ENA Sectors 2024-09-30 17:02:10 <p><span style="font-size:14px"><strong>New Delhi, Sep 30 (KNN)</strong> Prime Minister Narendra Modi has urged Indian manufacturers to prioritise global quality standards and promote domestic products as part of the 'Vocal for Local' initiative. The Prime Minister made these remarks during his monthly radio address, 'Mann Ki Baat,' on Sunday.</span></p> <p><span style="font-size:14px">Modi highlighted the success of the 'Make in India' campaign, launched in September 2014, crediting it with transforming the nation into a global manufacturing hub.</span></p> <p><span style="font-size:14px"> The success of this campaign includes the contribution of the country's big industries as well as small shopkeepers, he stated.</span></p> <p><span style="font-size:14px">The Prime Minister emphasised India's growing prominence in various sectors, noting, Today, India has become a manufacturing powerhouse, and it is because of the youth power of the country that the whole world is looking up to us.</span></p> <p><span style="font-size:14px">He added, Be it automobiles, textiles, aviation, electronics or defence...every sector in the country's exports is constantly on the rise. </span></p> <p><span style="font-size:14px">The 'Make in India' initiative aims to boost domestic production by encouraging companies to develop, manufacture, and assemble products within India.</span></p> <p><span style="font-size:14px">Key objectives include attracting targeted investments in the manufacturing sector to stimulate economic growth and job creation.</span></p> <p><span style="font-size:14px">Specific targets of the initiative include increasing the manufacturing sector's growth rate to 12-14 per cent per annum, creating 100 million additional manufacturing jobs in the economy by 2022, and raising the manufacturing sector's contribution to the country's GDP to 25 per cent by 2025.</span></p> <p><span style="font-size:14px">As India continues to position itself as a major player in global manufacturing, the government's emphasis on quality standards and local product promotion underscores its commitment to enhancing the country's competitive edge in international markets.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39450 https://knnindia.co.in/news/newsdetails/sectors/pm-modi-urges-indian-manufacturers-to-prioritise-global-standards 2024-09-30 17:02:10 knnindia.co.in