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Prime Minister Promises to get the Growth Back

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The Confederat­ion of Indian Industry (CII) recently celebrated 125 years. Delivering the inaugural address at the 125th anniversar­y of CII, Narendra Modi said: “I congratula­te CII for completing 125 years. I congratula­te CII for providing strength to the country. In these times of Corona, such online events are perhaps, becoming the new normal. It is human’s biggest strength that he finds a way out of troubled times. We are taking tough steps to fight against the virus. We are also trying to stabilise and speed up the economy. CII has focused on bringing growth back. Yes, we will definitely get our growth back. In these troubled times, how can I say this thing with such confidence? I have full faith on India’s capabiliti­es and crisis management. I am dependent on India’s entreprene­urs, the industry leaders, and their intellect, etc.

“Even though Corona virus may have slowed us down, we are now in Unlock Phase 1. A lot of the economy has been opened up. More of the economy will open up in a week’s time. India has decided to take the right step, at the right time, that is, to declare a national lockdown. In this battle, we have taken steps to protect the physical resources and human resources. Now, what next can the government do? We all know about Atma Nirbhar Bharat. We have to strengthen the economy. We will take many important decisions as soon as possible. We have also taken decisions that will be useful in the long run.

“There are 75 crore beneficiar­ies for whom free ration has been delivered to their homes. We are giving financial assistance worth Rs. 53,000 crores to the people. We have also taken steps to see people reach their homes. We have to back to strengthen the economy. Intent, investment, infrastruc­ture, innovation and inclusion are 82 www.dqindia.com the most important things today. We are also looking at reforms that are systematic, planned, interconne­cted and futuristic. We are looking at taking bold decisions and take steps to become a much stronger economy. We have tried to bring down any interferen­ce by the government for conducting businesses. We are also doing policy reforms that the country had probably given up.

“The MSMEs are also very important for us. They can participat­e in all activities without any worry. We are looking at benefiting them by closing the small tenders. We also need to look at the global monetary situation. Today, countries are looking to support each other. The old ways of working, and old policies, will not work anymore. Everyone has huge expectatio­ns from India. There is new thought coming out of India. India has also given medical supplies to over 150 countries. The world is looking for a potential partner. India has gained lot of global trust in these tough times. It is up to CII to ensure that we build trust, quality and competitiv­eness. I would like to assure you that I am standing with you. Getting growth back is not so difficult.

“Atmanirbha­r Bharat or self-reliant India will need to become stronger and embrace the world. We do not need to depend anyone for the strategic sectors. Enterprise­s can become global forces. It is about creating employment. We need a robust, local supply chain. Post corona, even the CII has to come forward in a new role. You must facilitate the growth of the local industry. You must expand the local market. There should be products that are Made in India and Made for the World. We need to increase productivi­ty across all the sectors.”

Earlier, Vikram Kirloskar, President, CII, said that the CII has been dedicated to nation building. It is a social contract. CII has remained a strong and credible partner in India’s developmen­t journey. India has establishe­d itself on the global stage with some innovation­s over the past few years. India has launched the Chandrayaa­n, gone the GST route, and is part of the internatio­nal solar alliance, to name a few.

CII began its overseas work with internatio­nal business and partners. We have done work in CSR and public health. Its work on women and poverty are among some of its initiative­s. CII also set up CoEs across the country in 1995 for projects such as manufactur­ing, water for sustainabi­lity, etc. We have 68 offices across India.

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