PTI New Delhi

Prime Minister Narendra Modi on Tuesday nudged the Indian industry for "big steps" to take advantage of global opportunities at a time when the world is looking at India as a trusted partner, saying the government will launch two missions to promote manufacturing and exports.  Addressing a post-budget webinar, Modi asked the industry to identify new products that can be manufactured in the country to meet global demand. 

"Our country is capable of doing this, all of you (industry) are capable, this is a great opportunity for us. I want our industry should not look at these expectations of the world as a mere spectator. We cannot remain spectators, you will have to look for your role in this, you will have to seek opportunities for yourself," Modi told the industry players.

The PM also stressed the need to develop new modes of credit delivery to ensure access to timely and low-cost funds to over six crore micro, small and medium units across the country.  He said five lakh first-time women and SC&ST entrepreneurs will be provided loans of up to Rs 2 crore.

"Today, India is a growth engine for the global economy. India has proved its resilience even in difficult times... Today, every country wants to strengthen its economic partnership with India. Our manufacturing sector should take advantage of this partnership," Modi added. 

"I want to assure the stakeholders in manufacturing and export sectors that this will continue in the coming years. I urge you to move ahead with confidence and take big steps. For the country's manufacturing and export sectors new avenues have been opened," Modi said.