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HomeIndiaBeing 'Atmanirbhar' very important for a large economy like India: S Jaishankar

Being ‘Atmanirbhar’ very important for a large economy like India: S Jaishankar

Exterior Affairs Minister S Jaishankar. PTI File

Emphasising the importance of provide chains, Exterior Affairs Minister S Jaishankar underscored the essential facet of being ‘Atmanirbhar’ (self-reliant), significantly for a big economic system like India.

Referring to companies because the “engine for India’s progress,” he urged enterprise leaders to actively contribute to the event of home provide chains.

Jaishankar delivered these remarks on the 96th Annual Common Assembly (AGM) of the Federation of Indian Chambers of Commerce and Business (FICCI).

Jaishankar mentioned, “I am not in any way, diminishing the importance of international trade, and I am not oblivious to the global supply chain. But I think it’s important, especially for big business in India, to help build Indian supply chains, to support Indian vendors because, at the end of the day, no country will be strong.”

“If it doesn’t have its supply chain, if it doesn’t have its basic requirements, certainly a large economy, a big nation like India, a nation with the kind of ambitions, and future that we have, it is very, very important that we are ‘Aatmanirbhar’,” he added.

He additional acknowledged that immediately the position of enterprise is far broader and it additionally serves the position of main the nation’s modernity and progress.

“Business, today is something very much bigger than just business. All of you who are sitting here, in many ways, are leaders of modernity and progress. Because when you build the economy, when you build industry, as you expand services, as you propagate and spread technology, it is the ideas, the concepts, the projects that you do, and the mindsets that you have created as a result. I think that in many ways is the engine for India’s progress,” he acknowledged.

“You are also builders of national strength…that is the largest responsibility that must be in your mind. One of our concerns in the post-reform period has been that while we have concentrated a lot on growth…the fact is it is in our collective interest would argue in your interest that we build deep strengths at home. How many other economies, many other economies all of you admire, have done at their homes,” Jaishankar added.

With inputs from ANI

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