Business

Sitharaman compares India Inc to ‘Hanuman’, questions why it is hesitant to invest in manufacturing

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday sought to find out from the industry what was stopping them from investing in make, although foreign investors show confidence in India. In parallel between India Inc and the mythical figure ‘Hanuman’, Sitharaman said the government is ready to enter the industry and take policy actions.
“This is the time for India… We can’t miss the bus,” she added.
She said the Government has introduced policies to encourage production linkages, cut tax rates to encourage domestic industry to invest in the manufacturing sector.
“No policy can end on its own.. it continues to evolve as we go. That applies even to the sunrise industries that we’ve supported policy through. an incentive.
“I would also love to know from the Indian industry why they are hesitant to (invest) …. We will do everything to bring the industry to come and invest here.. (but) I want to.” hear from India Inc. What’s stopping you?”, she said.
Speaking at the Mindmine Summit, the Minister said overseas countries and industries think India is the place to be now and this is reflected in FDI and FPI inflows as well as confidence in the country. investors in the stock market.
“Is it like Hanuman? You don’t believe in your own abilities, in your own strength and have to have someone stand by you and say you’re Hanuman? That person will tell Hanuman who? It could be Sitharaman said more.

Source link

news5s

News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button