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PM’s 5 point-plan for bringing back growth: Intent, Inclusion, Investment, Infrastructure & Innovation

NEW DELHI, June 2, 2020: Prime Minister Narendra Modi today listed five things which are very important to build a Aatmanirbhar Bharat and to bring India back on the path of rapid development -  Intent, Inclusion, Investment, Infrastructure and Innovation. “These are reflected in the bold decisions taken by the Government recently, he said addressing the 125th Annual Session of Confederation of Indian Industries (CII) through video conference.  The theme of the conference is “Building India for a New World : Lives, livelihood, growth”

Modi praised the Indian industry for starting the discussion of Getting Growth Back and asked them to go beyond it and said “Yes! We will definitely get our growth back.” He said that his trust in India's Capabilities and Crisis Management, in India's Talent and Technology, in its Innovation and Intellect of India, in the Farmers of India, MSME’s, Entrepreneurs makes him confident about getting the growth back.

The PM said Corona may have slowed down the speed of the growth, but today the biggest fact is that India has overtaken the lockdown phase and entered in the Un-Lock Phase one. A large part of Economy has opened in Un-Lock Phase one. A lot is going to open after 8th June. Getting Growth Back has started, he added.

The Prime Minister emphasized that when Coronavirus was spreading in the world, India took the right steps at the right time. He said “Today we get to know how widespread the effect of lockdown in India is, by comparing it with other countries.” He said “Re-strengthening Economy against Corona is one of our highest priorities.” For this, the government is taking the decisions that are required immediately and also those that are required in the long run, he added.

The PM said “For us reforms are not any random or scattered decisions. For us reforms are systemic, planned, integrated, inter-connected and futuristic processes. For us, reforms means having the courage to take decisions, and taking them to a logical conclusion.” He listed out the initiatives of the Government to make an encouraging ecosystem for the private enterprises like Insolvency and Bankruptcy Code (IBC), Bank merger, GST and Faceless IT assessment.

The Prime Minister stressed the need to invest for the creation of a Robust Local Supply Chain that strengthens India's stake in the Global Supply Chain. He gave a call for big institutions like CII to come forward in a new role post-Corona to make India self reliant. He stressed for the need to have products made in the country, made for the world. He urged the industry to set targets to increase productivity in all sectors. He praised the industry for having created Personal Protective Equipments - PPEs industry worth hundreds of crores within 3 months.

The Prime Minister urged the industry to take full advantage of opening up investment and partnership with farmers in the rural economy. Now necessary infrastructure is being prepared for clusters of local agro products near the village. He said that the government considers the private sector as a partner for the country's development journey. He promised that every need of the industry related to the Aatmanirbhar Bharat Abhiyan will be taken care of. He asked the industry to pledge to make the country self-sufficient and put their full strength to fulfill this resolve.

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