FICCI welcomes the 'Panchprana' development strategy announced by Hon'ble Prime Minister

Aug 15, 2022

Private sector to play key role in Atmanirbhar Bharat

NEW DELHI, 15 August 2022: FICCI welcomes the 5 pledges 'Panchprana' development strategy announced by the Hon'ble Prime Minister Mr Narendra Modi for the next 25 years. These include goal for a developed India; Freedom from the idea of servility; Pride in Heritage; Unity and Solidarity; Fulfilling one's duty.

FICCI President Mr Sanjiv Mehta said, "We welcome the direction shown by the Hon'ble Prime Minister by announcing the 5 pledges for India's vision for 2047. The Hon'ble Prime Minister has also called upon the private sector to play a key role in the Atmanirbhar Bharat initiative. The Indian industry will continue to play a dynamic role in achieving this vision."

Mr Mehta further added that as pointed out by the Hon'ble Prime Minister, Azadi ka Amrit Mahotsav is now moving towards Amrit Kaal. "In this Amrit kaal, everyone's effort is necessary, and this collective effort will bring results. This collective endeavor of 'Team India' will turn our dreams into reality," he said while adding that women empowerment and dignity, as highlighted by Hon'ble PM, in an absolute necessity. "The economic impact of achieving gender equality in India is estimated to be $700 billion of added GDP by 2025", Mr Mehta said. "As highlighted by the Hon'ble Prime Minister, we have to fight against corruption and nepotism with all our strength," he added.

FICCI President also highlighted the emphasis made by the Hon'ble Prime Minister that the success of Digital India and Start-ups, with production of semiconductors, 5G networks, Optical fibre network have shown strength in 3 sectors viz. education, health facility and changing common man's lives. "This augur well for the nation going ahead," he added. Mr Mehta also stated that PM's emphasis on R&D and innovation being an integral part of the economic journey is crucial and an absolute necessity to break through the middle-income trap.

Mr Mehta said that while PM's emphasis on the need for self-sufficiency in the energy sector can hardly be overstressed, the Indian industry is leaving no stone unturned to achieve this goal. "Be it in ethanol blending, clean energy or EVs, the strides taken by the private sector are commendable and the industry will continue to take more steps to ensure that India becomes self-sufficient in the energy sector," he added.