Tata-Airbus Facility To Help MSMEs In Aerospace Manufacturing: Modi
India's MSME sector continues to struggle with challenges such as delayed payments, crippling debt, and bureaucratic red tape, stifling growth and innovation
Recalling the Tata-Airbus C-295 facility inauguration in Vadodara, Gujarat, Prime Minister Narendra Modi has said that thousands of citizens would get direct employment while micro, small and medium enterprise (MSME) industries would hugely benefit from the manufacturing of spare parts and other equipment, creating a huge network of supply chains.
Noting that a single aircraft comprises 15,000 to 25,000 parts, Modi emphasised that thousands of smaller factories would play an active role in fulfilling the demands of a mega factory, thereby benefiting India’s MSMEs, he said while addressing the Rozgar Mela.
Noting that the Khadi industry of India has been transformed by the policies of the government in the last ten years and impacted the people in the villages, the Prime Minister informed that Khadi Gram Udyog’s business has surpassed 1.5 lakh crore today. Drawing parallels from ten years ago, he exclaimed that the sale of Khadi has grown up to 400 percent, thereby benefiting artists, weavers and businesses and also creating new employment opportunities.
Modi also touched upon the Lakhpati Didi scheme where new employment and self-employment opportunities are provided to rural women. “More than 10 crore women have joined self-help groups in the last decade," he added, noting that 10 crore women are now engaged in economic activities.
He credited the support provided by the government in every step and reiterated the commitment to creating 3 crore lakhpati didis. “More than 1.25 crore women have already become Lakhpati Didis so far making their annual income above Rs 1 lakh," he added.
The Prime Minister stated that India is moving towards becoming the world's third-largest economy. Reflecting on the country's progress, he noted the inquisition by the youth of India who often ask why the country didn’t achieve this pace earlier. Underlining that the answer lies in the lack of clear policies and intent in previous governments, he pointed out that India had been lagging behind in several sectors, particularly technology.
He recalled that India used to wait for new technologies from around the world and what was considered outdated in the West would eventually reach the nation. He pointed out that the long-withstanding belief that modern technology could not be developed in India not only set India back in terms of growth but also deprived the country of crucial job opportunities.
Highlighting the steps taken to free the country from this old thinking, the Prime Minister stated that efforts were initiated to break free from this old mindset in sectors like space, semiconductors, electronics and electric vehicles by promoting Make in India. The Prime Minister underscored the importance of technological advancement and investment, adding that the PLI scheme was launched to bring new technology and foreign direct investment to India, which has accelerated job creation when combined with the Make in India initiative. He noted that every sector is now receiving a boost providing opportunities for youth across different fields."
“Today, India is witnessing massive investment, and record opportunities are being created," he said, adding that in the last eight years, over 1.5 lakh startups have been launched, making India the world’s third-largest startup ecosystem. He further added that these sectors are offering our youth a chance to grow and gain employment.
Modi emphasised that the role of the government today was to create a modern system where every youth gets an opportunity and can fulfill their aspirations. Therefore, he urged the newly appointed youths in various positions that their goal should be to provide maximum facilities to the youth and citizens of India.
