“Manufacture in India, Build for the World, Says Finance Minister”

Finance Minister Sitharaman Promotes Make in India Initiative During U.S. Visit

Finance Minister Nirmala Sitharaman underscored the Indian governments commitment to the Make in India initiative, encouraging manufacturers to produce goods for global markets. She is currently on a six-day visit to the United States, where she is participating in discussions at the G20 summit and meeting with prominent business leaders to strengthen Indias economic ties.

During her visit, Sitharaman highlighted the potential of India as a favorable manufacturing hub, emphasizing the countrys capabilities in various sectors, including technology and pharmaceuticals. This initiative aims to attract foreign investments and enhance the country’s manufacturing sector as a means of boosting economic growth and job creation.

In a related development, India and Canada reaffirmed their commitment to finalize a comprehensive trade agreement by the end of 2026. This deal is expected to enhance trade relations and create new opportunities for investment and cooperation between the two countries.

Furthermore, Sitharaman is engaging with business leaders in the U.S. to discuss potential collaborations in technology and innovation, echoing her message that India is open for business and ready to offer a strategic location for companies looking to expand their operations.

The Finance Minister’s trip represents Indias proactive approach to fortify its economic engagement on the international stage, aiming to position itself as a key player in the global supply chain. As part of this strategy, Sitharaman is also advocating for reforms and policy measures designed to make doing business in India easier and more attractive to foreign investors.

This series of high-level meetings signals a significant push from the Indian government to bolster economic recovery following the impacts of the COVID-19 pandemic and capitalize on emerging global economic trends.