The Swadeshi Jagran Manch strongly supports Prime Minister Narendra Modi’s call for ‘Atmanirbhar Bharat Abhiyan’, or ‘Self-Reliant India Mission’. This is not only fulfilling, but we also believe that PM Modi’s 30-minute televised address vindicates the SJM’s 30 years of struggle to see India as an economically independent and self-reliant nation.
This is sunrise for a new day. PM Modi has set the foundation for India to take not only quantum jump, but also create more opportunities and respect for the indigenous entrepreneurs. The PM’s call to be vocal for local, will have strong resonance. The PM’s appeal has a large reach, and it will strengthen indigenous and local brands among the consumers, to ultimately become global brands. The constant endorsement of the PM Modi, would help these entrepreneurs get more respect and acceptance globally.
The PM’s bold step of stitching together Rs 20 lakh crore, nearly 10 per cent of GDP package, offering relief and opportunities for labour, small retailer, small entrepenuer, micro enterprises along with farmers, honest tax payers and other businesses; will take the country into a more positive direction. As Finance Minister Nirmala Sitharaman will announce the details in days to come, SJM hopes that the fine details of this package, will not only lead to end the ills of badly designed and implemented 1991 liberalisation and subsequent integration into exploitative globalisation; but will lead to employment oriented inclusive growth.
SJM believes that the Covid-19 or Chinese Virus has already accelerated the collapse of the existing model of globalisation. The model, which is not only exploitative but has also reduced the opportunities for job creation. The era of economies of scale is passé, and the forthcoming era is of economies of scope. Chinese virus will be a natural non-tariff barrier for various products in many jurisdictions. SJM believes that the new era, would be to make products inside the geographical limits of the nation.
In this context, PM Modi is absolutely right when he says that the Indian model of globalisation would be more inclusive and will lead to opportunities not only in India, but also in the partner emerging economies. India’s business ethos always believed in the partnership, not exerting ownership. SJM strongly backs, PM Modi’s call for rebuilding the globalisation on the principles of ‘Vasudhaiva Kutumbakam’ or world as a family.
SJM is with the Prime Minister, when he identifies this as an appropriate time to take a quantum jump. And we are standing with the PM Modi to achieve this.
The SJM supports PM Modi’s identification of five pillars for achieving self-reliance; a) economy with potential for quantum jump, not incremental growth, b) investments in infrastructure, c) technology driven services, d) demographic dividend and e) reforming the supply chain.
In fact, SJM supported PM’s efforts to create the plug and play infrastructure for all those global investors who want to shift their base from China to India, provided they do backward integration for utilisation of domestic content, b) not allowed to repatriate the royalties and c) investments would be for the export oriented products. If they want to sell their products to the Indian markets, then custom and other import tariffs should apply.
Author is National Co-Convenor of Swadeshi Jagran Manch
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