Prime Minister Narendra Modi on Friday (16 September) reiterated his commitment to make India a manufacturing hub in the wake of the COVID-19 pandemic and the Russia-Ukraine war which has caused global supply-chain disruptions.
"The world is overcoming COVID-19 pandemic. Several disruptions occurred in the global supply chain because of the COVID and Ukraine crisis. We want to transform India into a manufacturing hub," PM Modi said while addressing the 22nd Summit of the Council of Heads of the Shanghai Cooperation Organization (SCO) Member States in Samarkand, Uzbekistan.
He said that India’s economy is expected to grow at the rate of 7.5 per cent this year.
"I'm glad that ours is one of the fastest growing economies among the largest economies of the world," PM Modi said.
“We are focussing on a people-centric development model. We are supporting innovation in every sector. Today, there are more than 70,000 start-ups and over 100 unicorns in our country,” he said.
PM Modi said that the COVID-19 pandemic and the crisis in Ukraine have caused many disruptions in global supply chains, leaving the world facing unprecedented energy and food crises.
He also emphasised on the constructive role SCO can play in the post-COVID era particularly in furthering economic recovery and strengthening supply chains.
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