<p style="font-weight: 400;">Prime Minister Narendra Modi, addressing his last Mann Ki Baat of 2020 on Sunday underlined the need for Indian manufacturing sector to intensify the ‘vocal for local’ mantra. He had announced the need to amplify the Atmanirbhar scheme by going 'vocal for local' amid Covid 19 induced economic slowdown, which also disrupted the global supply chains.</p>
<p style="font-weight: 400;">Modi and his men have underlined the need to boost manufacturing while focusing on ‘Make for World’ as the mantra of self-reliance gained momentum.</p>
<p style="font-weight: 400;">The Prime Minister had also emphasised the need to boost investments. He invited investors, global as well as domestic to invest in India. In his Mann Ki Baat, he urged manufacturers in the country to ensure that products are world class with zero defects.</p>
<p style="font-weight: 400;">"I call upon our manufacturers and industry leaders that when people have taken determined step forward & when the mantra of ‘Vocal for Local’ is resonating in every house, it is time to ensure that our products are world-class," Modi said, adding that the year has echoed the ethos of 'Atmanirbhar Bharat.'</p>
<p style="font-weight: 400;">"Due to Covid 19, the supply chains got disrupted the world over but we learnt new lessons from each crisis. The nation also developed new capabilities. We can call this capability Atmanirbharata or self-reliance," Modi said.</p>
<p style="font-weight: 400;">In May the Centre announced a Rs 20 lakh crore stimulus package under the scheme to boost Indian entrepreneurship and manufacturing. Thereafter it thrashed out another booster package in November to boost sagging economic growth.</p>
<p style="font-weight: 400;">Addressing a press conference last months, Finance Minister Nirmala Sitharaman said that the total stimulus package fleshed out stands at Rs 29.87 lakh crore, which is 15 per cent of the GDP. This, however, includes measures by the Reserve Bank of India.</p>
<p style="font-weight: 400;">India announced a stringent lockdown on March 25 to contain the spread of the coronavirus pandemic. Economic activities gradually opened up since May-end but several sectors remained under stress.</p>.
