Manufacturers need to ensure India's minimum reliance on global markets: PM Modi

Urging Indian manufacturers to ensure the country's minimum reliance on the global markets, prime minister Narendra Modi on Thursday said steel and medical equipment need to be manufactured in the country under the Make in India initiative. On steel, PM Modi said that it is a strange situation that iron ore is exported from India, which subsequently imports finished products from the same countries where iron ore is exported. "What will we give to the nation by exporting the raw material out of India," Modi said. On medical equipment, Modi said, "I do not believe that manufacturing medical equipment locally is so difficult."