{"id":25026,"date":"2021-11-24T12:45:43","date_gmt":"2021-11-24T07:15:43","guid":{"rendered":"https:\/\/plyinsight.com\/?p=25026"},"modified":"2021-12-29T13:00:43","modified_gmt":"2021-12-29T07:30:43","slug":"fm-tells-india-inc-to-take-risks-create-jobs","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/fm-tells-india-inc-to-take-risks-create-jobs\/","title":{"rendered":"FM tells India Inc to take risks, Increase capacities"},"content":{"rendered":"

Prime Minister Narendra Modi has asked all ministries and departments to further simplify compliance burden for the industry, Finance Minister Nirmala Sitharaman said , as she exhorted India Inc to take risks and ramp up capacities to create job opportunities and cut dependence upon imports.<\/p>\n

\u201cI would strongly appeal to the Indian industry that you shouldn\u2019t further delay looking at increasing capacities… looking at newer areas evolving, shouldn\u2019t delay in finding partners who can give you such technology,\u201d<\/strong> said Sitharaman at the CII Global Economic Policy Summit 2021.<\/p>\n

The industry should be a \u201clot more risk-taking\u201d and step forward to give additional impetus to India\u2019s growth, said sitharaman. She also appealed to the industry to offer jobs and reduce income disparity. The industry must also emphasis on cutting down import of finished goods and focus on ramping up investment in manufacturing, she said in her address.<\/p>\n

The government\u2019s intention is to remove obstacles, and if won\u2019t stop at doing away with just 1,5oo archaic laws, she said.<\/p>\n

\u201cIndia has shown the world it is possible for a developing country to quickly recover and grow at near double-digit (rate),\u201d she said.<\/strong><\/p>\n

India is moving towards solar and renewable sources of energy, and this target can be achieved only of all stakeholders are committed towards meeting this goal. Even as there is no additional demand, India\u2019s fossil fuel bills are going up since crude oil prices have increased substantially, she said. There are no convincing signs visible that prices will fall, she added.<\/strong><\/p>\n

\n

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