Home / Knowledge / News / Textiles / No better place than India to invest: finance minister

No better place than India to invest: finance minister

17
Oct '19
Pic: Shutterstock
Pic: Shutterstock
Stating that there can be no better place than India to invest, finance minister Nirmala Sitharaman recently told global investors that her democracy-loving country offers an environment respecting capitalism and the government is continuously working to bring in reforms. She was speaking at the International Monetary Fund (IMF) headquarters in Washington DC.

“It (India) is one of the fastest growing (economies) even today. It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law,” Sitharaman said yesterday.

Even if India’s judicial system is a bit delayed, it is a transparent and open society, the rule of law works and many reforms are under way to cut down such delays, she said.

The event was hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with the US India Strategic and Partnership Forum, according to a news agency report.

As representatives from major insurance companies urged her to remove the cap on investment in this sector, she replied that the government needs to understand what the expectations of the sector are other than removing the cap. Without offering any assurance, Sitharaman urged them to send her the details.

Denying any trust deficit with the corporate sector and investors, she said there is a greater understanding that the Indian government is willing to hear and also wanting to respond.

Fibre2Fashion News Desk (DS)


Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search