PM Modi urges India Inc to invest, leverage Budget push for growth

Prime Minister Narendra Modi on Friday urged India Inc to step up investments and innovation emphasising that the government has already laid a strong foundation through policy reforms and increased capital expenditure reported news agency PTIAddressing the first postBudget webinar on lsquoTechnology Reforms and Finance for Viksit Bharatrsquo PM Modi said the private sector must now take the lead in driving Indiarsquos next phase of globally competitive growthldquoIndia Inc should come forward with fresh investment and innovationrdquo he said calling for closer collaboration between industry financial institutions and policymakers reported PTICapital Expenditure Surge Signals Investment OpportunityHighlighting the governmentrsquos focus on infrastructureled growth PM Modi noted that public capital expenditure has risen sharply from Rs 2 lakh crore 11 years ago to over Rs 12 lakh crore in the Union Budget 202627 reported PTIHe said this sustained increase in spending across sectors such as highways railways ports airports energy and digital infrastructure is intended to crowd in private investment and enhance longterm productivityThe Prime Minister added that the higher allocation should serve as a strong signal for businesses to invest with renewed confidence and take advantage of Budget announcementsFocus on Reforms Technology and Delivery ExcellencePM Modi stressed that while policy intent is crucial effective implementation is equally important He called for improving project appraisal systems and strengthening sanction methodologies to ensure faster execution reported PTIHe also highlighted the role of advanced technologies such as artificial intelligence blockchain and data analytics in enhancing transparency efficiency and accountability in governance and financial systemsIndiarsquos resilience over the past decade he said has been driven by consistent reforms ease of doing business initiatives and technologyled governanceProposal for lsquoReform Partnership CharterrsquoTo deepen collaboration PM Modi proposed the creation of a lsquoReform Partnership Charterrsquo involving government industry financial institutions and academia The initiative aims to ensure that reforms translate into measurable outcomes on the ground reported PTIHe also pointed to investorfriendly measures such as simplified foreign investment frameworks and efforts to deepen the bond market while suggesting the development of lowrisk financial instruments to attract sustained global capitalDescribing the Union Budget as a longterm policy roadmap rather than a shortterm document PM Modi said its success should be judged on tangible outcomes rather than immediate market reactions reported PTIHe concluded by urging stakeholders to use postBudget webinars as platforms for meaningful brainstorming ensuring that policy announcements are effectively converted into realworld achievements aligned with the vision of lsquoViksit Bharat 2047rsquoWith inputs from PTI