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Home BUSINESS

India now emerging as factory of world: PM Modi

Press Trust of india by Press Trust of india
March 1, 2025
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New Delhi: Prime Minister Narendra Modi asserted on Saturday that his “vocal for local” campaign is bearing fruit as Indian products are going global and making their presence felt across the world.

Speaking at the NXT conclave where the ‘NewsX World’ channel was launched, Modi also said that India was becoming the land of infinite innovations, finding affordable solutions and offering them to the world.

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“The world is keenly watching 21st-century India. People from around the globe want to visit and understand India,” Modi said.

He said that the country was now emerging as a manufacturing hub and a “factory of the world”.

“For decades, the world referred to India as their back office. Now, India is becoming the new factory of the world. We are no longer just a workforce but instead becoming a world force,” Modi said.

The prime minister said that India’s rising defence products showcase the strength of its engineering and technology to the world.

“From electronics to the automobile sector, the world has witnessed India’s scale and capability. India is not only providing products to the world but is also becoming a trusted and reliable partner in the global supply chain,” Modi said.

The prime minister said India’s leadership in various sectors was a result of years of hard work and systematic policy decisions.

“A few years ago, I presented the vision of ‘Vocal for Local’ and ‘Local for Global’ to the nation and today, we are seeing this vision turn into reality,” he said.

Modi said the country is manufacturing semiconductors and aircraft carriers and its superfoods like ‘makhana’ and millets, Ayush products and yoga are being embraced across the world.

The prime minister said India should be presented to the world as it is, without any bias. “We do not need any make-up,” he said, adding that real stories from the country should reach the world in its true form.

He said India was the land that gave the world the concept of zero and was now becoming the land of infinite innovations.

“India is not only innovating but also ‘Indovating’, meaning innovating the Indian way,” Modi said. He added that India was creating solutions that were affordable, accessible, and adaptable, and offering them to the world without gatekeeping.

“When the world needed a secure and cost-effective digital payment system, India developed the UPI (Unified Payments Interface) system. Today, countries like France, UAE, and Singapore are integrating UPI into their financial ecosystems,” he said.

The prime minister said during the COVID-19 pandemic, India’s vaccine demonstrated the country’s quality healthcare solutions to the world. He said that the Aarogya Setu app was made open source to benefit the world.

The prime minister said the BJP-led NDA government’s re-election for a third term showed people’s trust and hoped that the new global news channel from India would take the country’s achievements abroad.

He said the world is looking at India in the 21st century, and that the country is constantly generating positive news.

India is now leading many global initiatives, he said, referring to him co-hosting the recent AI summit and India’s presidency of the G20.

He said the recently concluded Maha Kumbh, too, highlighted India’s organising skills and innovation.

The prime minister said that his government has repealed many obsolete laws, including the Dramatic Performances Act that had provisions for the arrest of 10 or more persons found dancing together.

Taking a swipe at his critics, the prime minister said he was surprised that the “Lutyens jamaat” and “the Khan Market gang’ were silent on such laws for more than 75 years.

“Had Modi brought such a law (Dramatic Performance Act), just think what would have happened. Even if trolls on social media spread any such false information, these people would have raised a hue and cry and targeted Modi. But, it’s our government which has abolished this law dating back to the colonial era,” the prime minister said.

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