Business Standard

PM: DEFAMING PVT FIRMS WON’T FETCH VOTES ANYMORE IN INDIA

Strongly defends agri Acts, saying investment­s will create jobs; again invites farmers for talks

- SANJEEB MUKHERJEE & AGENCIES New Delhi, 10 February

Prime Minister Narendra Modi on Wednesday came out in support of private enterprise­s and greater investment in agricultur­e.

He said there needs to be a rethink on the kind of power structure that has been created, where bureaucrat­s handle every business in India.

He added that there was a time when defaming private enterprise­s used to fetch votes but times have changed now.

According to him, India needs wealth creators to distribute wealth among the poor and marginalis­ed.

“We need to seriously think as to what kind of power structure has been created in this country, where if you become an IAS officer you get to run a fertiliser company or a chemical plant or even an airline, while the youths fail to get the same opportunit­y,” said Modi, while replying to the President’s address to both Houses of Parliament.

He said that the current central government feels that more opportunit­ies should be given to the youths of country.

“Demoralisi­ng private companies and disregardi­ng their contributi­on won’t do any good to the country or its youth. Our experience has shown that private enterprise­s in mobile manufactur­ing have led to every poor family owning a mobile phone now. Also, the country’s private sector in the pharmaceut­icals space has been serving humanity through vaccines and medicines during Covid times,” Modi said.

Modi said his government and Parliament have great respect for farmers, which is why it is talking to them. He also made it clear that those who want to continue with the old agricultur­e marketing system can do so. “We should ensure that farmers are not always dependent on government doles and more investment in agricultur­e will create more job opportunit­ies for rural youths,” said the Prime Minister.

Modi said neither any agricultur­e ‘mandi’ (market) has shut down after the three laws were enacted nor has the minimum support price (MSP) stopped. Rather, the MSP has only increased, which no one can deny.

The Prime Minister also said the government has offered to discuss clause by clause the three farm laws, and if there are any shortcomin­gs, it is ready to make changes.

“NEED TO THINK ABOUT THE POWER STRUCTURE WHERE IF YOU BECOME AN IAS OFFICER YOU GET TO RUN A FIRM OR EVEN AN AIRLINE, WHILE YOUTH FAIL TO GET THE SAME CHANCE” NARENDRA MODI

Prime minister

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