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 * Sitharaman compares India Inc to 'Hanuman', asks why it is hesitant to invest
   in manufacturing


SITHARAMAN COMPARES INDIA INC TO 'HANUMAN', ASKS WHY IT IS HESITANT TO INVEST IN
MANUFACTURING

PTI / Updated: Sep 13, 2022, 14:30 IST
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   Sitharaman compares India Inc to 'Hanuman', asks why it is hesitant to invest
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NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday sought to know from
industry what is holding it back from investing in manufacturing, even though
foreign investors show confidence in India. Drawing parallel between India Inc
and mythological character 'Hanuman', Sitharaman said the government is willing
to engage with the industry and take policy action.
"This is the time for India... We cannot miss the bus," she added.
She said the government has brought in production linked incentive scheme, cut
tax rates to encourage the domestic industry to invest in manufacturing.
"No policy can be end in itself.. it keeps evolving as we go on. That applies
even to industries that have come in the sunrise sector for which we have given
policy support through an incentive.


"I would equally want to know from the Indian industry why is it that they are
hesitant (to invest).... We will do everything to get the industry 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 countries and industries
abroad think India is the place to be in now and this is reflected in FDI and
FPI inflows and confidence among stock market investors.
"Is it like Hanuman ? You don't believe in your own capacity , in your own
strength and there got to be someone standing next to you and say you are
Hanuman, do it? Who is that person going to tell Hanuman? It can't certainly be
the government," Sitharaman added.

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Top Comment

1 day ago
inspector raj corrupt inept netagiri...can never be openly told by entrepreneurs
fear of being chased.... lack of factors reforms admin labor reforms high fuel n
other costs.....? Gok
Read comments (56)
end of article



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All Comments (56) sortupvotednewestoldestdiscusseddownVoted+
0/3000


 * SSUNDARARAMAN SUNDARARAMAN SRINIVASAN
   
   1 day ago
   inspector raj corrupt inept netagiri...can never be openly told by
   entrepreneurs fear of being chased.... lack of factors reforms admin labor
   reforms high fuel n other costs.....? Gok
   ReplyShow responses235flag
   


 * ADITYA
   
   AdityaIndia1 day ago
   We became the largest manufacturer of vaccines in the world by 2011,
   we are the largest manufacturers of two wheelers .The 2nd largest in Steel &
   cement .
   India is the world's largest supplier of generic drugs....etc . Do you think
   all of this was achieved under your Govt ?
   ReplyShow responses208flag
   


 * NAVIN PANCHAL
   
   Morbi1 day ago
   like her boss this amma has also mastered in lying....and she is not alone
   there are others too prominent....being smriti irani......all have got degree
   in jhootlogy.....
   ReplyShow responses1716flag
   

View more comments








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