Finance Minister Arun Jaitley has launched Make in India conference in Sydney and asked Australian businesses to be the part of India’s growth story. He said this is the time when ‘Make in India’ campaign can translate into actual activities as India becomes the key focus of the world today and Make in India is one of the key focuses of the government.
The conference was launched in the presence of Australia’s Special Envoy for trade Andrew Robb, Indian High Commissioner Navdeep Suri, CII Director-General Chandrajit Banerjee, CII President Sumit Mazumder and NEW Parliament Secretary for Major Events and Tourism Jonathan O’Dea.
Mr. Jaitley, who is on 2 days visit of Sydney said that Indian government does feel that manufacturing sector does need to grow because people in agriculture sector moving out, there was a need to achieve the target of manufacturing sector to occupy the 25 per cent of India’s GDP. He also stated that India could manage to become a very low cost service provider but failed to transform into a low cost manufacturing, adding that now there was an opportunity to do so.
He said that for two consecutive years, we are the fastest growing economy in the world. When we measure ourselves by our own standards, we believe that 7.5 per cent does not reflect our true potential. He also said that India has been given a second chance to transform itself into manufacturing hub with ‘Make in India’ campaign launch. Indian economy was doing well despite global downturns and if the global tailwinds become more supportive, India could perform even better, he said. The Minister further assured the investors that tax system in India was also being gradually brought to global standards.
Extra Info :
The Make in India program was launched by Prime Minister Modi in September 2014 as part of a wider set of nation building initiatives. Devised to transform India into a global design and manufacturing hub.
So now lets discuss some questions related to this post :
1. Name the person who has launched the ‘Make In India’ conference recently ?
2. Make in India conference has launched at which place ?
3. In september 2014, who has launched the Make in India program ?
Courtesy : PTI News