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Zee Media Bureau
New Delhi: Seeking to make the country a global manufacturing hub, Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign in the presence of global and domestic CEOs.
11: 53 Modi unveils 'Make in India' initiative
11:30 AM
True success of manufcturing lies in ability to service global markets: Azim Premji
11:24 AM
Manufacturing has to become the next big wave for us: Kumar Mangalam Birla.
11:14 AM: Important for us to succeed in 'Make in India' for global competitiveness, said Mukesh Ambani.
-Important for us to succeed in 'Make in India' for global competitiveness: Mukesh Ambani.
-Cost of Mars mission is just Rs 7 per kilometre, equivalent to cost of travel in most cities in India: Mukesh Ambani.
-It is important to be open to capital and expertise from all over the world: Ambani.
-Implementation of GST will make India one market and strengthen overall 'Make in India' programme: Ambani.
-Reliance Industries to create 1.25 lakh jobs in next 12-15 months: Mukesh Ambani.
11.02 AM: Tata Group Chairman Cyrus Mistry said there is a need to reform labour laws. He also added that the Tata Group is fully committed to investing in India.
11 AMThe government has been able to change perception of India in last few months, Commerce and industry minister Nirmala Sitharaman said at 'Make in India' launch event today.
The minister further said validity on industrial licences will be extended to 3 years and the government is now amending number of labour laws.
Sitharaman said a series of measures have been taken on ease of doing business and the government is fully commited to de-licensing, deregulating and taking India to high growth trajectory.
The 'Make in India' campaign is aimed at making India a manufacturing hub, and the government is pulling out all the stops for ensuring a smooth sailing for investors, by setting up a dedicated cell to answer queries of business entities within 72 hours.
It will also closely monitor all regulatory processes to make them simple and reduce the burden of compliance.
"The government is committed to chart out a new path, wherein business entities are extended red carpet welcome in a spirit of active cooperation. Invest India will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances," said an official statement.
First Published: Thursday, September 25, 2014, 11:01
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