PM Modi Calls for Higher Private Investment, R&D Focus to Scale Manufacturing
PM Modi asks industry to raise investment and prioritise research to expand manufacturing capacity.
Prime Minister Narendra Modi on Tuesday called on Indian industry leaders to significantly increase investment, prioritise research and adopt cutting-edge technologies to scale up the country’s manufacturing base and make domestic production globally competitive. His remarks reflect a renewed push by the government to deepen India’s industrial ecosystem and elevate the role of private sector participation in strategic sectors.
In a statement delivered at an industry-focused event, Modi emphasised that investment alone is not sufficient — companies must embed research and innovation into their core business strategies to drive sustainable growth and transition up the value chain. He stressed that embracing emerging technologies, including those related to automation and advanced manufacturing processes, would be key to improving domestic productivity and competitiveness.
Modi also highlighted the importance of creating a conducive environment for private investment, including regulatory reforms and stable policy frameworks that give both domestic and foreign investors confidence. According to officials, the Prime Minister reiterated that the government will continue to support industry efforts to innovate, while urging Indian businesses to make bold investment decisions that help catalyse growth in new sectors.
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The call comes amid broader economic discussions as India seeks to expand its manufacturing footprint and reduce dependency on imports in key technology and industrial segments. Recent international deals, including expanding trade ties and collaboration in areas such as semiconductors and technology innovation, underscore this strategic priority.
Industry analysts note that Modi’s appeal aligns with long-standing government initiatives like Make in India, aimed at strengthening the domestic manufacturing ecosystem by attracting capital and fostering innovation — though the sector’s contribution to GDP has seen slower than expected growth in recent years.
Meanwhile, corporate leaders, including conglomerates like the Tata Group, have announced fresh investment commitments in sectors such as hydrogen-based industries and advanced technologies, signaling positive industry response to the government’s investment and innovation agenda.
Modi’s message underscores that future economic momentum will depend not only on capital influx but also on relevant research, skill development, and adoption of next-generation technologies — a vision that policymakers hope will expand India’s industrial capabilities on the global stage.
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