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PM Modi says India should strive for self-sufficiency and use vast resources to produce for the global market as well | India News


NEW DELHI: Prime Minister Narendra Modi said on Saturday that India must become self-sufficient and use its vast natural resources to produce for the domestic and global market.
Addressing the nation from the walls of the Red Fort on the occasion of India’s 74th Independence Day, Prime Minister Modi said that amid the Covid-19 pandemic, 130 crore Indians have pledged to build an ‘Aatmanirbhar Bharat ‘.
“I am confident that India will make this dream come true. I am confident of the skills, confidence and potential of my compatriots. Once we decide to do something, we do not rest until we achieve that goal,” he said.
The prime minister said the country received record foreign direct investment during the last fiscal year and even during the coronavirus pandemic, large global companies are looking to India.
He said that the growth of FDI was recorded at 18 percent in the last fiscal year.
Prime Minister Modi reiterated the call ‘Vocal for Local’ and said that India should also strive to meet the needs of the world.
In his speech, the prime minister also asked how long the country will continue to export raw materials and import finished products.
He said that India has vast natural resources and the need of the moment was value added.
“Now we have to carry on with the mantra of ‘making for the world’ together with Make in India,” he said.
Furthermore, he said that ‘Aatmanirbhar Bharat’ means not only reducing dependence on imports, but strengthening India’s capacity, creativity and skills.
Addressing the nation on Independence Day for the seventh time in a row from the Red Fort, he said there are numerous challenges to being self-reliant, but there are also millions of solutions.
“India has always believed that the whole world is one family. While we focus on economic growth and development, humanity must maintain a central role in this process and our journey,” Prime Minister Modi said.
Citing an example of what India can do, he said that before the Covid-19 pannedmic, the country was not making N-95 masks, PPE and ventilators, but is now in a position to export such items.

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