Page 29 - NIS English February 16-28
P. 29
Prime Minister Narendra Modi held Q&A session with
industry leaders:
Joe Kaeser, President and digital economy with the help
CEO, Siemens, ask questions In 2018, at Davos, the Prime of loan guarantee scheme for
on AatmaNirbhar Bharat Minister had said that India street vendors. Changing the
During the question answer will play a crucial role in the definition of MSME has proved
session, the Prime Minister 21st Century and the world is effective for strengthening
explained to Kaeser the contours witnessing that statement coming the sector. Technology
of AatmaNirbhar Bharat true in Coronavirus crisis is being used to provide
campaign. He said that making better opportunity and help.
India a manufacturing and the power sector with additional Government e-Marketplace
export hub is part of the vision. 36 Gigawatt power. In reply to (GeM) is an example of this.
For the same, the Government Rosengren, the Prime Minister More than 450,000 MSMEs have
reduced Cooperate Tax and listed out a number of ongoing taken part in the Government
GST. It has also simplified the infrastructure projects in the procurement process.
tax process. Labour laws were country and informed that Arvind Krishna of IBM
also simplified and this too under National Infrastructure ask questions on digital
will give more freedom to the pipeline, projects worth $1.5 requirements
businesses. Also, for ensuring Trillion will be implemented In a reply to Krishna, the
greater ease of doing business, in the country in the next five Prime Minister emphasised
the Government decriminalised years. In addition, to enhance the depth of digital India. The
Companies Act. The Prime connectivity in the economic Prime Minister said that the
Minister invited global players zones, India is also working
to take advantage of $26 Billion on a multi-model connectivity
‘Self-reliant India’ will revive the
Production Linked Incentive masterplan. Even after the global economy. The Government
(PLI) scheme. Coronavirus pandemic, the FDI aims to bring transformation
Bjorn Rosengren, CEO, ABB, in India witnessed a 13 per cent through inclusion and
ask questions on infrastructure jump. empowerment
related projects Ajay S Banga, CEO, Mastercard,
Infrastructure is the base for any ask questions on financial
kind of development. Realising inclusion in India country’s digital profile has
this, the Government has made Speaking to Banga, the Prime been completely transformed.
infrastructure development a Minister explained the massive The Government’s vision
financial inclusion that has is to transform the country
The Prime Minister said: India is taken place in the country in the through access, inclusion and
full of confidence, new energy recent times and steps taken to empowerment while ensuring
along with possibilities strengthen the MSME sector. the privacy of the user. He also
He said that crores of citizens recalled his last interaction with
were given the benefit of direct Krishna, saying that at that time
transfer of funds and they the world was hit by Coronavirus
priority. In the last six years, were able to utilise that fund and several countries were
India has developed 57,000 without going to banks. He also under lockdown. Even at
kms of highways. Over 58 said that close to 1.3 Million that time, the digital economy
per cent of railway lines were street vendors were made a helped the citizens in India
electrified and India enhanced part of the official system and a lot.
New India Samachar 27
