India’s manufacturing ecosystem has transformed with initiatives like Make in India: PM Modi

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Published on July 30, 2024 9:47:50 AM ● Video Link: https://www.youtube.com/watch?v=M59Cvcros0s

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Prime Minister Narendra Modi at the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference, organised by the CII, said that Budget 2024-25 will boost our journey towards a developed India with a strong focus on manufacturing. Over the past decade, India’s manufacturing ecosystem has transformed with initiatives like Make in India, simplified FDI rules, Multimodal Logistics Parks, and the PLI Scheme. The new budget introduces Investment-Ready "Plug and Play" Industrial Parks in 100 cities, creating new growth hubs. The government will also modernize existing Industrial Corridors and continue supporting MSMEs with enhanced credit, reduced compliance burdens, and improved market access. A new credit guarantee scheme for MSMEs has also been launched.

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