September 24, 2014

Narendra Modi to launch 'Make in India' campaign today

Last Updated: Thursday, September 25, 2014, 09:26

New Delhi: Seeking to make the country a global manufacturing hub, Prime Minister Narendra Modi will launch the ambitious 'Make in India' campaign in the presence of global and domestic CEOs on Thursday.

Through the campaign, Modi plans to roll out a red carpet in order to attract industrialists and investors into the country to make India into a global manufacturing hub, create more jobs and boost the country's economy.

The launch of the 'Make in India' campaign comes a day before the Prime Minister heads for the United States where he plans to woo corporate titans and crown a burst of investment-focused diplomacy.

Modi will arrive in the United States on Friday for a four-day visit where he will be meeting Barack Obama, the President of the United States.

The 'Make in India' campaign is aimed at making India a manufacturing hub, and the government is pulling out all the stops for ensuring a smooth sailing for investors, by setting up a dedicated cell to answer queries of business entities within 72 hours. It will also closely monitor all regulatory processes to make them simple and reduce the burden of compliance.

"The government is committed to chart out a new path, wherein business entities are extended red carpet welcome in a spirit of active cooperation. Invest India will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances," said an official statement.

Leading industrialists of the country including RIL chief Mukesh Ambani, Essar Group Chairman Shashi Ruia will be participating in the event while many other global and domestic CEOs are also expected of the launch of the ambitious 'Make in India' campaign.

Other high-profile CEOs likely to be present at the launch include Chairman of Tata Group Cyrus Mistry; Mahindra Group CMD Anand Mahindra; Biocon CMD Kiran Mazumdar-Shaw; and ITC Chairman Y C Deveshvar; among others.

The government has identified 25 key sectors in which our country has the potential of becoming a world leader. The Prime Minister will be releasing separate brochures for these sectors along with a general brochure.

Moreover, over the last one month Modi met with world powers China and Japan where he won investments worth USD 55 billion for infrastructures, bullet trains and such others in the country.

With PTI Inputs

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