JOIN USBJP national general secretary P Muralidhar Rao said on Tuesday that Prime Minister Narendra Modi's ambitious ‘Make in India' campaign will help boost the Indian economy.
Speaking at the ‘Make in India’ summit organised by SME OneSource, Rao said that the campaign would give a major push to the domestic manufacturing sector.
“We are already leading in the soft power (software) sector and Bengaluru has set an example to the world, but we also need to work towards improving the hard power sector. The Make in India campaign has been launched to improve this sector,” Rao added.
Former Industries Minister Murugesh Nirani said that the State government should appoint a separate minister for the sector. He said that service industries add nearly 54 percent to the State revenue and the campaign will definitely increase the revenue share in the coming days. Nirani said that it was a good opportunity for industrialists to invest in the State.
Transformation
Ajay Sahai, director general, Federation of Indian Export Organisation, said that India was gradually shifting from an agricultural industry to a service-based industry and Make in India campaign would give the country such opportunities.
He said that by 2040 more than 50 per cent of Indians would be elevated to the middle class with the contribution of the manufacturing sector through the campaign.
The liberal Foreign Direct Investment policy will help ultra mega power projects and huge investments will be made in the infrastructure sectors soon, he added.