Exports play a critical role in transforming a developing country into a developed nation: PM Modi

New Delhi [India] June 23 (ANI): Prime Minister Narendra Modi said on Thursday that exports play a critical role in transforming a developing country into a developed nation, as well as creating job opportunities.

Inaugurating the new Vanijya Bhawan in New Delhi, he said that the government has eliminated more than 32,000 unnecessary observances.

The Prime Minister underlined the role of increased exports in a country’s transition from a developing country to a developed country.

“In the last eight years, India has also been continuously increasing its exports and achieving export targets. Better policies to increase exports, facilitate the process and bring products to new markets have helped a lot. Today, every ministry, every government department is giving priority to increasing exports with a ‘whole of government’ approach. Whether it is the Ministry of MSMEs or the Ministry of Foreign Affairs, Agriculture or Trade, they are all making common efforts for a common goal,” Prime Minister Modi said. .

“Exports from new areas are increasing. Even from many aspiring districts, exports have now multiplied. The increase in exports of cotton and handloom products by 55 percent shows how work is being done at the grassroots level.” , pointed out how he advised exporters and the industry to set long-term export goals and suggest ways to the government to achieve those figures.

Furthermore, Prime Minister Modi said that exports are vital to a country’s progress and initiatives like ‘Vocal for Local’ have also accelerated India’s exports. Despite global disruptions last year, India exported a total of USD 670 billion or Rs 50 lakh crores.

In that context, Prime Minister Modi urged exporters to not only set a short-term but also a long-term export target, that too with a proper roadmap to achieve the feat.

On Niryat’s portal, he said that it will help break down silos by providing real-time data to all stakeholders.

“From this portal, important information related to more than 30 groups of products exported to more than 200 countries in the world will be available. Soon, information related to exports by district will also be available. This will also strengthen efforts to develop the districts as important export centers,” he said.

At the event, Prime Minister Modi said that government projects, if they are completed on time and do not hang for years and the schemes reach their targets, is when the country’s taxpayers are respected. “When the government projects are completed on time, the schemes hit the target are nothing.” but respecting the taxpayers of the country. Under Prime Minister Gati Shakti’s national master plan, we now have a modern platform… Considering the aspirations of the new India, this building will have to boost all aspects of development,” Prime Minister Modi said.

Furthermore, he said that the benefits of government schemes that reach all sectors of the population, without any discrimination, can only guarantee ‘Sabka Vikas’ or welfare for all.

Referring to previous governments, he said projects were previously announced for “political interest” but there is no guarantee when that project would be completed.

“They did not take the completion of the projects seriously. This new building (which was completed on time) is an example of how we have changed mindsets,” Modi said.

In addition, he reiterated that this government has eliminated more than 32,000 non-essential compliances, which is key to promoting ‘Ease of doing business’ in the country.

Speaking about the Gem portal, a shorthand for a one-stop government e-marketplace, in which 45 lakh small businesses are currently registered, he said the value of orders on the platform has risen from Rs 9000 crore to more 2.25 crores now.

Relying on the benefits of the ease of doing business in the country, he said there were fewer than 500 FinTech startups registered in the country until 4 years ago, which has now risen to more than 2,300.

During the same period, new companies recognized per year have increased from 8,000 to more than 15,000 units.

The Prime Minister said: “We are also helping and emphasizing GI labeling to connect our farmers, weavers and our traditional products with the export ecosystem.” He also referred to the trade agreements with the United Arab Emirates and Australia last year and reported that there has been a lot of progress with other countries as well.

He praised the Indian diplomatic institutions abroad for working hard to turn a very challenging environment into opportunities for India.

“For companies, identifying new markets and manufacturing products after identifying their needs is very important for the country’s progress,” he said. (AND ME)

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