Page 28 - NIS English 16-31 August 2024.pdf
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राष्ट्र Nation Confederation of Indian Industry
Simplification of FDI rules
Along with Make in India and simplification of
FDI rules in various sectors, the government is
I consider the industry, the
focused on important schemes like multi-purpose
logistics parks and PLI for 14 sectors. Investment private sector of India, as a
parks have been announced for 100 districts powerful medium to build a Viksit
of the country in the budget. These 100 cities
Bharat. I consider colleagues
will become the new centers of Viksit Bharat.
like you, Wealth Creators, as
The central government has also decided to
modernize the existing industrial corridors. the main driving force of India's
growth story.
25 crore people have come out of poverty in the - Narendra Modi, Prime Minister
last 10 years.
The budget has made announcements such as
increased allocation for nuclear power generation, from being a mobile importer has become a top
digital public infrastructure for agriculture, Bhu- mobile manufacturer and exporter. Referring
Aadhaar cards to provide unique identification to the road map for the green jobs sector in the
numbers for all land parcels, Rs 1,000 crore country, PM Modi said that in today's era, both
venture capital fund for space economy, critical energy security and energy transition are equally
mineral mission and upcoming auction of offshore important for the economy and the ecosystem.
blocks for mining. These new announcements will The work being done on small nuclear reactors will
accelerate the country's progress. India is moving not only benefit the industry in energy access but
towards becoming the third-largest economy in the will also provide new business opportunities to the
world. Opportunities are being created especially in entire supply chain associated with this sector.
emerging sectors. The government is emphasizing Industry and entrepreneurs have shown their
promoting the semiconductor industry. Electronics commitment to the development of the country.
manufacturing is being encouraged especially in Therefore, it is expected that the industry will play
the current phase of the mobile manufacturing an important role in making India a global leader in
revolution. The result of this has been that India all emerging sectors. n
26 New India Samachar August 16-31, 2024
