'Can't accept raw materials export without value addition in country'

He said India has immense possibilities in concert economy and urged state govts & pvt sector to invest in creating necessary infra & skills

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Prime Minister Narendra Modi on Tuesday said he cannot accept raw materials getting exported and finished products being shipped into the country, asserting that value additions must happen in India.

Inaugurating the ‘Utkarsh Odisha, Make in Odisha Conclave’ in Bhubaneswar’s Janata Maidan, Modi said he considers eastern India as the growth engine of the country, and the state plays an important role in it. “The country’s development is not possible only by exporting raw materials. Therefore, we are changing the entire ecosystem and working with a new vision,” he said.

“The minerals are extracted here and exported to some other country where value addition is done and finished products are then sent back to India. This trend is not acceptable to Modi,” he added, citing the example of the export of marine products for processing in other countries.

Urging all to recognise the challenges of the global supply chain in a changing world, the PM said India cannot rely on fragmented and import-based supply chains.