Prime Minister Narendra Modi on Friday highlighted the need for reducing compliances burden and said it is the effort of the government to reduce 6,000 compliances burden at the state and Central level this year. We believe that government interference in everything creates more problems rather than solutions. That is why we are emphasising on self-regulation, self-attesting, self-certification, he said. This year, our effort is to reduce 6,000 compliances burden at the state and Central level. The compliance burden should be reduced. Technology has come. I want to get rid of the forms for everything. Your suggestions and advice are priceless in this relation. With technology, we must reduce such compliances, he added.
PLI scheme to make major impact on India’s MSMEs: PM
March 05, 2021
× The Prime Minister Narendra Modi on Friday said that production linked incentive (PLI) scheme would make a major impact to the country’s micro small and medium enterprises (MSMEs) ecosystem by creating the anchor units in every sector that will need a new supplier base across the entire value chain.
He urged the industry to join and take advantage of the PLI scheme and added that the focus of the industry should be on creating ‘Best Quality Goods’ for the country and the world. He also urged the industry to innovate according to the needs of the fast changing world, increase our participation in R&D, upgrading the manpower skills and use of new technology.
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