The Prime Minister has addressed a<\/span> post-Budget webinar on \u2018Make in India\u2019.<\/span><\/p>\n Reduce Dependence on Imports: <\/b>Make in India and <\/span>atma nirbharta <\/span><\/i>(self-reliance) is the need of the hour especially in the context of National Security.<\/span><\/p>\n But for this, Indian Companies need to make efforts to reduce the import of goods that can be manufactured in the country.<\/span><\/p>\n New Destinations for Local products: <\/b>Companies should find new destinations for local products and enhance their spending on research and development.<\/span><\/p>\n Commerce Minister shared a five-point vision for manufacturing and promoting exports which includes:<\/span><\/p>\n \u2013 Taking the manufacturing sector\u2019s contribution to gross domestic product (GDP) to 25% from 14% now<\/span><\/p>\n \u2013 Increase global trade to 10% of the economy<\/span><\/p>\n \u2013 Become top three nations in services exports<\/span><\/p>\n \u2013 Support small businesses to aid foreign trade and\u00a0<\/span><\/p>\n \u2013 Create 10 innovation centers.<\/span><\/p>\n Source: <\/b>This post is based on the article ‘Make in India’ more crucial from prism of national security: PM Modi\u201d <\/b>published in Business Standard <\/b>on 4th Mar 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the news? The Prime Minister has addressed a post-Budget webinar on \u2018Make in India\u2019. What are the key highlights from the PM’s speech? Reduce Dependence on Imports: Make in India and atma nirbharta (self-reliance) is the need of the hour especially in the context of National Security. But for this, Indian Companies need… Continue reading ‘Make in India’ more crucial from prism of national security: PM Modi<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[10503],"class_list":["post-172164","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704882537},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/172164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=172164"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/172164\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=172164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=172164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=172164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What are the key highlights from the PM’s speech?<\/b><\/h5>\n
Promote Manufacturing and Exports<\/b>:\u00a0<\/span><\/h5>\n