India Inc all praise for Modi's "Make in India"

Top honchos and who’s who of the country’s biz fraternity graced the launch occasion including leading industrialists like Mukesh Ambani of Reliance Industries, Cyrus Mistry, chairman of Tata Group, Azim Premji, chairman, Wipro, Kumar Mangalam Birla who heads the Aditya Birla Group and Chanda Kochhar of ICICI Bank.

It was witnessed by over 500 CEOs of India Inc.

Modi invited them to build India as a top global manufacturing hub.

Speaking on the occasion, Chairman of Reliance Industries, Mukesh Ambani said, “Today we commit ourselves to the ‘Make in India’ movement. I firmly believe between 8-10% is the right growth potential for India.”

“We'll be creating over 1.25 lakh new jobs in India over the next 12-15 months,” he added.

Mukesh said, It is important to be open to capital & expertise from all over the world.

Praising Modi for the painstaking effort, Ambani said, “India is blessed with a leader like our PM Narendra Modi, he dreams and he does. PM's interactions in Japan & China, anticipation of USA visit has created a very positive environment.”

Chairman of Tata group, Cyrus Mistry said, “Tata Group remains fully committed to investing in India.”

Wipro’s chairman Azim Premji said, “PM's vision calls for a workforce of educated problem-solvers and not rote-learners. True success of manufacturing lies in the ability to service global markets.”

Aditya Birla group Chairman Kumar Mangalam Birla said, “Dreaming big and imagining bold is the only way to achieve what was once thought impossible. India embarks on a landmark mission that coincides with our triumph in outer space. We need manufacturing to put India in a high growth trajectory.”

Chanda Kochhar of ICICI Bank said, “What is being launched today is going to be the next growth driver for India. We need policies for specific sectors that have the highest potential for growth.”

“Manufacturing will strengthen the macro-economic stability of the country,” she added.

On the other hand, ITC Chairman YC Deveshwar said, “I'm inspired by boldness of vision and simplicity of communication.” He said, “Problems of inflation, unemployment can be resolved through domestic manufacturing.” Deveshwar announced, “My next destination is Madhya Pradesh, we are going to invest there.”

Prime Minister Narendra Modi while launching his ambitious “Make in India” campaign reached out to India Inc by pledging them to transform India’s economy from the services-driven growth model to manufacturing-driven growth.

In his address, Modi said, Government don’t want any industry from India to be forced to leave.

“If you want to capture the global market, we are ready to stand by you as facilitators. There is no need to leave the nation. We want our companies to shine as multi-nationals.”

Modi asserted the businessmen by saying that the present government will change the pessimistic situation.

Modi said, “The most important thing required for business to flourish is trust. We want to trust all our countrymen."

PM also pitched his foreign investment policy by saying that it is a way to build India.

PM said, “My definition of FDI for the people of India is First Develop India. I tell people abroad, India is an opportunity for FDI.”

“Make in India is not a slogan, not an invitation. It's a responsibility for all of us, Modi added.”

Earlier, while delivering the inaugural speech, Commerce Minister Nirmala Sitharaman said, “Make in India is a mission to be accomplished.”

She asserted that Centre is committed when the question of India’s growth arises.

She said, “We're determined to push manufacturing share of GDP to 25% from 15%. We are fully committed to making India a global manufacturing hub.”