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Prime Minister Narendra Modi emphasizes on privatization of government companies

Modi said- Government’s business is not doing business

Narendra Modi said that the mantra the government is moving forward with is Monetize and Mordenize. When the government monetizes, the private sector of the country fills that space.

The private sector also brings investment and brings better global practices.

Prime Minister Narendra Modi said that the government’s business is not that it should remain in business.

The PM said that his administration is committed to privatizing all government companies except for a few in four strategic areas.

The PM said,

“It is the duty of the government to cooperate with the industries and businesses, but it is not necessary that the government should own and run the business itself”.

Narendra Modi

Prime Minister was speaking in a webinar organized by the Department of Investment and Public Asset Management (DIPAM) on the subject of privatization.

Modi said,

‘Our government’s effort is to improve the standard of living of the people as well as to reduce the unnecessary interference of the government in people’s lives.

That is, there is no lack of government in life, nor should there be influence of government.

The Prime Minister said,

‘Due to the comfortable environment for FDI and incentives like PLI,

Today there is an increased enthusiasm for investors in India. This is also clearly visible in the record FDI investment in the last few months.

Narendra Modi said,

‘The mantra that the government is moving forward with is Monetize and Mordenize. When the government monetizes, that space fills the private sector of the country. “

“The private sector also brings investment and brings better global practices. This brings things and modernization, modernization of the entire sector, rapid expansion of the sector and new employment opportunities.

The PM said,

Over the years, our government has made continuous reforms to make India an important place for business. Today India is equipped with one market-one tax system.

Today, companies in India have excellent channels for entry and exit. These entire processes should be transparent, remain under the rules, for this monitoring is equally necessary.

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Posted by: Manoj Yadav

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