Finance Minister Arun Jaitley launched ‘Make in India’ conference in Sydney and asked Australian businesses to be the part of India’s growth story.
- The Minister pinpointed that with People in agri sector moving out, there was a need to achieve the target of manufacturing sector to occupy the 25 per cent of India’s GDP.
- India has to invest in its infrastructure in a bid to prepare a base for an economy of this huge size, he said.
- 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.
- The Minister further assured the investors that tax system in India was also being gradually brought to global standards.
- Speaking on the occasion, Australia’s former trade minister Andrew Robb said Australia had lots to offer to India in terms of expertise.
“As a country, we are 80 per cent services. We can offer environment, power, design, energy, transport and other services,”