India Inc on Saturday welcomed Prime Minister Narendra Modi's emphasis on addressing issues related to agriculture in the country as well as the importance accorded to startups and social security.
"CII salutes Prime Minister for impressive implementation of new campaigns and schemes announced in 15 months. Social security, Startup India, and agricultural productivity, as stressed by the Prime Minister, are the foundations for the next growth trajectory," the industry chamber said in a statement.
The objective of offering incentives for investments is to promote employment. It makes eminent sense to give incentives directly as per employment generated, it added.
The parameter of employment in financial incentives to new manufacturing units, as stated by the Prime Minister in his Independence Day speech, can be a game-changer for the labour intensive sectors such as textiles, leather, food processing and so on," CII said.
Industry body FICCI also said the announcements on 'Start up India, Stand up India' and for providing employment linked incentives to industries are welcome steps as these will boost entrepreneurship and create the much needed employment opportunities for the nation's youth.
Creating a few million entrepreneurs across the country will not only create many more million jobs but also provide livelihood opportunities for the poor in remote corners of the country," FICCI President Jyotsna Suri said in a statement.
Strengthening merit-based employment ecosystem by doing away interviews for low-end jobs is a step in the right direction, inculcating a sense of confidence and empowerment for all citizens, she added.