Raw material export, import of finished products can’t be accepted: Modi

Prime Minister Narendra Modi called innovation and quality products two pillars of the expansion of the Indian economy while stressing rapid growth is impossible only through raw material export

Prime Minister Narendra Modi on Tuesday underlined that the export of raw materials and import of finished products cannot be accepted and that this trend and value addition outside the country was being changed.

Modi called innovation in the service sector and quality products two pillars of the economy’s expansion. “The country’s rapid growth is not possible only through the export of raw materials. Hence, we are changing the entire ecosystem and working with a new vision,” said Modi in his inaugural speech at the two-day Utkarsh Odisha Conclave of investors in Bhubaneswar.