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PM Modi's Ambitious Fortune 500 Target for Indian Companies

PM Modi's Ambitious Fortune 500 Target for Indian Companies
'At least one Indian bank should...': PM Modi's ambitious target for India Inc ft. Fortune 500 · businesstoday.in

India celebrates its Independence Day every year on August 15 to remember when the country became free.

On this day, the Prime Minister gives a big speech from an old fort called the Red Fort.

This year, India marked its 80th Independence Day, and Prime Minister Modi gave his 13th Independence Day speech.

In the speech, he told Indians to dream very big.

He wants 50 Indian companies to be among the 500 biggest companies in the world.

He also wants an Indian bank to be one of the five biggest banks and an Indian medicine company to be one of the five biggest medicine companies in the world.

He talked about seven important things to work on, like making things, farming, technology, keeping the country safe, and protecting nature.

He also said India will build more factories that make computer chips in the next seven or eight years.

He believes that if every citizen works together, India can become a strong and developed country.

Key facts

Occasion
80th Independence Day of India
Speaker
Prime Minister Narendra Modi (13th consecutive I-Day address)
Location
Ramparts of the Red Fort, Delhi
Fortune 500 target
50 Indian companies within the coming decade
Banking target
At least one Indian bank among the world's top five
Pharma target
At least one Indian pharmaceutical company among the world's five largest
New initiative
'Shakti ki Sapt Dhara' - seven focus areas including manufacturing, agriculture and food processing, technology and innovation, Gati-Shakti, Raksha Shakti, green and blue economy, and soft power
Semiconductor outlook
More semiconductor plants in India expected within 7-8 years

Quotes

Prime Minister Narendra Modi

Prime Minister of India

“"I want to awaken the nation, and I also want to awaken the strength of the nation. A nation is not just about the government... Why shouldn’t 50 of those Fortune 500 companies be from India in the coming decade?"”
businesstoday.in
“"At least one Indian bank should be among the world’s top five banks."”
businesstoday.in

Sources

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