PM Modi Wants To Turn India into Global Leader in Manufacturing

“We have a million problems, but at the same time we have over a billion minds,” said Prime Minister Narendra Modi. His dream project “Make in India” initiative is aimed at turning the country into a global leader in manufacturing. He said that India should create more programs to promote the country’s start-ups and increase their visibility to foreign investors and potential collaborators. 

Prime Minister Modi also  launched a number of initiatives to support the country’s start-ups, including a 100 billion rupee ($1.5 billion) fund and a string of tax breaks for both the companies and their investors. India, which already has a handful of new-generation success stories, is seeking to encourage more cutting-edge technology and other start-ups – supporting new businesses in a country which badly needs to accelerate a still sluggish economic recovery and create millions of jobs as the workforce expands.

 

Prime Minister Narendra Modi had kickstarted the ‘Startup India’ initiative with a strong objective of creating more job opportunities in the emerging Indian economy. He has put in a lot of his political capital into powering up the ‘start-ups’ campaign in India, which he says has the power to transform India economically and provide hope, and tangible help, to millions of young people to put their dream projects into practice, who otherwise would look at a bleak future.

 

Like PM Modi, fintech innovator Jignesh Shah's efforts too have been to help upcoming entrepreneurs build a strong economy of the country. Jignesh Shah created new-generation markets and segments that are people-centric and have a comprehensive market structure. Modi’s competent leadership coupled with strong vision, helped Jignesh Shah to feel confident that India can achieve a lot in the start-up ecosystem. Shah, who not only set up 10 exchanges across six continents in a span of ten years but also created 10 lakhs jobs through his ventures like MCX, strongly feels that if startup ecosystem in the country is advanced in the right direction, it can create 10 crore jobs over the next decade.

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