My definition of FDI is 'First Develop India', says Modi at launch of ‘Make in India’ campaign

New Delhi: Prime Minister Narendra Modi rolled out the red carpet for domestic and international industrialists on Thursday with the launch of the 'Make in India' campaign as part of a push by Modi to make the country a global manufacturing hub.

Here are the highlights:

• Prime Minister Narendra Modi unveils the 'Make In India' logo
• PM Narendra Modi unveils the 'Make In India' brochure
  
• Modi launches ‘Make in India’ website
• Modi says first of all, I would like to apologize. I have observed that various business leaders have to stand as there are not enough chairs. Extremely sorry for the inconvenience
• After seeing all this, hearing these people I do not need to tell you anything more to convince you to Make in India
• Whenever I met people for the last few years they would tell me- we want to shift out. I never saw political reasons behind it
• Yet, when I heard such views I felt very sad. Why must our own people want to leave India
• We do not want any industrialist being forced to leave India. Can say that we have been able to bring about a change in last few months
• A trust was broken that when a policy will be changed, when CBI will come...this is what I heard from all you
• Biggest issue is trust. Why do we not trust our fellow countrymen? I want to change this
• A decision on self certification ... many may feel this is a small step but what can be bigger than trusting 125 crore Indians
• Who is the government for? It is for every Indian. It is for the poorest of the poor
• Mantra of our government is that we want to trust each and every India. The atmosphere of trust can change a lot of things
• FDI should also stand for ‘First Develop India’
• People are talking about FDI but I see things differently. FDI is also a responsibility for the people of India. For the world FDI is an opportunity
• We have to create opportunities of employment. If the poor get jobs the purchasing power of families will increase
• Why must our own people want to leave India? asks Modi
• We have to increase manufacturing and at the same time ensure that the benefits reach the youth of our nation
• This is the step of a Lion...Make in India: PM
• Industry does not come when there are too many incentive schemes. We have to create a development & growth oriented environment
• My 3 month experience tells me that the entire team has a very positive outlook and thinking. They are 2 steps ahead of me too
• The world is looking at Asia. I do not have to waste time to invite...I need to give the address
• I do not only talk about good governance. I talk about effective governance
• Nobody can question the talent of our people...especially after yesterday
• Referring to the success of the Mars Orbiter Mission, PM Modi says he feels proud of the talented scientists of our country
• We have Look East and at the same time we have Link West
• This nation is yours. There is no need to leave the nation. We want our companies to shine as MNCs
• We have to move towards next-gen infrastructure. Not only do we need highways but also i-ways (information ways)
• This is your country, the happiness of succeeding here and then taking it abroad has its own taste: PM Modi's message to Indian companies
• This government is dedicated to growth. This is not a political agenda but an article of faith
• PM Modi concludes his speech by dedicating his campaign to Deen Dayal Upadhyaya on his birth anniversary

ICICI Bank CEO Chanda Kochhar

• We are very inspired by your vision to Make in India. This will be the next growth driver for India

Aditya Birla group chairman Kumar Mangalam

• India embarks on a landmark mission that coincides with our triumph in outer space
• India can become a manufacturing hub. For us, India is already a manufacturing group

Reliance Industries chairman Mukesh Ambani

• Today we commit ourselves to Make India, a call that was given by our beloved PM on Independence Day
• India is blessed with a leader whose unique leadership quality is that he dreams & does and motivates a billion Indians
• Your interactions in Japan and China and anticipation of USA visit has created a very positive environment

Tata Group chairman Cyrus Mistry

• We in the Tata Group welcome PM Modi's Make in India programme. Its an opportunity to make India truly globally competitive
• Under leadership of our PM, Make in India is bringing together industry and government
• We welcome the PM's call to Make in India. We realised the potential of India very early

Read: India has potential to become world's biggest car-maker: Maruti

Minister of state for ministry of commerce & industry Nirmala Sitharaman

• Make in India is not a slogan, it is a single minded commitment for us: Nirmala Sitharaman
• We are fully committed to de-licensing
• We want to make India a global destination for manufacturing, it has a huge potential to be so
• We have identified 25 sectors in which India can be world leaders
• We have created a dedicated team to hand hold investors from across the world
• We are constructing dedicated freight and industrial corridors and smart cities
• Make in India is not a slogan, it is a single minded commitment for us

The CEOs of Airbus, Mercedes-Benz and Samsung Electronics are among those present at the launch.

Programmes is also being held in state capitals and Indian missions abroad where officials will engage with investors simultaneously, a senior official in the department of industrial policy and promotion said.

Read: 'Made in China' campaign launched with 'Make in India'

Although India has relaxed rules for foreign investors, any company seeking to do business has to go through byzantine rules and regulations apart from having to deal with a stringent tax regime.

The World Bank recently placed India a poor 134th among 189 economies in its ease of doing business report while regional rival China ranked 96th.

British mobile giant Vodafone is locked in a $2.4 billion tax row with the Indian government while Finnish company Nokia also saw its plant in India being seized over a tax dispute.

Modi's right-wing Bharatiya Janata Party swept to power in May on a mandate to revive the economy, which is going through the worst slowdown in two decades.

Since his election, Modi has bagged investments to the tune of $34 billion from Japan and another $20 billion from China mainly to help upgrade its creaking infrastructure.

Watch: Narendra Modi launches ‘Make in India’ campaign