Modi urges industry to ramp up investment, prioritise research to scale up manufacturing
Business 03 Mar, 2026

Modi urges industry to ramp up investment, prioritise research to scale up manufacturing

Business To Business, New Delhi, 03 March 2026: Prime Minister Narendra Modi on Tuesday called on industry leaders to ramp up investments, adopt emerging technologies, and prioritise research and development to fully tap into the opportunities created by India’s free trade agreements (FTAs).
Speaking at the second webinar on Budget 2026–27, Modi stressed that the era of minimal research spending is over.
“The days of cutting corners in research are over. We must now make substantial investments in research and development and ensure that our products meet global quality standards. Now we have got opportunities to move forward, so we should have only one mantra — Quality, Quality, Quality.”
Focus Areas Highlighted

  • Substantial investment in R&D
  • Adoption of emerging technologies
  • Ensuring global quality standards
  • Leveraging benefits from FTAs
Free Trade Agreements as Growth Catalysts
Modi underlined that India has signed FTAs with numerous countries, opening access to new markets and supply chains. However, he emphasised that Indian companies must be globally competitive in quality and innovation to maximise these gains.
The remarks align with the government’s broader push to strengthen manufacturing, exports, and technological self-reliance while positioning India as a trusted global supply chain partner.

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