Emphasising “self-regulation, self-attestation and self-certification”, Prime Minister Narendra Modi on Friday highlighted the need for reducing compliances burden and said it is the effort of the Government to reduce 6,000 compliances burden at the State and Central level this year. Modi called for lesser Government interference and increasing self-regulation.
“We believe that Government interference in everything creates more problems rather than solutions. That is why we are emphasising on self-regulation, self-attesting, self-certification,” he said.
“This year, our effort is to reduce 6,000 compliances burden at the State and Central level. The compliance burden should be reduced. Technology has come. I want to get rid of the forms for everything. Your suggestions and advice are priceless in this relation. With technology, we must reduce such compliances,” he said.
Addressing a webinar on the Production Linked Incentives (PLI) scheme through video conferencing, the Prime Minister emphasised the need to make Indian companies and manufacturing being done in India, globally competitive and also, to create global recognition for our production cost, products, quality and efficiency.
“We have to attract cutting edge technology and maximum investment in the sectors related to our core competency,” he said.
Underlining the difference between the earlier schemes and those of the current Government, the Prime Minister said earlier, industrial incentives used to be open-ended input based subsidies, now they have been made targeted and performance-based through a competitive process.
The Prime Minister said 13 sectors have been brought under Production Linked Incentives for the first time.
“PLI benefits the entire ecosystem associated with the sector. With PLI in auto and pharma, there will be very less foreign dependence related to auto parts, medical equipment and raw materials of medicines. The energy sector will be modernised in the country with the help of Advanced Cell Batteries, Solar PV modules and Specialty Steel. Similarly, the PLI for the textile and food processing sector will benefit the entire agriculture sector,” he said.
The Prime Minister remarked that it is a matter of pride that following India’s proposal, the United Nations has declared the year 2023 as the International Year of Millets. He said more than 70 countries came to support India’s proposal and unanimously accepted it in the UN General Assembly.
PM Modi urged to start a worldwide campaign in 2023 on the nutritional potential of millets or coarse grains to protect people from getting sick. He said that the demand for millets at home and abroad will increase rapidly with the announcement of the International Year of Millets by the UN in 2023 and this will greatly benefit our farmers.
The Prime Minister highlighted that in this year’s budget, a provision of about 2 lakh crore rupees has been made for schemes related to the PLI scheme.