Work is on for Atmanirbhar Bharat: PM Narendra Modi
Prime Minister Narendra Modi Wednesday, talking about reforms undertaken in Budget 2021, said that work was underway for Atmanirbhar Bharat.
"There was a different time when public sector enterprises were established and the needs were also different," he said, adding that "There was always scope to reform the policy which was good 50-60 years ago."
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"Now when we are bringing reform, our aim is to optimally utilise public money," said PM Narendra Modi on Budget 2021.
"The Govt was going ahead with the mantra of 'Monetise & Modernise'. When Govt monetises, that space is filled by the private sector of the country," he added. The private sector brings investment and best global practices with them, he said.
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He added that several public sector enterprises were loss-making and several of them need the support of public money. "It burdens the economy," he said, adding that public sector enterprises should not be run because they were started many years ago and were someone's pet project.
"I can understand the need of any public sector enterprise if it is fulfilling the needs of any sector and of any strategic importance. It is the responsibility of the govt to supply support country's enterprise and business but there is no need," he stated.
"For Atmanirbhar Bharat, work is going on in full swing on modern infrastructure and multi-modal connectivity," he said, adding that "We're working on Rs 111-trillion National Infrastructure Pipeline. There is a scope for the private sector to invest around Rs 25 trillion in this project."
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-PTC News
