PM Modi has started his address at Indian Chamber of Commerce’s 95th Annual Plenary session. Speaking at the event, PM said that that India is currently challenging multiple challenges such as coronavirus, cyclones, earthquakes etc. Amid many challenges that the country is facing, PM Modi reiterated his dream for self reliant India and said that Indians must now work to turn the crises at hand into an opportunity. “Every Indian has been dreaming of self-reliance in various sector such as aviation, defence etc,” he said. Further, people, planet, and profit are interlinked unlike what is common belief. “These three can flourish and coexist together,” PM said. Illuminating on how people, profit and planet can go together, he said that West Bengal has an opportunity in single-use plastic ban. The state can now ramp up jute production and make the best of the situation, he said. Further, he has asked industry to lead the way into becoming solar power hub; says golden opportunity in solar power.
PM Modi recently addressed a CII event as well which was attended by industry leaders including CII President and banker Uday Kotak. In his last address to the members of the business community, the Prime Minister had said that the government’s highest priority is to strengthen the economy and while coronavirus may have slowed down growth. India is poised to get it back. PM Modi also called on the industry to rise to the occasion and asked it to cut down heavily on exports and focus on Make In India. Addressing the CII Annual Session 2020 through a video link, the Prime Minister had pointed out that there are ten sectors in which India can heavily reduce its import dependence by strengthening the local supply chain. PM Modi also pointed out five ‘I’s needed for growth viz — “intent, inclusion, investment, infrastructure, and innovation”.