NEW DELHI: Prime Minister Narendra Modi on Monday once again called for collective national efforts to reduce dependence on imports and strengthen India's position in global supply chains, while urging citizens to avoid unnecessary spending of foreign currency during a period of global uncertainty.
Speaking in Vadodara amid concerns over disruptions caused by the ongoing conflict in the Middle East and volatility in global energy markets, the Prime Minister said India was continuously working to emerge as a major participant in international supply chains.
Emphasis on Self-Reliance
"We are continuously working to make India a major participant in global supply chains," PM Modi said, stressing that the country must use the present challenges as an opportunity to strengthen self-reliance and domestic manufacturing capabilities. The Prime Minister also appealed to citizens to support the government's efforts by consciously reducing import dependence and avoiding activities that involve excessive foreign exchange outflow.
"We must take all efforts to reduce the use of imports and avoid personal activities that involve spending foreign currency," he said.
Historical Parallels
Drawing parallels with previous national crises, PM Modi said Indians had historically responded with unity and responsibility whenever the country faced wars or major challenges. "Whenever India faced war or any major crisis, citizens fulfilled their responsibility on the government's appeal. We need to do the same now," the Prime Minister said.
The remarks come at a time when the government is closely monitoring the impact of the Middle East conflict on global oil prices, shipping routes and supply chains.
