How is India positioning itself as a global manufacturing hub according to PM Modi
PM Modi states that India is emerging as a global manufacturing hub.
- PM Modi aims to make India a global manufacturing hub by promoting initiatives such as Make in India, which encourages foreign and domestic companies to manufacture their products in India.
- The government is focusing on improving infrastructure, ease of doing business, and reducing red tape to attract more investment in manufacturing sector.
- Various sector-specific initiatives like the Production Linked Incentive (PLI) scheme have been launched to boost manufacturing in key sectors such as electronics, automobiles, and pharmaceuticals.
- India's skilled labor force and large consumer market are attractive factors for companies looking to establish manufacturing operations in the country.
- PM Modi is actively engaging with foreign countries and businesses to promote India as a favorable destination for manufacturing investments.
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8 months ago