Devendra Fadnavis says democratic India can lead global supply chains

A democratic nation like India can serve as a reliable base for global supply chains amid geopolitical shifts and supply chains getting weaponized Maharashtra Chief Minister Devendra Fadnavis said on Saturday reported news agency PTIAddressing a gathering at the foundation stone laying ceremony of XSIO Logistics Advanced Industrial Park in Nagpur he also said manufacturing is getting reshaped completely because of innovation and automationAdvanced manufacturing is becoming the new mantra of this era and manufacturing is getting into the next scale with precision innovation sustainability automation AI based technologies are changing the manufacturing sector in a big way he said reported PTIManufacturing sector is very important for India which has become the fourth biggest economy in the world and is on its way to become the third biggest the CM added reported PTIIn an apparent reference to the Iran crisis and its affect on the vital Strait of Hormuz Fadnavis said When supply chains in the world are shifting in a big way due to geopolitical reasons and supply chains are also getting weaponized a democratic country like India can stand as a reliable base for the global supply chain in such times reported PTIThis can also facilitate the Viksit Bharat vision of Prime Minister Narendra Modi he assertedThe industrial park whose foundation stone was laid today is a very important example Because global capital will only go to such places where there will be plug and play facility wherein supply chains will be created Fadnavis said reported PTIFadnavis frowns on speculative LPG cylinder shortage reports not in interest of countryMeanwhile Maharashtra Chief Minister Devendra Fadnavis on Saturday said news reports on the potential shortage of LPG cylinders amid the West Asia conflict are speculative and not in the interest of the country reported PTIHe appealed to the media to refrain from speculative reporting stressing that the Centre is looking into the situationResponding to a query regarding news reports about the potential shortage of LPG cylinders Fadnavis appealed to the media not to create panic or fear among the citizens without any reason reported PTIShowing speculative reports and discussing hypothetical scenarios leads to panic and confusion which is not in the interest of the country and society The Central government has clearly stated this yesterday he added reported PTIQueried on the timeline for the implementation of a loan waiver announced by him in the Budget 202627 Fadnavis said some people are trying to create confusion by claiming that the crop loan writeoff wont be implemented by nationalised banks district banks or certain credit societiesWe will grant a loan waiver upto Rs 2 lakh on any bank which extends crop loans We want to ensure that farmers benefit through this initiative not banks We have already announced that the loan waiver will be implemented before June 30 This waiver will be better than the previous such measures he addedWith inputs from PTI