How has Defence Minister Rajnath Singh praised the Jain community's role in entrepreneurship?
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Synopsis
Defence Minister Rajnath Singh has hailed the Jain community for its significant contributions to India's economy and culture at the JITO Connect 2025 event. Discover how this community, despite being a small fraction of the population, plays a pivotal role in national development and entrepreneurship.
Key Takeaways
- Jain community's contribution to national tax: 24%
- Moving towards becoming the world's third-largest economy
- Significance of 'Make in India' initiative
- Indigenous technology enhancing defense capabilities
- Three-day exhibition featuring over 600 stalls
Hyderabad, Oct 3 (NationPress) The Defence Minister Rajnath Singh expressed admiration for the Jain community's vital role in nation-building, entrepreneurship, and philanthropy on Friday.
During his address at the Jain International Trade Organisation (JITO) Connect 2025 event in Hyderabad, he highlighted that the Jain community, which comprises less than 0.5% of India's population, contributes nearly 24% to the nation’s total tax revenue.
Rajnath Singh emphasized that the Jain community is making a remarkable impact on India's economic development while preserving its cultural and spiritual heritage.
He pointed out that under the dynamic leadership of Prime Minister Narendra Modi, India is on the trajectory to become the third-largest economy globally.
“In both the social and economic spheres, we have reached extraordinary milestones. The quality of life for our citizens has improved, providing them with new prospects,” he stated.
The Defence Minister also remarked on India’s swift advancement towards becoming the manufacturing hub of the world.
“The time is near when India will be recognized as the ‘Factory of the World’. Initiatives like ‘Make in India’ have not only bolstered local enterprises but also enhanced the global standing of Indian products,” he added.
“From the Tejas fighter aircraft to the Akash missile, the Arjun tank, and the Prachand helicopter—our armed forces are continually being empowered through indigenous technology. India is now not only fulfilling its own defense needs but is also achieving new heights in defense exports. We are emerging as a significant arms supplier on the global stage,” he mentioned.
Attending the inaugural session of this three-day exhibition, which focuses on networking, knowledge, and entertainment, were figures like Union Minister for Coal and Mines G. Kishan Reddy, Yoga guru Baba Ramdev, and Telangana’s IT and Industry Minister G. Sridhar Babu.
The exhibition features over 600 stalls and six elaborate arenas, including Build Mart, Business Bay, Property Pavilion, Bridal Story, Lifestyle Lane, and AI & Startup Arena, making it a comprehensive hub for business, innovation, fashion, lifestyle, and future technologies.
Point of View
I recognize the Jain community's invaluable contributions to India's socio-economic fabric. Their entrepreneurial spirit and philanthropic efforts resonate with our national ethos, driving progress and unity in diversity. Their achievements serve as a beacon of inspiration for the entire nation.
NationPress
03/10/2025
Frequently Asked Questions
What is the contribution of the Jain community to India’s economy?
The Jain community contributes approximately 24% to India's total tax collection, despite representing less than 0.5% of the population.
What initiatives are helping India become a manufacturing hub?
Initiatives like 'Make in India' are playing a crucial role in strengthening local businesses and enhancing the global recognition of Indian products.
How is India enhancing its defense capabilities?
India is advancing its defense capabilities through indigenous technology, with significant products like the Tejas fighter aircraft and Akash missile.
Who attended the JITO Connect 2025 event?
Prominent figures such as Union Minister G. Kishan Reddy and Yoga guru Baba Ramdev attended the inaugural session of the event.
What can attendees expect from the JITO exhibition?
The exhibition features over 600 stalls across various arenas, showcasing business innovation, lifestyle, fashion, and future technologies.
