Nirmala Sitharaman said that the policies have been designed in such a way as to make India an attractive destination for manufacturing and services.
Union Finance Minister Nirmala Sitharaman said on Saturday that the Center has prepared policies to make India an attractive destination for manufacturing and services. He further added that the government’s emphasis is on producing not only for the domestic market but also for export. She was answering a question on American industrialist Elon Musk postponing his meeting with Prime Minister Narendra Modi. “Policies have been made to attract investment,” he told reporters. We want manufacturers and investors to come and produce not only for India but also to export from here. We will try to attract manufacturers and investors through policies.
Musk’s visit to India delayed
Tesla CEO Musk said on Saturday that his visit to India is being delayed due to the company’s heavy obligations. Sitharaman said, “When big companies show interest in coming to India, we will do everything to make it attractive for them to come here and invest.” In that process, if there is anything to discuss, we will definitely discuss. Whatever we have done, we have done through policy.
Inflation controlled, economy strong
He said that the policies have been designed to make India an attractive destination for manufacturing and services. Speaking about inflation, the Finance Minister said that except for one month under the Modi government, it never crossed the tolerable limit. He further added that before 2014 the economy was in a bad shape and inflation was in double digits. Sitharaman said, “At that time (before 2014), no one had any expectations from the country. After a lot of hard work, we have emerged as the fifth largest economy in the world and are confidently saying that in the next two to two and a half years we will be at the third position.” On employment, he said that there is growth in both formal and informal sectors. There is a lack of data, but the initiative of the Center has provided employment to lakhs of people.
