20-April-2024
Economy News
 
‘Govt did its part, now you invest’; local investment will woo foreign firms too: Anurag Thakur tells industry
11-Jul-2020

India’s junior finance minister Anurag Thakur asked the industry to step up and invest while calling the Indian economy structurally strong, and highlighting the reforms introduced by Prime Minister Narendra Modi’s government. Anurag Thakur said that the investment by local companies would instil confidence into foreign companies to put money into Indian markets. He added that the government is We are bullish about reviving growth because it has belief in India Inc. Listing out the possible fields of growth, the minister further said that there are many possibilities and opportunities in various greenfield, brownfield, and sunrise sectors in India. While addressing the members of CII in a webinar, Anurag Thakur highlighted that industry used to talk about the lower corporate tax rates in certain countries, which the government has now significantly cut 15 per cent from 30 per cent.

News Source:- https://www.financialexpress.com/economy/govt-did-its-part-now-you-invest-local-investment-will-woo-foreign-firms-too-anurag-thakur-tells-industry/2020148/