Sitharaman Urges India Inc to Invest, Expand Capacities and Partner in Skilling Youth
Finance Minister calls on industry to seize growth opportunities, citing government reforms, ease of doing business, and policy support.
New Delhi, Sep 18: Finance Minister Nirmala Sitharaman on Thursday urged India Inc to invest boldly, expand capacities, and actively partner with the government in skilling the country’s youth. Speaking at the IFQM Symposium, she emphasized that the government has delivered on policies aligned with industry expectations, including ease of doing business, tax reforms, expanded FDI, and other industry friendly measures.
Addressing a question from Tata Sons chairman N Chandrasekaran on the role of industry, Sitharaman said, “I hope there is no more hesitation for the industry to invest further, to expand capacities, produce more in India, and outline any additional support required from the government.”
Chandrasekaran welcomed the call, highlighting the vast opportunities in domestic and export markets and emphasizing India’s potential as a resilient hub for global supply chains under Prime Minister Narendra Modi’s leadership.
The Finance Minister further noted that the MSME sector is a key contributor to India’s GDP and stressed the government’s commitment to ensuring the presence of the Small Industries Development Bank of India (SIDBI) in MSME clusters to provide accessible support, even in the era of digital banking.
