Will meet CEOs of world’s leading companies next week: PM Modi

The Prime Minister gave away appointment letters to over 71,000 people at a 'Rozgar Mela' on Tuesday

May 16, 2023 11:57 am | Updated 07:34 pm IST - New Delhi

Prime Minister Narendra Modi virtually addresses the recepients of appointment letters at a ‘Rozgar Mela’ on May 16, 2023. Videograb: Twitter/@narendramodi

Prime Minister Narendra Modi virtually addresses the recepients of appointment letters at a ‘Rozgar Mela’ on May 16, 2023. Videograb: Twitter/@narendramodi

Prime Minister Narendra Modi on Tuesday said he would meet the CEOs of leading companies in the world next week, and all of them were enthusiastic about investing in India.

Mr. Modi addressed the National Rozgar Mela through videoconference and distributed about 71,000 appointment letters to newly inducted recruits in various government departments and organisations.

He said there was an unprecedented positivity for India’s industry and investment at the global level.

Recalling his recent meeting with the CEO of Walmart, Mr. Modi informed about the CEO’s confidence in India in exporting goods worth around ₹80,000 crore from the country.

This was big news for youth employed in the logistics and supply chain sectors.

Mr. Modi said he met the CEO of CISCO whose goal was to export products worth ₹8,000 crore from India. “I also met the CEO of Apple who expressed confidence about the mobile manufacturing industry in India; top executive of the semiconductor company NXP also showed positivity for India’s capacity to create a semiconductor ecosystem. Foxconn too has started investments worth thousands of crore,” he said.

He underlined that such efforts highlighted that new employment opportunities were being created in different sectors in India.

The Prime Minister emphasised that in the past nine years, the government had prioritised the recruitment process by making it faster, transparent and unbiased.

Recalling the difficulties faced in the recruitment process, he pointed out that the Staff Selection Board (SSB) took roughly 15 to 18 months to onboard new recruits earlier, while it takes only six to eight months now.

He underlined that the tedious process of recruitment which existed earlier, starting from acquiring the application form to submitting it through post, had been simplified by making it online where a provision for self-attestation of documents had also been introduced.

He said in the past nine years, the government spent about ₹34 lakh crore on capital expenditure and basic facilities. In this year’s Budget too, ₹10 lakh crore was allocated for capital expenditure. This amount was resulting in modern infrastructure like new highways, airports, rail routes and bridges. “This is creating many new jobs in the country,” he said.

Giving the example of the Employees’ Provident Fund Organisation (EPFO), Mr. Modi said that after 2018-19, nearly 4.5 crore new formal jobs had been created as per the EPFO Net Payroll, indicating a steady growth in formal jobs.

Opportunities for self-employment were also increasing continuously, he said.

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