“Our MSMEs [micro, small and medium enterprises], our small entrepreneurs will get a huge benefit. Everyday items will become very cheap and that will also give a new boost to the economy,” Modi said in his 79th Independence Day Speech from the ramparts of the Red Fort in Delhi.
As the National Manufacturing Mission is progressing at great speed, India wants to move towards a path of comprehensive and integrated development, and that is why the country must strengthen the capabilities of MSMEs, he noted.
“…I want to reiterate that if we want the world to recognise our strength in the global market, we must constantly scale new heights in quality. The world accepts quality. Our quality must be the best, and the government’s efforts will also be there to ensure the availability of raw materials and to find ways to reduce our production costs,” he said.
“For all of us engaged in the field of manufacturing, our mantra should be: ‘Lower price, but higher value’. Every product of ours should have higher value, but cost less. It is with this spirit that we must move forward,” he said.
“The coming era is of EVs (electric vehicles). Now if we don't make EV batteries, we will be dependent. Be it solar panels or all the things required for electronic vehicles, we should have our own,” Modi said.
“I want traders and shopkeepers across the country to put up boards saying: ‘Swadeshi [indigenously-manufactured] goods sold here’. Let us take pride in Swadeshi. We should use it not out of compulsion, but with strength, for our own strength and if needed, even to compel others to use it. That should be our power. This should be our guiding mantra,” he added.
ALCHEMPro News Desk (DS)
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