Indian Mfg Sector Should Go Global

New Delhi: Prime Minister Narendra Modi on Tuesday asked the industry not to be a ‘mere spectator’ and take advantage of the opportunities available in the global supply chain. Stating that the world is looking to strengthen its economic partnership with India, Modi said India’s manufacturing sector should take advantage of the growing needs of the world by producing high quality products.

“Today India provides stable policies and a better business environment. I urge you to take big steps to advance the country’s manufacturing and exports,” he said at a Post-Budget webinar on Regulatory, Investment and Ease of Doing Business (EoDB) Reforms .

Modi said industry should look for manufacturing innovative products using R&D, which has demand overseas, and this will push exports.