New Delhi: Finance Minister Nirmala Sitharaman On Tuesday, wanted to know from the industry that what is stopping them from investing in it? ProductionEven if foreign investors have shown confidence in India. Drawing a parallel between India Inc and the mythological character ‘Hanuman’, Sitharaman said the government is ready to engage with the industry and take policy action.
“It’s time for India… we can’t miss the bus,” he said.
He said the government has come out with a production linked incentive scheme, cut tax rates to encourage domestic industry to invest in manufacturing.
“No policy can be an end in itself.. It keeps on evolving as we move forward. This also applies to industries that have come into the field of sunrise, for which we have implemented the policy through incentives. given support.
“I equally want to know from the Indian industry that why is it that they are hesitating (to invest) …. we will do everything to make the industry come here and invest here.. (but) Want to hear from India Inc. What’s stopping you?,” he said.
Speaking at the Mindmine Summit, the Minister said that countries and industries abroad feel that India is the place now and this is reflected in the FDI and FPI inflows and confidence among stock market investors.
“Is it like Hanuman? You don’t have faith in your ability, your strength and someone stands next to you and says you are Hanuman, do? Who is the person who is going to tell Hanuman? It can The government should definitely not be formed,” said Sitaraman.
“It’s time for India… we can’t miss the bus,” he said.
He said the government has come out with a production linked incentive scheme, cut tax rates to encourage domestic industry to invest in manufacturing.
“No policy can be an end in itself.. It keeps on evolving as we move forward. This also applies to industries that have come into the field of sunrise, for which we have implemented the policy through incentives. given support.
“I equally want to know from the Indian industry that why is it that they are hesitating (to invest) …. we will do everything to make the industry come here and invest here.. (but) Want to hear from India Inc. What’s stopping you?,” he said.
Speaking at the Mindmine Summit, the Minister said that countries and industries abroad feel that India is the place now and this is reflected in the FDI and FPI inflows and confidence among stock market investors.
“Is it like Hanuman? You don’t have faith in your ability, your strength and someone stands next to you and says you are Hanuman, do? Who is the person who is going to tell Hanuman? It can The government should definitely not be formed,” said Sitaraman.