Finance Minister Nirmala Sitharaman Makes An Appeal To The Industry; Make Strategies To Get Manufactures From West To India

Picture : Twitter/ ANI

Union Finance Minister Nirmala Sitharaman  in a fervent plea has asked Indian industry to work out strategies as to how businesses operating in developed countries can look at India as a production or sourcing hub amid recession fears in the western countries.

India has brought in a lot of facilitation and tweaking of rules to attract foreign investment into India and is also engaging with industries who want to co-locate in the country, the minister said in a report by PTI.

“As much you are preparing yourself for a long-drawn recession in the Western world, in the Developed world, I think it is also the best time for you to work out strategies for drawing those manufacturers from there to India.

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