BJP Party President Amit Shah asks all the Indian companies and Business organisations to focus on creating their own patents and Intellectual property rights so that the wealth created by them and the talent of the country remain in India only.
While addressing the national executive meeting of the Federation of Indian Chambers of Commerce and Industry (Ficci), the 90-year-old business lobby over, Shah said that organisations like the FICCI should also do research in different sectors ranging from pharma, solar chips, defence equipment, aviation equipment and electronic hardware.
BJP taking a long thought move ahead of the Lok Sabha elections due in 2019, after attending to the political needs is now also targeting the business platforms to gain confidence and support before the elections. During the meet, Amit Shah boasting about the efforts taken by the Narendra Modi led government for encouraging the business sector in India in the past three years said that rather than just focusing on the research and development he Indian companies should come together and form consortium in high technology areas to fully utilise the resources and efforts. “Only then India will be able to develop and maximise benefits through its own Global Intellectual Properties,” Shah said.
Shah talking about the recent Land Boundary Agreement signed with Bangladesh said that this agreement will further help in enhancing and boosting business growth in northeastern India, which has been sidelined for 70 years, as now the eastern belt is also open for trade and business. Further talking about the quickly changing time regarding the technologies and resources Shah said that the Companies also need to reevaluate and reinvent itself with time to remain relevant.
Talking about the contribution of the FICCI BJP party President Amit Shah said that “FICCI must rethink its role it has played since Independence and play an active role in promoting sectors where India is currently dependent on significant imports resulting into depletion of precious foreign exchange.”
While addressing the gathering he also took the chance to speak about the decline in GDP saying that the recorded dip in the GDP growth rate to 5.7% in the last quarter was due to some technical reasons and said that the GDP had in stead gone up to 7.1% after falling to 4.7% in 13-14 when the opposition was in power.
Also underlining one of the major bold moves taken by the Prime Minister Narendra Modi, Shah said that demonetisation will boost the Indian economy in the long run and the black money accumulated in the government’s treasury will be utilised for the welfare schemes and the benefit of the people.