Latest news with #TechAtmanirbharBharat
Hindustan Times
10-08-2025
- Business
- Hindustan Times
PM Narendra Modi says economy strong, seeks self-reliance in tech
India is the world's fastest-growing major economy and is rapidly moving towards becoming a global leader, Prime Minister Narendra Modi said in Bengaluru on Saturday, days after US President Donald Trump described the country's economy as 'dead' amid escalating trade tensions between the two nations. PM Narendra Modi with Karnataka CM Siddaramaiah, deputy CM DK Shivakumar, and Union minister Manohar Lal during a Metro ride in Bengaluru on Sunday. (ANI) Addressing a public gathering after inaugurating the 19-kilometre Yellow Line of the Bengaluru Metro, Modi said India was on track to become one of the world's top three economies as he credited the country's economic momentum to the central government's 'reform, perform, transform' approach. 'India is currently the fastest-growing major economy in the world. In the past eleven years, India's economy has risen from the 10th position to the top five globally and is rapidly progressing towards becoming one of the top three economies,' he said. The PM's endorsement of the country's economic growth came after Trump, on July 30, announced 25% punitive tariffs on Indian goods entering America for purchasing Russian oil. A day later he again targeted India, saying, 'I don't care what India does with Russia… They can take their dead economies down together, for all I care.' On August 6, he signed an executive order imposing an additional 25% tariff on Indian goods. India has called the American actions 'unfair, unjustified and unreasonable' and said it will take all actions necessary to protect its national interests. In his address, Modi also called for the country to accelerate its self-reliance in the technology sector as he pressed for a stronger 'Tech Atmanirbhar Bharat'. 'Indian tech companies have made their mark on the global stage. They have built software and products for the world. The time has come to give greater priority to the needs of India. We must move forward in manufacturing new products,' he said. The statement was in line with his August 2 remarks in which he called on citizens to adopt the spirit of 'swadeshi' and support locally made products, stressing that true service to the nation lies in promoting indigenous goods amid global economic uncertainties. The additional 25% tariffs, due to take effect on August 27, will put Indian exporters at a significant disadvantage compared to their rivals in Bangladesh, Indonesia and Vietnam – which face tariffs of between 19% and 20%. In his speech, Modi said that the country's rapid pace of development was linked to its economic growth as he focused on the rise of the country's exports. 'Before 2014, India's total export was $468 billion, but today it is $824 billion. We used to import mobile phones but now we are among the top five exporters of mobile handsets. Our electronic export before 2014 was $6 billion, which has gone up to $38 billion dollars,' Modi said. He added: 'These achievements give strength to our concept of Atmanirbhar Bharat (self-reliant India). We will march together and build a developed India.' Karnataka chief minister Siddaramaiah, deputy chief minister DK Shivakumar, Union ministers Manohar Lal Khattar and Ashwini Vaishnaw were also present on the occasion. During his visit, the PM also laid the foundation stone for the Bangalore Metro Phase-3 project and flagged off three Vande Bharat Express trains as he underscored the country's growing infrastructure footprint across sectors by highlighting the increase in the number of metro rail services, railway lines, airports, AIIMS and IITs. This was the first time Modi visited Bengaluru since Operation Sindoor, India's military action against terror hubs in Pakistan and Pakistan Occupied Kashmir (PoK) in retaliation to April's Pahalgam attack, in which 26 civilians were killed. Modi credited the success of the operation to indigenous defence technologies. 'A key factor in the operation's success was 'Make in India' in defence, which had immense contribution from the youth of Karnataka and Bengaluru,' he said. I congratulate the youth of this state,' he said, adding that Pakistan, which 'came to defend the terrorists', was forced 'to its knees' within hours. Praising the city's global standing, he called Bengaluru 'a city that has become a symbol of the rise of the new India… A city that has put India's flag on the global IT map. If there is anything behind Bangalore's success story, it is the hard work and talent of its people.' Siddaramaiah, who spoke before Modisaid the state has been spending more than the Centre on Bengaluru's metro network, even though the project is meant to be jointly funded. 'Works for the Bengaluru Metro started in 2005 when Dr Manmohan Singh was the Prime Minister, and the agreement was to take up works in a 50:50 fund ratio. However, the state's contribution to building the metro is high,' he said, urging the Centre to match Karnataka's funding model with that of Maharashtra and Gujarat. In response, Modi called for cooperation over political rivalry. 'Whether it is the central government or the state government, all are committed to serving the people,' he said.
India.com
10-08-2025
- Business
- India.com
‘Tech Atmanirbhar Bharat: PM Modi Urges Indian Firms To Prioritise Countrys Needs
Bengaluru: PM Modi on Sunday urged the country's tech companies to prioritise India's needs in this particular sector instead of focusing on developing software and products for other countries. He said this while addressing a gathering at the IIIT Auditorium in Electronics City, Bengaluru, after laying the foundation stone for the Metro Phase 3 project on Sunday. The Prime Minister elaborated: 'Considering the present scenario, our next priority should be 'Tech Atmanirbhar Bharat'. Indian tech companies have made their mark on the global stage. They have built software and products for the world. The time has come to give greater priority to the needs of India. We must move forward in manufacturing new products. Today, software and apps are used in every domain, and India should aim to be at the top. This is of great significance." Amidst the current achievements, our next major priority should be a 'Tech Atmanirbhar Bharat'. Indian tech companies have made their mark all over the world. We have created software and products for the entire globe. Now the time has come to give even greater priority to… — All India Radio News (@airnewsalerts) August 10, 2025 'In emerging fields, we must work towards securing a leading position. In the 'Make in India' sector, Bengaluru and Karnataka should strengthen their presence in manufacturing. My appeal is that our products should meet the 'zero defects, zero effect' standards -- meaning no defects in the products and no negative impact on nature during production. I am confident that Karnataka's talent will lead the vision of an Atmanirbhar Bharat,' PM Modi said. He highlighted that economic growth is driving the country's progress. 'Before 2014, India's total exports were worth $480 billion. Today, they have reached $850 billion. Earlier, we used to import mobile phones, but now we are among the top five exporters of mobile handsets. Bengaluru plays an important role in this,' he stated. 'Before 2014, our electronic exports were around $6 billion; now they stand at $38 billion. Automobile exports in 2014 were $16 billion, and today that figure has doubled. India has become the fourth-largest exporter of automobiles. This growth strengthens our Atmanirbhar Bharat vision,' PM Modi added. The Prime Minister emphasised that 'the journey of New India is intertwined with Digital India. Our country is moving towards global AI leadership and gaining momentum in the semiconductor space. India will soon have its own 'Made in India' chip. We have also become a global example of low-cost, high-tech space missions. India is advancing in futuristic technology, and at the core of this progress is the empowerment of the poor". He said digitalisation has reached even the villages. 'Through UPI, more than 50 per cent of the world's real-time transactions take place in India. Technology is bridging the gap between people and the government. About 2,200 government services are available on mobile phones. Through the 'Umang' app, citizens can get their work done from home,' he stated. 'We are also investing in AI-powered theft detection technology. Our aim is to ensure that even the last person in society benefits from the digital revolution. Bengaluru is playing an active role in this effort,' the Prime Minister said.
Hans India
10-08-2025
- Business
- Hans India
‘Tech Atmanirbhar Bharat': PM Modi urges Indian firms to prioritise country's needs
Prime Minister Narendra Modi on Sunday urged the country's tech companies to prioritise India's needs in this particular sector instead of focusing on developing software and products for other countries. He said this while addressing a gathering at the IIIT Auditorium in Electronics City, Bengaluru, after laying the foundation stone for the Metro Phase 3 project on Sunday. The Prime Minister elaborated: 'Considering the present scenario, our next priority should be 'Tech Atmanirbhar Bharat'. Indian tech companies have made their mark on the global stage. They have built software and products for the world. The time has come to give greater priority to the needs of India. We must move forward in manufacturing new products. Today, software and apps are used in every domain, and India should aim to be at the top. This is of great significance." 'In emerging fields, we must work towards securing a leading position. In the 'Make in India' sector, Bengaluru and Karnataka should strengthen their presence in manufacturing. My appeal is that our products should meet the 'zero defects, zero effect' standards -- meaning no defects in the products and no negative impact on nature during production. I am confident that Karnataka's talent will lead the vision of an Atmanirbhar Bharat,' PM Modi said. He highlighted that economic growth is driving the country's progress. 'Before 2014, India's total exports were worth $480 billion. Today, they have reached $850 billion. Earlier, we used to import mobile phones, but now we are among the top five exporters of mobile handsets. Bengaluru plays an important role in this,' he stated. 'Before 2014, our electronic exports were around $6 billion; now they stand at $38 billion. Automobile exports in 2014 were $16 billion, and today that figure has doubled. India has become the fourth-largest exporter of automobiles. This growth strengthens our Atmanirbhar Bharat vision,' PM Modi added. The Prime Minister emphasised that 'the journey of New India is intertwined with Digital India. Our country is moving towards global AI leadership and gaining momentum in the semiconductor space. India will soon have its own 'Made in India' chip. We have also become a global example of low-cost, high-tech space missions. India is advancing in futuristic technology, and at the core of this progress is the empowerment of the poor". He said digitalisation has reached even the villages. 'Through UPI, more than 50 per cent of the world's real-time transactions take place in India. Technology is bridging the gap between people and the government. About 2,200 government services are available on mobile phones. Through the 'Umang' app, citizens can get their work done from home,' he stated. 'We are also investing in AI-powered theft detection technology. Our aim is to ensure that even the last person in society benefits from the digital revolution. Bengaluru is playing an active role in this effort,' the Prime Minister said.
Time of India
10-08-2025
- Business
- Time of India
‘Zero defect, zero effect': PM Modi on improving standards of 'Make in India' products; calls for ‘Tech Atmanirbhar Bharat'
File photo: PM Modi (Picture credit: PTI) NEW DELHI: Prime Minister Narendra Modi on Sunday called for for 'zero defect and zero effect' manufacturing for ' Make in India ', meaning flawless products with no environmental harm. Speaking at a public event in Bengaluru, PM Modi emphasised that India's economy has climbed from 10th place to the top five in the past 11 years, and urged the youth of Bengaluru and Karnataka to lead the 'Make in India' and ' Atmanirbhar Bharat ' initiatives. "We have to strengthen the presence of Bengaluru and Karnataka in 'Make in India'. I urge that our products should be of the standards of 'Zero Defect, Zero Effect'. That is, there should be defect-free products, and their manufacturing should also not have any negative impact on the environment. I expect that the talent of Karnataka will lead this vision of 'Aatmnirbhar Bharat'", the Prime Minister said. The Prime Minister said the next big focus should be a 'Tech Atmanirbhar Bharat,' pushing for innovation and self-reliance in technology. 'Now is the time to give more priority to the needs of India and move ahead faster in developing new products,' he said. He further said that India's economy is advancing at a rapid pace and is on course to become the world's third-largest and credited the progress to the government's 'reform, perform and transform' approach, clear intentions, and honest efforts. 'We are rapidly moving towards becoming the top third economy,' he said. 'This speed came to us from the spirit of reform, perform, and transform. This speed came to us from clear intention and honest efforts.' Highlighting infrastructure gains since 2014, the Prime Minister noted that metro services have expanded from just five cities to more than 1,000 km of network in 24 cities. Rail electrification has doubled from 20,000 km to over 40,000 km, airports have risen from 74 to over 160, and operational national waterways have increased from three to 30. Citing the recent success of Operation Sindoor , PM Modi credited the achievement to indigenous defence technology and the role of Karnataka's youth. 'The success of Operation Sindoor is due to our technology and the power of 'Make in India' in defence. The youth of Bengaluru and Karnataka have contributed a lot to this,' he said, adding that Bengaluru has become a symbol of the new India's rise. "We are seeing Bangalore emerging as a city that has become a symbol of the rise of the new India... A city that has put India's flag on the global IT map. If there is anything behind Bangalore's success story, it is the hard work and talent of its people," the Prime Minister said. This was PM Modi's first visit to the city since the operation, and he praised India's ability to destroy terrorist hideouts deep across the border, forcing Pakistan 'to its knees' within hours. Earlier in the day, the Prime Minister inaugurated Bengaluru Metro 's Yellow Line from RV Road (Ragigudda) to Bommasandra, part of the Rs 7,160 crore Phase-2 project. According to news agency ANI, the 19 km route with 16 stations will extend the city's metro network to over 96 km, benefiting more than six lakh daily commuters. PM Modi also laid the foundation stone for the Rs 15,610 crore Phase-3 project and flagged off three Vande Bharat Express trains, underlining the government's push for modern, world-class rail travel. However, his comments came amid escalating trade tensions with the United States. US President Donald Trump recently announced tariffs totalling 50% on Indian imports, accusing New Delhi of buying Russian oil and indirectly funding the Ukraine war.
