Centre aims to make India attractive destination for manufacturing, services: Nirmala Sitharaman
Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well.
She was responding to a query on American tech billionaire Elon Musk postponing his meeting with Prime Minister Narendra Modi. «Policies have been made to attract investments. We want manufacturers and investors to come and produce not just for India but also for exports. We will try to attract manufacturers and investors through policies,» she told reporters.
Tesla CEO Musk on Saturday said his visit to India has been delayed due to the company's heavy obligations.
«When big companies show interest to come to India, we will do everything to make it attractive for them to come and invest. In that process, if there is anything to discuss, we will certainly discuss. But whatever we have done, we have done it through policy,» Sitharaman added.
Asserting the Union government's approach has helped especially after China plus one started being a concern for many industry experts, she said policies have been tailored in such a way so as to make India an attractive destination for manufacturing and for services.
Speaking about inflation, she said it never crossed the tolerance band, except for one month, under the Narendra Modi government, whereas before that (pre-2014) the economy was in a bad shape and inflation was in double digits. «At that time (pre 2014) nobody had any expectations from the
