Mumbai, Maharashtra, India | June 18, 2024 – In a significant development, Dr. Vijay Kalantri, Chairman of the All India Association of Industries (AIAI), submitted a memorandum to Prime Minister Shri Narendra Modi, congratulating him on his re-election for a third term. In the memorandum, Dr. Kalantri expressed his optimism and expectations for the continued, if not accelerated, reforms in various sectors of India’s economy.

The AIAI, representing a broad spectrum of Indian industries, particularly emphasized the need for further enhancements in the ease of doing business within the Micro, Small, and Medium Enterprises (MSME) and the agricultural sectors. The memorandum outlined specific areas where strategic reforms could significantly benefit these sectors, which are crucial for the country’s economic growth and employment.

Dr. Kalantri highlighted the importance of streamlined regulations, improved access to finance, and enhanced market accessibility as key drivers that could boost the performance and competitiveness of MSMEs and the agricultural sector. He also pointed out that such reforms would not only strengthen these sectors but also contribute to India’s overall economic resilience and global standing.

The submission of this memorandum comes at a time when the Indian economy is poised for rapid growth and transformation. Under Prime Minister Modi’s leadership, the previous terms have seen substantial policy shifts aiming to enhance business operations and attract foreign investments. The continued focus on reforming key sectors indicates the government’s commitment to maintaining this trajectory, aligning with its vision of making India a global economic powerhouse.

Dr. Kalantri’s memorandum to the Prime Minister is an important step in ensuring that the concerns and needs of the MSME and agricultural sectors are addressed in the government’s policy-making process. It reflects the proactive approach of industry leaders in shaping an environment that fosters growth, innovation, and sustainability in the Indian economy.