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Current global economic scenario provides golden opportunity to Indian industry

We have embarked upon an ambitious path of self-reliant India with emphasis on ‘vocal for local’

India is fast emerging as a favourable destination for investments, especially for countries that are looking for alternative production hubs to boost their exports.

The current global economic scenario has provided golden opportunity to the Indian industry and there is an urgent need for them to upgrade technology through research and innovation and explore joint ventures to bring in foreign low cost capital.

As part of the Prime Minister Shri Narendra Modi’s noble mission of Atmanirbhar Bharat, we have embarked upon an ambitious path of self-reliant India with emphasis on ‘vocal for local’. Our NDA government is according top priority to infrastructure development, and 22 green highways are on the anvil, including Rs 1 lakh crore Delhi-Mumbai Expressway on a Greenfield alignment. The expressway will reduce the travel time to 28 hours from the present 48 to 50 hours.

We are also setting up industrial clusters along the highways to decongest metropolises and develop hitherto unexplored areas, particularly for the MSME sector, which has been playing an important role in boosting exports and reducing imports. Presently MSMEs contribute 30 per cent to the GDP growth and accounted for 48 to 50 per cent exports and have created more than 11 crore jobs.

Our pro-active approach, exploring every opportunity amid the pandemic to push PM Modi’s reform agenda more aggressively with a commitment to build a new India, offers a more open economic and social order where all sections of the society have the equal opportunity to grow.

It is heartening to know that Janmabhumi Group of publications, one of the leading daily newspapers in Malayalam language, is launching Kerala’s most authentic and premium business magazine named Business Voice to provide high quality business news, insights, views, inspirational stories, and a lot more, for the aspiring Malayali audience across the globe.

As a unique financial publication from Janmabhumi Group, I am confident that Business Voice will champion the vision of democratizing entrepreneurship and be a catalyst in the process of economic transformation by bringing out the success stories of regional entrepreneurs at all levels to the fore.

I congratulate the Janmabhumi Group for this new venture and wish all success to Business Voice in its journey to become the true voice of entrepreneurs.

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