Our aim is to increase the contribution in the export market. We need to focus on innovation. Centre and States need to come together for this. It will create a new system of Aatma Nirbhar Bharat. We need to develop a global market for local goods, said Prime Minister Narendra Modi on Friday.
Prime Minister Narendra Modi was interacting with the Heads of Indian Missions abroad along with stakeholders of the trade & commerce sector of the country via video conferencing.
The government is focusing on several issues in the manufacturing and export sector, including policy decisions and infrastructure, said PM Modi
The Covid-19 vaccination drive is underway. Our industries helped us to revive the growth and Covid-19 situation. It is a good time to set aim in exports, he said.
“Today the world is getting smaller and smaller every day due to physical, technological, and financial connectivity. In such a situation, new possibilities are being created around the world for the expansion of our exports,” Modi said.
According to the Prime Minister, this was not only the time to celebrate the country’s independence, but also an “opportunity to build a clear vision and roadmap for future India”.
Espousing an increase in exports, the PM said India needs to create global champions in every sector. “At present, our exports are about 20 percent of GDP. Considering the size of our economy, our potential, the base of our manufacturing and service industry, it has the potential to grow a lot,” he said.
Modi said four factors are very important for increasing exports. “First – manufacturing has increased manifold in the country. Second – the problems of transport, logistics should be removed. Third – the government should walk shoulder to shoulder with the exporters. And fourth, which is related to today’s event, is the international market for Indian products,” he said.
The PM said India must ensure that it receives access according to international demand. “This will help our businesses to scale up and grow. Our industries need to move towards best technology, focus on innovation and increase share in Research and Development,” he said.
