Indian PM Modi stresses on minimum government and maximum governance in the business sector

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NEW DELHI, 5 March, 2021 (TON): Considering lesser government intervention into businesses, PM Modi on Friday asserted that the Center views government’s intervention into businesses tend to create more problems and no solutions.

While speaking at a webinar on the production-linked incentive schemes, he stressed on government’s self-regulation, self-attesting, self-certification and maximum governance.

Modi also said that the manufacturing sector should focus on the quality of products and adopt the motto of "zero effect, zero defect".

He stressed that these policies and strategies of the government will help in the growth of the entire ecosystem related to those sectors.

"The benefit provided to advanced cell batteries, solar PV modules and specialty steel will modernize the country's energy sector and in the same way the benefits for textile and food processing sector will support the agriculture sector," he said.

It is likely that PM’s tends to point towards doubling workforce in the sectors of auto and pharma sectors under PLI schemes in the next five years.

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