NEW DELHI: Trade agreements with various countries have opened new markets for Indian industries and created new opportunities for Indian professionals, and it was for businesses and youth to make the best use of these opportunities, PM Narendra Modi said.At an event, where he distributed incentives to the beneficiaries of Prime Minister Viksit Bharat Rozgar Yojana (PM-VBRY), Modi said India has signed free trade agreements with nearly 40 countries, creating new avenues for Indian brands in global markets and emphasised that the country must focus on quality to remain competitive internationally.“There is one key formula to take advantage of all these opportunities.

That formula is quality — quality in education, quality in skills, quality in services, quality in products and even quality in packaging,” he said. “If we want to sustain ourselves in the global market, we must meet the highest international standards and make excellence our identity.”PM transferred Rs 2,400 crore to bank accounts of beneficiaries under PM-VBRY through direct benefit transfer as incentives to support the creation of 15 lakh employment opportunities. Modi said most schemes are focused either on employees or employers, this programme simultaneously supports both.