PM Modi credits startups for creating over 40 lakh direct and indirect jobs

New Delhi, Apr 13 (KNN) Addressing Rashtriya Rozgar Mela virtually on Thursday, Prime Minister Narendra Modi said that Startups have created more than 40 lakh direct and indirect jobs in the country.

He virtually distributed appointment letters to 71,000 new recruits in the Rashtriya Rozgar Mela.

“Startups have created more than 40 lakh direct and indirect jobs; this shows India's resilient startup culture. Today India is the fastest-growing economy in the world. The policy and strategy being followed by today's New India have opened up new possibilities and opportunities in the country,” PM Modi said on the occasion.

Noting that India is one of the fastest growing economies of the world, the Prime Minister said that the world is seeing India as a bright spot amidst the global challenges of recession and pandemic.

“Today’s New India is moving with policies and strategies that have opened the doors for new possibilities,” he added.

The Prime Minister said “The thinking and approach of Aatmnirbhar Bharat Abhiyan go beyond adopting swadeshi and ‘vocal for local’. Aatmnirbhar Bharat Abhiyan is an ‘abhiyan’ of creating crores of employment opportunities from villages to cities.”

He gave examples of indigenously made modern satellites and semi-high-speed trains. He said that more than 30000 LHB coaches have been manufactured in India in the last 8-9 years. Technology and raw materials for these coaches have created thousands of jobs in India.

PM Modi also mentioned the strides made in the field of mobile phone manufacturing in the last few years. He said that by encouraging local manufacturing and providing incentives for that, India saved a lot of foreign exchange as India is now exporting mobile handsets along with meeting the local demand.

He also highlighted the role of investment in infrastructure in employment generation.

He said that emphasis on capital expenditure is creating infrastructure like roads, railways, ports and buildings. 

Highlighting the employment potential of infrastructure, the Prime Minister informed that during the tenure of the present government capital expenditure has grown four-fold.  (KNN Bureau)