New Delhi: Prime Minister Narendra Modi has urged industry leaders to scale up investments, adopt emerging technologies and strengthen research efforts to tap opportunities created by India’s free trade agreements (FTAs) with multiple countries.
Addressing the second webinar on Budget 2026-27, the Prime Minister said India is well-positioned to emerge as a reliable and resilient manufacturing partner at a time when global supply chains are undergoing structural shifts. He stressed that higher spending on research and strict adherence to global quality standards are essential for expanding India’s footprint in international markets.
Highlighting that several FTAs have opened new avenues for exports, PM Modi called on businesses to study consumer preferences in partner countries and develop user-centric products tailored to those markets. Quality, he underlined, must remain the central focus to fully leverage these agreements.
PM Modi said manufacturing, MSMEs, logistics and urban development are interconnected pillars of economic growth. He pointed to reforms in MSME classification, improved credit access and technology upgrades, while urging small enterprises to boost productivity and integrate into global value chains.
With record capital expenditure proposed in the Budget, alongside initiatives such as the BioPharma Shakti Mission and Carbon Capture, Utilisation and Storage Mission, he said India aims to strengthen industrial capacity while aligning growth with sustainability.
