New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the role of Indian industry was critical in realising the goal of a developed nation by 2047 and vowed that reforms undertaken by govt in the last few years will continue.
“You were with India during the freedom struggle, you built industry and capacity despite the colonial pressure… So, Indian industry has always kept that spirit up and against terrible odds, kept moving along on national interest,” Sitharaman said at a session on ‘Viksit Bharat @ 2047: Viksit Bharat & industry’ organised by lobby group Ficci.
“I can’t see how they will be left out in this game of building a developed India by 2047. So it should be natural to India’s industry to align itself with India’s developmental interests, and after all, industry will be the first contributor as much as the first beneficiary…,” FM said.
FM said reforms momentum will continue in Prime Minister Narendra Modi’s third term. The national elections are expected to be held in April-May and a new govt will be in office.
Sitharaman said the PM’s clear indication is goal of Viksit Bharat must be achieved to provide future generations a better India. “We should reach the destination of a developed India by 2047,” said FM.
FM also said there are certain sectors where govt will push more with innovations, investments and policy reforms. These include electric vehicles, space, AI, warehousing, logistics, agriculture value addition and agriculture efficiencies, tourism, green hydrogen. “India’s logistics potential is just not even touched. We have immense scope in this,” said Sitharaman.
She also highlighted potential of digital infrastructure, which will play a key role in India achieving Viksit Bharat. Among other factors of production, the 21st century has come up with one more — digital infrastructure, she added.
FM said govt is showing its commitment by ramping up capital expenditure and urged the industry to expand and look for greater joint ventures around the world. “Indian industry can now surely move forward with great speed. We are at the juncture in India’s history where it is just all opportunities, and it is for us to grab it,” said Sitharaman.
“You were with India during the freedom struggle, you built industry and capacity despite the colonial pressure… So, Indian industry has always kept that spirit up and against terrible odds, kept moving along on national interest,” Sitharaman said at a session on ‘Viksit Bharat @ 2047: Viksit Bharat & industry’ organised by lobby group Ficci.
“I can’t see how they will be left out in this game of building a developed India by 2047. So it should be natural to India’s industry to align itself with India’s developmental interests, and after all, industry will be the first contributor as much as the first beneficiary…,” FM said.
FM said reforms momentum will continue in Prime Minister Narendra Modi’s third term. The national elections are expected to be held in April-May and a new govt will be in office.
Sitharaman said the PM’s clear indication is goal of Viksit Bharat must be achieved to provide future generations a better India. “We should reach the destination of a developed India by 2047,” said FM.
FM also said there are certain sectors where govt will push more with innovations, investments and policy reforms. These include electric vehicles, space, AI, warehousing, logistics, agriculture value addition and agriculture efficiencies, tourism, green hydrogen. “India’s logistics potential is just not even touched. We have immense scope in this,” said Sitharaman.
She also highlighted potential of digital infrastructure, which will play a key role in India achieving Viksit Bharat. Among other factors of production, the 21st century has come up with one more — digital infrastructure, she added.
FM said govt is showing its commitment by ramping up capital expenditure and urged the industry to expand and look for greater joint ventures around the world. “Indian industry can now surely move forward with great speed. We are at the juncture in India’s history where it is just all opportunities, and it is for us to grab it,” said Sitharaman.
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