Industry should take big steps in manufacturing, take advantage of opportunities available: PM Modi

Prime Minister Narendra Modi outlines measures to boost entrepreneurship and manufacturing, emphasizing global opportunities and exports for Indian industries.

Prime Minister Narendra Modi on Tuesday (March 4, 2025) asked the industry not to be a “mere spectator” and take advantage of the opportunities available in the global supply chain.

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Highlighting India’s role as a growth engine for the global economy, Mr. Modi urged industries to innovate and integrate into global supply chains.

“Today India provides stable policies and a better business environment. I urge you to take big steps to advance the country’s manufacturing and exports,” he said at a Post-Budget webinar on Regulatory, Investment and Ease of Doing Business Reforms.

Mr. Modi said industry should look for manufacturing innovative products using R&D which has demand overseas, and this will push exports.

“Today the world needs a trusted partner... Industry should not be a mere spectator, should seek opportunity in the global supply chain: Modi said, adding today India has become a growth engine for the global economy... The country has proved its resilience during hard times also.

Mr. Modi stressed the need to develop new modes of credit delivery for MSMEs to ensure they receive low-cost, timely credit. He pointed out that the Production-Linked Incentive (PLI) scheme across 14 sectors has led to investments of over ₹1.5 lakh crore and production worth ₹13 lakh crore.