Can’t accept export of raw materials, value addition must happen in India: PM Modi
Prime Minister Narendra Modi on Tuesday said he cannot accept raw materials getting exported and finished products being shipped into the country, asserting that value additions must happen in India.
Inaugurating the ‘Utkarsh Odisha, Make in Odisha Conclave’ in Bhubaneswar’s Janata Maidan, Modi said he considers eastern India as the growth engine of the country, and the state plays an important role in it.
“The country’s development is not possible only by exporting raw materials. Therefore, we are changing the entire ecosystem and working with a new vision,” he said.
“The minerals are extracted here and exported to some other country where value addition is done and finished products are then sent back to India. This trend is not acceptable to Modi,” he added, citing the example of the export of marine products for processing in other countries.
Urging all to recognise the challenges of the global supply chain in a changing world, the PM said India cannot rely on fragmented and import-based supply chains.
“Instead, a robust supply and value chain must be built within India to minimise the impact of global fluctuations. This responsibility lies with both the government and the industry,” he said.
The PM said the milestone of a USD 5 trillion economy was not far away for India.
He said India’s economy rests on two major pillars — the innovative service sector and quality products.
“The potential for green jobs is also growing significantly. There is a need to adapt to the demands and requirements of the times. India is focusing on green technology and a green future, including solar, wind, hydro, and green hydrogen, which will power the energy security of a developed India,” he said.
The PM said the aspirations of crores of people were driving India’s movement on the path of development.