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Sunday, June 4, 2023

PM Modi says Apple, Walmart, other MNCs are investing in India to create more job opportunities

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Indian Prime Minister Narendra Modi announced on Tuesday that several global giants, including Apple, Walmart, Cisco, NXP, and Foxconn, are planning to increase their investments in India. This move is expected to generate more job opportunities in the private sector.

According to PM Modi, the decision is aligned with the government’s emphasis on boosting employment opportunities. The individual plans to further emphasize this objective during their upcoming trip to the United States, where they will have the opportunity to meet with additional CEOs.

At the recently concluded fifth edition of the “Rozgar Mela“, a whopping 71,000 appointment letters were distributed to fresh recruits in the government. During the event, Prime Minister Modi expressed his views on the current state of India’s industry and investment, stating that there is an unparalleled sense of optimism at the global level.

During a recent meeting with Walmart CEO Doug McMillon, the Prime Minister discussed the executive’s optimistic outlook on India’s potential to export up to Rs 80,000 crore worth of goods from the country. The announcement is significant for young individuals working in the logistics and supply chain industries.

According to Modi, the CEO of CISCO, Chuck Robbins, has announced that the company has established a target of exporting products worth Rs 8,000 crore from India. During a recent press conference, the Prime Minister made mention of his meeting with Apple CEO Tim Cook.

According to the PM, Cook expressed optimism about the prospect of manufacturing mobile devices in India. Additionally, the PM reported that top executives from semiconductor major NXP were also positive about India’s ability to establish a semiconductor ecosystem.

Foxconn has also initiated investments worth thousands of crores. I will be meeting the CEOs of the world’s leading companies next week. Investors are brimming with enthusiasm to invest in India. All this highlights how the new employment opportunities are being created in different sectors in India,” PM Modi said.

PM Modi said changes and simplification brought in by the government in its system of recruitment has needed corruption and nepotism. According to his statement, the entire process of applying for government jobs and going through the recruitment process has now become online.

In his speech, the PM also referred to how more than 4.5 crore people have got employment in the formal sectors as he cited the EPFO data since 2018-19. According to Prime Minister Modi, the Indian government’s push for a “start-up culture” has yielded impressive results.

He stated that the number of start-ups in India has surpassed one lakh, a significant increase from the mere 100 that existed nine years ago. According to his statement, the prospects for self-employment are on a steady rise.

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