India Inc welcomes Modi's 'Make in India' campaign

Reliance Industries chairman Mukesh Ambani, committing himself to PM Narendra Modi's 'Make In India' project, on Thursday said the long term GDP growth potential of india is eight to ten percent and that India is poised on high growth trajectory.

Ambani said 'Make in India'is a coinage typical of "narendra bhai modiji". It is about present and future, and not past as described by "made in India".

"You have inspired the whole india to dream and do", Ambani said.

Referring to the Mars orbiter success, he said the cost of the project comes to an amazing rs 7 per km, less than travelling in an autorickshaw.

The PMs interactions with Japan and China and now anticipation of the US visit has created a positive environment, according to ambani.

RILs Rs 80000 crore investment will come to fruition in next 12 to 15 months, he said, adding the group will create over hundred thousand jobs in that period.

Speaking at the event, ICICI MD & CEO Chanda Kocchar said that the government needs to focus on the ease of doing business. They have to be simple, quick and transparent.

Tata Group Chairman Cyrus Mistry emphasised that the biggest challenge for India is to create employment for over 12 million people entering the workforce. Appreciating the Modi government, Mistry said that in the last few months, govt has taken decisions to skill improvement, reversing inverted tax structures and GST.

Reliance Industries Limited (RIL)

ICICI Bank