FDI for Indians is First Develop India, says Modi

With his "Come, make in India" slogan in his Independence Day speech, Mr. Modi had invited global companies to set up manufacturing units in India to supply to the rest of the world.

Updated - July 15, 2020 01:27 pm IST

Published - September 25, 2014 10:49 am IST

Prime Minister Narendra Modi launching the 'Make In India' logo with Kalraj Mishra (left), Minister for Micro Small and Medium Enterprises and Nirmala Sitharaman, Minister of State for Commerce and Industry in New Delhi. Photo: R.V. Moorthy

Prime Minister Narendra Modi launching the 'Make In India' logo with Kalraj Mishra (left), Minister for Micro Small and Medium Enterprises and Nirmala Sitharaman, Minister of State for Commerce and Industry in New Delhi. Photo: R.V. Moorthy

12.35 : PM Narendra Modi concludes his speech.

12.35 : Today is a very special day for me. It is the birth anniversary of Pandit Deendayal Uoadhyaya, who has inspired us through our lives: PM

12.35 : This country is yours. Develop your business within the country and then step out, don't go out of compulsion: PM

12.33 : Govt is committed to growth, there is no political agenda but article of faith; States and Centre should work as a team; development of States is development of India: Narendra Modi

12.30: This nation is yours. There is no need to leave the nation. We want our companies to shine as MNCs: PM

12.28: I want Indian companies to be multi-national ones. But they should make the country stronger: PM Modi

12.24 : Want to enhance Public-Private Partnerships in skills development: Narendra Modi

12.23 : We have reversed the trend of investors going outside the country : Narendra Modi

12.20 : Nobody can question the talent of our people...especially after yesterday: PM

12.16 : Be assured you will not lose your money : PM to industrialists.

12.15 : I do not only talk about good governance. I talk about effective governance: Narendra Modi

12.12 : My 3 month experience tells me that the entire team has a very positive outlook and thinking. They are 2 steps ahead of me too: Narendra Modi

12.12 : The world is looking at Asia . I do not have to waste time to invite...I need to give the address: PM

12.09 : Industry does not come when there are too many incentive schemes. We have to create a development & growth oriented environment: Narendra Modi

12.06 : We have to increase manufacturing and at the same time ensure that the benefits reach the youth of our nation: PM

12.05 : My definition of FDI for the people of India is First Develop India : PM

12.04 : Rule of law should be there, corporate government responsibility should be the norm: PM.

12.04 : People are talking about FDI but I see things differently. FDI is also a responsibility for the people of India: PM

12.03 : Mantra of our Government is that we want to trust each and every India. The atmosphere of trust can change a lot of things: Narendra Modi

12.02 : Who is the Government for? It is for every Indian. It is for the poorest of the poor : Narendra Modi

12.01 : A decision on self certification...many may feel this is a small step but what can be bigger than trusting 125 crore Indians: Narendra Modi

11.59 : A trust was broken that when a policy will be changed, when CBI will come...this is what I heard from all you: Narendra Modi

11.58 : Yet, when I heard such views I felt very sad. Why must our own people want to leave India: Narendra Modi

11.57 : Whenever I met people for the last few years they would tell me — we want to shift out. I never saw political reasons behind it: PM Modi

11.55 : I was hearing the business leaders. My Ministerial colleague also shared insight, we even saw the film: Prime Minister Narendra Modi

11.53 : The Prime Minister starts addressing the gathering.

11.52 : PM also unveils 'Make in India' brochure. Set of brochure covering 25 sectors covering just what every investor needs to invest in India.

11.50 : PM Narendra Modi unveils the 'Make in India' logo . Make in India logo is derived from Ashok Chakra: wheel denotes peaceful progress, and the lion stands for strength and tenacity.

11.45 : Prime Minister will unveil the global 'Make in India' logo shortly.

11.40 : My next investment destination is Madhya Pradesh: Y.C. Deveshwar

11.39 : Problems of inflation, unemployment can be resolved through domestic manufacturing: Y.C. Deveshwar

11.38 : Like others, I am also inspired by the boldness of your vision and simplicity of your communication: Y.C. Deveshwar

11.37 : Y.C. Deveshwar, ITC Chairman, is speaking now.

11.36 : We believe India is the epicentre of innovation: Phil Shaw.

11.35 : With a supportive Government in India, as we do have here, we can do a lot more: Phil Shaw

11.33 : Phil Shaw, CEO of Lockheed Martin India is speaking now.

11.32 : Train 5000 youth to give them basic skills o make them employable in industries. All of them are fully employed and more than 30% of them are young girls from semi urban and rural areas: Chanda Kochhar

11.30 : We have been playing a role in manufacturing in India for the last 60 years. In the last one year we are focuses on skill training our youth: Chanda Kochhar

11.25: We will ensure that whatever gets made in India is best globally and that manufacturing processes are sustainable, and at competitive costs. We need to focus on the ease of doing business; the industry would need all infrastructure and we will need to give youth the resources to involve themselves in manufacturing: Chanda Kochhar, ICICI Bank CEO

11.23 : Manufacturing has to become the next big wave. India is already a manufacturing hub for Birla group. More than 80% of revenue comes from Indian manufacturing for Birla group: K.M. Birla

11.21 : India is a global IT hub and reservoir of human capital: K.M. Birla

11.20 : Kumar Mangalam Birla, Chairman, Adithya Birla Group is now speaking

11.18 : The PM vision as a manufacturing powerhouse calls for educated workforce of thinkers and problem solvers: Azim Premji

11.11 : Creating 1,25,000 new jobs in the next 12 to 15 months; With your leadership India can come back to fast growth trajectory; 8 and 10 per cent growth potential for India: Mukesh Ambani to PM

India's top Industrialists (from left) Tata Group Chairman Cyrus Mistry; Maruti Suzuki CEO Kenichi Ayukawa; Reliance Industries Chairman Mukesh Ambani; Bosch Executive Director Franz Hauber; Wipro Chairman Azim Premji during the launch of "Make In India" at Vigyan Bhavan in New Delhi. Photo: R. V. Moorthy

11.10 : Implementation of GST will make India one market and strengthen overall 'Make in India' programme: Ambani.

11.09 : Make in India is typical to your style. Make is for all Indians and the world. Make is for the present and the future. Important for us to succeed in global competitiveness: Mukesh Ambani to PM

11.08: On behalf on Indian industries I commit myself to the Make in India program: Mukesh Ambani

11.07 : You gave us a vision of digital India goes hand in hand with make in india framework, Mukesh Ambani to Modi

11.06 : You have focused Indians towards the present and the future: Mukesh Ambani to Modi

11.05 : Today is a historic day for Indian industry: Mukesh Ambani. For Make In India movement it is important to be open to capital and expertise from all over the globe.

11.03: Mukesh Ambani, Chairman, Reliance industries Ltd. speaks.

10.55: Kenichi Ayukawa , CEO of Maruti Suzuki speaks. "We have been able to implement Japanese work practices in India."

10.51 : India has 2 strategic advantages — our human capital and a market which affords scale and growth: Cyrus Mistry , Tata Sons

10.49: Fully committed to de-licensing, deregulating and taking India to high growth trajectory: Nirmala Sitharaman

10.47: Series of measures taken on ease of doing business: Commerce Minister Nirmala Sitharaman

10.46: Make in India is not a slogan but a mission to be accomplished with single minded commitment, about new processes: Nirmala Sitharaman

10.45: Presentation on wooing investors being played in all state capitals. PM's speech will be translated into other foreign languages.

10.40: Union Minister of State for Commerce and Industry and Finance and Corporate Affairs Nirmala Sitharaman begins her address,"We want to make India A global manufacuring destination. We have a liberalised FDI policy. We have created a dedicated team to invest in India to assist and handhold investors from across the globe""

10.30: Prime Minister Narendra Modi's Make in India campaign begins: aims to attract foreign companies in Indian infrastructure. To highlight liberalised defence manufacturing.

10.20: Mukesh Ambani, Cyrus Mistry, Osamu Suzuki, KM Birla, Azim Premji expected to speak at 'Make in India' launch

Prime Minister Narendra Modi will launch the “Make In India” campaign, aimed at reviving the job-creating manufacturing sector — key to taking the economy on a sustainable high growth path.

The drive, the Modi government hopes, will do for investment sentiment what the “Incredible India” campaign has accomplished for tourism. With his “Come, make in India” slogan in his Independence Day speech, Mr. Modi had invited global companies to set up manufacturing units in India to supply to the rest of the world.

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