Home Minister Amit Shah has asked industries in the country to increase their scale and size. Addressing the 119th Annual Session of the PHD Chamber of Commerce and Industry in New Delhi today, Mr. Shah said the companies have to dream big and make it global. He said the chambers and industries need to come together to make this dream possible. The Minister said the government has removed over two thousand outdated colonial laws, reformed the Companies Act from criminal penalties, and eased over 39 thousand compliances. He said Prime Minister Narendra Modi has the vision, experience, and commitments to make India a leader in every sector in the next 25 years. 

Mr. Shah said 2024 is a decisive year for India’s industrial sector. He said, across the world’s democracies, there appears to be a crisis of trust, and consistent leadership is rarely seen in democracies around the globe. The Home Minister said Prime Minister Narendra Modi, who was first a Chief Minister and then a Prime Minister, has won the trust of the people democratically for 23 years and has returned as Prime Minister again this year. He said this is very significant because policies cannot be effectively implemented without stability.

Paying tributes to industrialist and philanthropist Ratan Tata, who passed away yesterday, Mr. Shah said Ratan Tata played a huge role in making Tata Group a beacon for Indian industry. He said Mr. Tata was a respected industrialist not just in India but in the world. He said Mr. Tata took on leadership of Tata Group at a time when it was important for the group to make changes, and he transformed the way of working and the many businesses of the group. He said the business group, under the leadership of Ratan Tata, did a lot of work in many other areas, including education and cancer treatment. The Home Minister said Ratan Tata’s legacy will guide people in the industry.