PM's speech creates huge opportunities across sectors

Mumbai The India Inc has given its thumbs up support to the promises made by the Prime Minister Narendra Modi during his Independence Speech today.

The proposed Pradhan Mantri Gati Shakti program of Rs 100 lakh crore promises to converge infrastructure, manufacturing and competitiveness to drive India's future growth and create employment

Sanjiv Bajaj, chairman and managing director, Bajaj Finserv, said, "On the special occasion of India's 75th Independence Day, Prime Minister delivered a special speech focusing on long term initiatives. The emphasis placed on India's all-round development, sustainability, technology and other aspects is timely and bodes well for our future growth track."

For industry, the various programs unveiled in the speech create huge opportunities across sectors, while the commitment to improving the lives of poorer sections of society will contribute to new demand. At this point of time, the imperatives that PM outlined are required to getting growth back and ensuring a robust future for the country, he added.

PM's words on manufacturing quality to build pride in Indian products were timely with a renewed thrust on the mission.

According to TV Narendran, CEO & MD, Tata Steel, ""Prime Minister's Independence Day speech comprehensively outlined a strategic economic vision that embraced various critical sectors of the economy. The proposed Pradhan Mantri Gati Shakti program of Rs 100 lakh crore promises to converge infrastructure, manufacturing and competitiveness to drive India's future growth and create employment."

At the same time, the stress on providing basic amenities at the grassroots to all and policies to empower farmers are welcome as they would set the foundation for new growth waves. The progressive perspectives on sustainability, hydrogen, innovation and technology encourage industry to move on these paths and would help maintain the momentum of India's growth path. Coming after PM's reassurance to industry at the CII Annual Meeting, this has enthused entrepreneurs, said Narendran, who is also CII president.

Chandrajit Banerjee, Director General, CII said, "At a time when India is getting ready for India@75, Prime Minister Modi provides a vision for the country that is attuned to the current global imperatives.

The collaborative approach of Sabka Prayas makes all citizens important players in the national development mission and is a great way forward.

"Through the National Hydrogen Mission, India has the potential to gain global leadership and we believe that this is very much possible given India's experience in the renewables sector with 100 gigawatts of capacity. PM's strong action to ensure a green energy path for development through green and blue hydrogen will reduce India's carbon footprint and offer new opportunities for Industry at the same time," said CII director general, Chandrajit Banerjee.