrialists.
The PM highlights the need for highways and i-ways (information ways). He says he wants to enhance the public-private partnerships in skills development
“There is a new era of economic growth that is in Asia and we have to see how to make it India’s, he adds.
12: 25 pm: In Asia only India has democracy, demographic dividend and demand that the world’s industry is seeking, he adds.
Nobody can question India’s talent after India’s successful maiden visit to Mars, says Modi while congratulating ISRO, whose Mangalyaan rocket is now orbiting Mars.
“I do not only talk about good governance, I talk about effective governance,” says Modi. We have the ‘Look East’ policy and at the same time we have ‘Link West’ too, adds PM.
12:15 pm: “Belief and trust in people is the most important thing a government can give its citizens,” Modi adds. He says FDI for Indians is a responsibility while for the rest of the world it is an opportunity.
His definition for FDI is First Develop India
Emphasising on the need for jobs, Modi says India must create opportunities of employment for if the poor get jobs the purchasing power of families will increase and this will increase consumption demand in the country.
He urges corporates to not just view India as a market but rather as an opportunity.
“The world is looking at Asia. I do not have to waste time to invite, I need to give the address,” adds PM Modi.
12:02: PM Modi says he does not want to see any company leave India. We have been able to bring about a change in the last few months, adds Modi.
He says he is glad to see Indian industry is convinced of this government’s commitment.
Modi further says there were apprehensions about previous government’s policies. Make In India campaign will give thrust to manufacturing in India, he adds.
FDI is also a responsibility of the people of India, he says.
11:48 am: Prime Minister Narendra Modi launches ‘Make in India’ campaign
Prime Minister Narendra Modi today unveiled the ‘Make in India’ logo as well the brochure which covers India’s national manufacturing policy along with 25 sectors that will be covered under the MakeInIndia plan.
The programme lays emphasis on 25 sectors with focus on job creation and skill enhancement. These include: automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways, auto components, design manufacturing, renewable energy, mining, bio-technology, pharmaceuticals and electronics among others.
11:40 am: We believe India is the epicentre of innovation though many innovatpors do not have the way to take their innovations abroad, says Phil Shaw, CEO of Lockheed Martin India.
With a supportive government in India, as we do have here, we can do a lot more, adds Shaw.
Meanwhile, ITC’s Yc Deveshwar says India has suffered from jobless growth and consumption in the last 5 years which is not sustainable and is a recipe of disaster. Deveshwar praised Modi for identifying the right strategy to eliminate the ailments that the Indian economy has been suffering from.
He adds the biggest beneficiaries of Make in India will be the youth. Currently 12 million youth come to the market every year, but only 2 million jobs are created.
11:30 am: What is being launched today at the Make in India campaign will be the next growth driver for India and creater of jobs, said ICICI Bank CEO and MD, Chanda Kochhar.
“Manufacturers and bankers would like to ensure that whatever gets made in India is the best product available globally, at competitive cost and is sustainable,” said Kochhar.
India’s indigenous science and skills is now orbiting Mars in just USD 74 million compared to more than USD 650 million by NASA for a similar mission, she said.
On employment, Kochhar said manufacturing has the potential to add 9 crore jobs in the next ten years.
India Inc needs sector-specific policies, skills development, says Chanda Kochhar
ICICI Bank’s Chanda Kochhar pledges support to PM’s #MakeinIndia campaign
She further adds that manufacturing will strengthen the macro-economic stability of the country and India needs to improve ease of doing business and access to infrastructure.
11:20 am: Wipro founder Azim Premji says products made in India are suitable for all climates. Indian products reflect low-cost innovative designs, he adds. Premji further says
competitiveness comes from outthinking others.
“Our manufacturing facilities consist of 13 around the world of which 5 are in India.”
Meanwhile, Kumar Mangalam Birla of the Birla Group said it is high time India become a preferred choice for global companies as a manufacturing hub and not just an IT hub.
“Manufacturing has to become the next big wave for us,” he adds.
11: 10 am: Praising Prime Minister Narendra Modi for his leadership, chairman of Reliance Industries, Mukesh Ambani said Modi’s unique leadership quality is that he dreams and does a the same time, working over 14 hours a day and at the same time motivating over a billion Indians to dream and do.
RIL chief Mukesh Ambani addresses the gathering, says, “Today is a historic day for the Indian industry.”
He also adds that it is important that India is open to foreign capital and expertise.
“We commit ourselves to ‘Make in India’ movement,” says RIL chief Mukesh Ambani during the campaign launch.
‘Make in India’ is an opportunity given to thousands of Indians, he adds Mukesh Ambani
Reliance Industries to create 1.25 lakh jobs in next 12-15 months, says Mukesh Ambani.
11: 05 am: Kenichi Ayukawa of Maruti Suzuki addresses the gathering, says, “We realised the potential of India very early.”
11:00 am: Under leadership of PM Modi, ‘Make in India’ is bringing together industry and government: Cyrus Mistry
Cyrus Mistry of Tata Sons addresses the gathering, says, “India has 2 strategic advantages- our human capital and a market which affords scale and growth.”
10: 55 am: Fully committed to make India a global manufacturing hub: Sitharaman
‘Make in India’ is not a slogan but a mission to be accomplished with single minded commitment, about new processes: Sitharaman.
10: 45 am: Commerce & Industries Minister Nirmala Sitharaman and Law Minister Ravi Shankar Prasad share the dais with PM at the launch function
10:35 am: Modi, in his maiden Independence Day speech, had made a pitch to improve India’s manufacturing to create jobs to revive growth. A month and half later, the government is launching the initiative both at national and state level.
10:34 am: Top industrialists including Chanda Kochchar, Kumar Mangalam Birla, Azim Premji and Kiran Majumdar Shaw arrive at the launch of ‘Make in India’ campaign.
10:31 am: The campaign is expected to give a collective thrust to manufacturing in India and will seek greater foreign investment in the country.
10:30 am: Prime Minister Narendra Modi will launch the much awaited ‘Make in India’ campaign in New Delhi today.
10: 16 am Mukesh Ambani, Azim Premji at Make In India campaign launch
10:13 am Cyrus Mistry, KM Birla to attend launch of Make In India campaign
10:13 an RC Bhargava, YC Deveshwar attend Make In India campaign launch