Shah Aijaz CNI Correspondent
New Delhi: Prime Minister Narendra Modi on Tuesday emphasized that India’s decade-long policy consistency has positioned the nation as a prime destination for global investments. Assuring continued stability in governance, he encouraged stakeholders in manufacturing and exports to seize emerging opportunities.
Addressing a post-budget webinar on “MSMEs as an Engine of Growth, Manufacturing, Exports, and Nuclear Energy,” Modi highlighted that every country is eager to strengthen its economic ties with India. He urged the manufacturing sector to leverage these partnerships to drive growth and innovation.
“Stable policies and a business-friendly environment are crucial for any nation’s progress,” the PM said, citing the Jan Vishwas Act and the elimination of over 40,000 compliances to enhance ease of doing business. He also announced Jan Vishwas 2.0, with a committee reviewing regulations in the non-financial sector to make them more modern, flexible, and people-friendly.
Stressing the need for continuous reform, Modi called on industry leaders to identify bottlenecks, propose simplifications, and leverage technology for faster, more efficient processes.
Lauding the MSME sector, Modi described it as a transformative force behind India’s economic growth, noting that the number of MSMEs has surged past 6 crores, generating employment for millions.
“The government remains committed to building a self-reliant India through progressive reforms,” he asserted. To further empower MSMEs, he revealed that the sector’s definition has been expanded in the Union Budget, boosting job creation.
Highlighting the success of the Production-Linked Incentive (PLI) scheme, Modi said 14 sectors are benefiting, with over 750 approved units attracting investments of ₹1.5 lakh crore, generating ₹13 lakh crore in production, and contributing ₹5 lakh crore in exports.
On financial inclusion, the PM announced an initiative to support first-time entrepreneurs from women, SC, and ST communities, granting loans of up to ₹2 crore to 5 lakh beneficiaries, ensuring accessible and affordable credit for MSMEs.
With a vision for a stronger, self-reliant India, Modi reinforced the government’s dedication to policy stability, ease of doing business, and fostering an environment for investment, innovation, and inclusive growth.