Need to reduce dependence on electronic imports, says Modi

Favouring reduced dependence on imports, particularly, of electronic items, BJP's prime ministerial candidate Narendra Modi today said there should be focus on manufacturing sector along with services to tide over the mismatch as also to ensure better inclusive growth.

"Electronics imports have a big share in our overall import basket. We must focus on manufacturing, particularly in strategic sectors like defence...There is also a need to focus on promoting hardware as much as software to ensure inclusive growth," Modi said during the 25th Nasscom leadership summit here through a webcast.

Stating that the country is facing several challenges, Modi said these can be converted into golden opportunities.

Describing IT as a change-agent, Modi said IT has the power to transform the country in several ways.

"I see IT as a change-agent. It empowers, connects and can bind isolated parts of the nation and create harmony. IT can join people with governments, bridge the gap between demand and supply, and can bring us closer to knowledge."

Just like the British built bridges and rail lines, information highway network can today play a very big role in transforming the nation, he said.

While there are talks about inclusive growth, what is required along with this is the inclusive infrastructure as well, the senior BJP leader said, adding, "we will put the country on road to fast inclusive development."

The Gujarat chief minister also said that e-governance is the most effective form of governance and his state has taken several initiatives in this regard to make life easier for the common man.

"We must bring down the digital divide. We can't have two Indias, one racing ahead and another moving on a reverse gear. This will add to our problems," he said.

"I keep saying that IT+IT=IT (Indian Talent + Information Technology = India Tomorrow). The IT sector can be the shining light of Brand India," he said.

"We are among the most youthful nations. Just imagine the energy and potential of this talent pool. We need to empower our youth with skills for their development and the growth of India. This way we will succeed in putting India on the road to fast and inclusive development," Modi said.

EDITORIAL OF THE DAY

  • Insurance regulator must ban differential pricing and exemptions on health covers

    To reduce their overall losses, non-life insurance companies have been increasing the health insurance premium they charge retail customers, both at t

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Kumar Jain

Reframe mindset to achieve excellence

Niels Bohr, the famous quantum physicist on­ce said, “The opposite ...

Kuruvilla Pandikattu

More real than the reality

Virtual reality (VR), a te­chnology that offers an un­imaginably altered ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture