PM Modi's address at 95th ICC session: PM says it is time to prepare globally competitive domestic supply chain
The Prime Minister began his address by highlighting that besides fighting coronavirus pandemic, India has other issues as well including flood, locusts, hailstorm, fire in an oil well, small earthquakes and two cyclones
Prime Minister Narendra Modi delivered the inaugural address at the 95th annual plenary session of Indian Chamber of Commerce (ICC) on June 11, 2020 through video conferencing.
The Prime Minister began his address by highlighting that besides fighting coronavirus pandemic, India has other issues as well including flood, locusts, hailstorm, fire in an oil well, small earthquakes and two cyclones and we are fighting all these together.
PM Modi stressed that every citizen of this country has resolved to turn this crisis into an opportunity. He urged that we have to make this a major turning point for this nation. "What is that turning point? A self-reliant India," PM Narendra Modi reiterated.
Every citizen of this country has resolved to turn this crisis into an opportunity. We have to make this a major turning point for this nation. What is that turning point? A self-reliant India: PM Narendra Modi on 95th Annual Day of Indian Chamber of Commerce. #COVID19 pic.twitter.com/RDXmYcvY8p— ANI (@ANI) June 11, 2020
Take Economy out of 'Command and Control'
PM Modi emphasised that we have to take the Indian economy out of 'command and control' and towards 'plug and play'. He stated that this isn't the time for a conservative approach, but a time for bold decisions and bold investments. He said that it is time to prepare a domestic supply chain that is globally competitive.
At this time we've to take Indian economy out of 'command and control' and take it towards 'plug and play'. This isn't the time for conservative approach. It's time for bold decisions & bold investments. It's time to prepare a globally competitive domestic supply chain: PM Modi pic.twitter.com/admkS9VOnM— ANI (@ANI) June 11, 2020
Decades ago Swami Vivekananda wrote, 'The simplest method to be worked upon at present is to induce Indians to use their own produce and get markets for Indian artware in other countries'. This path shown by Swami Vivekananda is inspiration for India in post-COVID world: PM Modi pic.twitter.com/dHhKXPVRub— ANI (@ANI) June 11, 2020
The Prime Minister urged that India has to revive the historical excellence of West Bengal in manufacturing sector and take inspiration from the popular saying, "What Bengal thinks today, India thinks tomorrow" and move forward together.
We have to revive the historical excellence of Bengal in manufacturing sector. We've always heard "What Bengal thinks today, India thinks tomorrow". We have to take inspiration from this and move forward together: Prime Minister Narendra Modi pic.twitter.com/rOkhCIOuvz— ANI (@ANI) June 11, 2020
The Prime Minister had earlier on June 2, participated in the annual general meeting of Confederation of Indian Industry (CII) through video conference.
Addressing the 125th Annual Session of CII, the Prime Minister had said that the world is looking for a trusted and reliable partner and India has the potential, strength and ability. He emphasised that India should take advantage of this trust developed towards it.
PM Modi also stressed that getting growth back is not that difficult, the biggest thing is that the Indian industries have a clear path of self reliance.
Indian Chamber Commerce
The Indian Chamber of Commerce (ICC) was founded in 1925. It is the leading and only National Chamber of Commerce having headquarters in Kolkata.
The ICC is one of the most pro-active and forward-looking Chambers in the country today. The main focus of the body is on economic research and policy issues.
The chamber regularly undertakes surveys on macro-economic studies and prepares state investment climate reports and provides all the required policy inputs and budget recommendations to the centre and state governments.