Nirmala Sitharaman Finance Minister Nirmala Sitharaman compared the industry to Lord Hanuman. He asked the representatives of the industry why they are hesitant to invest in the manufacturing sector and what are the things that are stopping them? The Finance Minister said that foreign investors are expressing confidence in India, while it seems that there is some hesitation in investing in domestic investors. He said that the government is willing to work closely with the industry and is ready to take policy steps. Sitharaman said, “This is India’s time and we cannot lose this opportunity. ,
The Finance Minister said, “Is it like Hanuman? You don’t trust your ability, your strength and someone stands next to you and says you are Hanuman, do it? Who is the person who is going to tell Hanuman? It certainly cannot be the government.
Nirmala Sitharaman said in the Mindmine summit that other countries and their industries have faith in India. This is reflected in FDI (Foreign Direct Investment) and FPI (Foreign Portfolio Investment) inflows and investor confidence in the stock market. She said, “I would like to know from the industry why they are hesitating to invest. We will do everything to bring the industry here and invest. But I want to hear from the Indian industry what is stopping you?
He said that the government has come up with the Production Production Linked Incentive Scheme. Tax rates have been cut for investment in manufacturing sector. The Finance Minister said, “No policy can be final in itself. It keeps on evolving as we move forward. This also applies to industries that are part of the emerging sector, for which we have provided policy support through incentives. ,