Monday 1 June 2020

Coronavirus LIVE: Time for industry to rise to the occasion, says PM Modi

Coronavirus update: India's total number of coronavirus cases is nearing the 200,000 mark, even as the country is in the midst of a watered-down Lockdown 5.0, or 'India Unlock 1.0' as it is called.

Prime Minister Narendra Modi today addressed the Confederation of Indian Industry’s (CII's) Annual Session 2020- “Getting Growth Back” and assured India Inc that growth in the economy would return soon.

Addressing the event through video conference, the prime minister said India had already begun getting its growth back with ‘unlock phase-1’.

“While it is true that coronavirus has slowed down our growth, India has now left the lockdown behind and has entered unlock phase 1. So in a way, we have already started getting our growth back. I have confidence in India’s capabilities, crisis management,” Modi said in his speech.

Coronavirus world update: The global tally of coronavirus cases now stands at 6,370,762, and 377,515 people have died from the disease so far.
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11:50 AM
Govt considers the private sector a growth engine for India's growth
Farm, fisheries, food processing, pharma, footwear — opportunities for industry are immense

We will together take steps to make India Atmanirbhar. Let's put in our everything towards this end
11:50 AM
Domestic PPE manufacturing today is a reflection of our strengths, says PM Modi
Domestic PPE manufacturing today is a reflection of our strengths. From zero production three months ago to 300,000 PPEs a day today, we have come a long way in little time
11:49 AM
Need to reduce our import dependence across several sectors of the economy: Modi
There are so many sectors where we can do phenomenally well on the world stage.

Work has been on to reduce our import dependence across several sectors of the economy
11:48 AM
Manufacturing, Make in India need to be made big employment generators, says Narendra Modi
Manufacturing, Make in India need to be made big employment generators. In view of this, furniture, AC, leather and footwear have been chosen as areas where work has already started.
11:47 AM
Bodies by CII will need to come forward in the post-Covid-19 world to facilitate domestic industry's growth, says PM Modi
Bodies by CII will need to come forward in the post-Covid-19 world to facilitate domestic industry's growth and to facilitate the next level of global expansion

We need to manufacture domestically such products that are 'Made in India, Made for the World'

We will need to define our target to boost our production across sectors
11:40 AM
Atmanirbhar Bharat is about setting up strong forces within our capacities: PM Modi
Atmanirbhar Bharat means we will be fully integrated with the world and fully supportive. However, always remember, we do not want to be dependent on others

It's all about setting up strong forces within our capacities. We have to invest in setting up robust local supply chains
11:37 AM
The world is looking up to us, says PM Modi

— In the time of coronavirus, when every country was struggling to support itself, India helped nearly 150 countries by providing medical supplies

— The world is looking up to us. We are seen as a reliable partner. This is an opportunity for India's industry and bodies like CII
11:31 AM
There is a need to rethink policies to suit the needs of the time: PM Modi on coronavirus pandemic impact on the globe
Global tenders for up to Rs 200 cr worth of contracts have been scrapped. This will work as a fuel for small industries

In today's time, the need for cooperation among all countries of the world is more than ever before

But at the same time there is a need to rethink policies to suit the needs of the time.
11:29 AM
PM Modi explains govt's efforts for MSMEs
MSMEs' contribution to our economy is nearly 30%. There had been long-pending demand for clearer definitions for the MSME sector. MSMEs will be able to grow without any concerns or fears. Now our MSMEs will not have to find ‘other ways’ to keep their ‘MSME’ status. The industry’s demand for updating MSME definition for a very long time. This demand is now fulfilled. -- PM Modi
11:28 AM
PM Modi assures govt's preparations on Coronavirus front
India sent medical supplies to more than 150 nations, helping them fight coronavirus pandemic. You take two steps ahead, and the government will take four steps to support you. -- PM Modi

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