Industry must invest, innovate; take advantage of Budget announcements: Modi
New Delhi (PTI): Prime Minister Narendra Modi on Friday asked the industry to come forward with investment and innovation, and exhorted financial institutions to help them with practical solutions and strengthen market confidence.
Addressing a post-Budget webinar on 'Technology, Reforms and Finance for Viksit Bharat', Modi said when government, industry and knowledge partners come together, "reforms translate into results", and "announcements on paper turn into achievements on the ground".
In the last one decade, the government has laid emphasis on infrastructure, he said, adding that public capex has increased from Rs 2 lakh crore 11 years ago, to over Rs 12 lakh crore in the Union Budget 2026-27.
This high capex allocation is a signal to the private sector to come forward with new vigour, Modi said, adding that the industry should take advantage of all the 2026-27 Budget announcements.
"India Inc should come forward with fresh investment, innovation; financial institutions should help design practical solutions and improve market confidence," Modi said.
Over the past decade, India has demonstrated extraordinary resilience, the PM said, adding that this has not happened by chance but due to conviction-driven reforms.
The government has also simplified processes and made ease of doing business much simpler.
"My suggestion is that we should develop a clear 'Reform Partnership Charter' which will have collaboration between government, industry, financial institutions and academia. This charter will become an important document in the goal to achieve Viksit Bharat by 2047," he said.
Observing that the Budget is often evaluated on different parameters, Modi said "the national Budget is not a short-term trading document. It is a policy roadmap. Therefore, the effectiveness of the Budget should also be assessed on solid and substantive parameters".
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Tumkur: 24-year-old rider killed in car-bike head-on collision in Tiptur
Tiptur: A 24-year-old rider was killed on the spot in a head-on collision between his motorbike and a car near Bidiregudi of Kasaba hobli in the taluk.
The deceased rider, Vijay Kumar, was a resident of BL Koppalu Basaveshwara Nagara in Kasaba hobli, Arsikere taluk.
He was reportedly returning home after work at a welding factory near TM Manjunath Nagar Gate, Tiptur, when a car coming from the opposite direction collided with his bike near Bidiregudi. Vijay Kumar is said to have died at the spot due to the impact of the collision.
Locals have blamed the lack of signboards and other precautionary measures amid the construction of a four-lane national highway in the area, mainly between Bidiregudi and Konehalli. They have said that the carelessness of the National Highway Authorities of India (NHAI) has led to frequent accidents in the region.
“A meeting of officers from various government departments, including the police, was held recently under the chairmanship of the local legislator, but several NHAI officials were reportedly absent. Despite the meeting, officials appear careless in implementing safety measures, leading to a rise in accidents,” the locals said, demanding immediate action from the concerned authorities.
