The Prime Minister Narendra Modi assured India Inc. of all possible government-wide support for their expansion moves.
PM met the country’s top business leaders part of the Kirloskar Group’s centenary celebrations in New Delhi on January 06, 2020.
In view of the widening economic slowdown, Modi urged Tatas, Ambanis, Mahindra and Adani Group, among other elite business groups to chalk out plans to improve Indian economy and create jobs.
“At the beginning of the new year, today from this platform, I will again tell the Indian industry not to let disappointment linger with you. Go ahead with new energy. Whichever corner of the country you go to, for your expansion, the Indian government will walk with you,” read Modi’s statement.
Citing the government laws, Modi said the Insolvency and Bankruptcy Code has paved a way for entrepreneurs.
Modi informed that the government has recently corrected some key existing flaws and urged the leaders to be confident and bold in making investments.
The PM also briefed them about the policy reforms taken in support to the business environment over the last five years.
“Indian industry, in a transparent environment without fear, without hindrance, move ahead, create wealth for the country, create wealth for ourselves. This has been the endeavor of all of us. It has been a constant effort to liberate Indian industry from the trap of laws,” the PM added.
Extending government-level support to innovation, Modi urged the industry to continue delivering the world-class products.
Citing the growing entrepreneurship in the country, Modi said there is now a visible transition from
once-called ‘Bombay Club’ to be called ‘Bharat Club’.
“If such a club is formed today, it will be called the Bharat Club, in which different sectors, old veterans and new entrepreneurs, will all be represented,” he added.
The Prime Minister reiterated his commitment to making India a USD 5 trillion economy by 2024-25.
Stay tuned to IndianEra for more daily business news updates!
