Narendra Modi urges SMEs in India to embrace competition
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-03-06

Narendra Modi urges SMEs in India to embrace competition

Narendra Modi has laid out a broad economic policy for India that encouraged family-owned businesses to embrace competition.

BJP’s Prime Ministerial candidate Narendra Modi has laid out a broad economic policy for India that encouraged family-owned businesses to embrace competition.

 

Speaking at a gathering of the Confederation of All India Traders in New Delhi, Modi said, “Small traders should adapt to a changed marketplace by improving the quality of their goods so they could work with large online retailers, rather than fear the e-commerce market.

 

“We should not worry about the challenges from global trade,” Modi said.

 

He emphasized that the Ministry of External Affairs should engage in “economic diplomacy” to help hasten India’s growth.

 

Modi and his party are the front-runners in the national elections in May, according to a recent survey by the Pew Research Center.

 

Though the Bharatiya Janata Party has traditionally been a staunch supporter of small traders, analysts said it was clear that Modi was trying to attract big businesses as well.

 

Later in the day, during a speech at the India Economic Convention, Modi said he favored a nationwide goods and services tax, which would replace a fragmented system of state and central government taxes.

Related opportunities
  • Join Hands with Apollo diagnostics and start a business that..
    Locations looking for expansion Andhra Pradesh
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Andhra Pradesh
  • Automobile maintanance related
    About: AutozSpa is dedicated to providing a classy clean to a..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surat Gujarat
  • Ice creams & Yogurt Parlors
    About: Born out of passion, Papa Cream is an innovative and..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Laundry & Dry Cleaning
    Fully Integrated One-Stop Laundry Solutions Expert! About Us: Waashub is a full-scale..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts