ENA Sectors 2025-03-05 15:00:43 <p><span style="font-size:14px"><strong>New Delhi, Mar 5 (KNN)</strong> In a strong push for Indias manufacturing and export sectors, Prime Minister Narendra Modi on Tuesday launched two new missions aimed at bolstering production and trade.</span></p> <p><span style="font-size:14px">Speaking at a post-Budget webinar on Regulatory, Investment, and Ease of Doing Business Reforms, he urged industries to identify and manufacture products that align with global demand.</span></p> <p><span style="font-size:14px">India is capable of fulfilling global expectations. Our industry should not remain spectators but actively seek opportunities, Modi said, emphasizing that India is now seen as a trusted economic partner worldwide.</span></p> <p><span style="font-size:14px">Highlighting the need for accessible credit, Modi announced that five lakh first-time women and SC/ST entrepreneurs would receive loans of up to Rs 2 crore.</span></p> <p><span style="font-size:14px">He also noted that MSMEs had historically faced challenges in obtaining loans, but under his government, credit availability had significantly improved, with MSME loans increasing from Rs 12 lakh crore a decade ago to Rs 30 lakh crore now. The Budget has also doubled the guarantee cover for MSME loans to Rs 20 crore.</span></p> <p><span style="font-size:14px">To further encourage business growth, Modi stressed the importance of stable policies and a supportive business environment. He revealed that the government had eliminated over 40,000 compliances and was working on the Jan Vishwas 2.0 Bill to modernize regulations.</span></p> <p><span style="font-size:14px">Encouraging states to implement business-friendly reforms, Modi said, States should compete in attracting investments through progressive policies.</span></p> <p><span style="font-size:14px">He also highlighted the success of the Production Linked Incentive (PLI) scheme, which has attracted Rs 1.5 lakh crore in investments and generated exports worth over Rs 5 lakh crore.</span></p> <p><span style="font-size:14px">With India positioned as a global growth engine, Modi called upon stakeholders to embrace innovation, adopt better technology, and seize emerging opportunities in the global market.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41292 https://knnindia.co.in/news/newsdetails/sectors/pm-modi-launches-two-new-missions-to-strengthen-manufacturing-and-trade 2025-03-05 15:00:43 knnindia.co.in