Nirmala proud of ‘Make in India’ steady march

Trying to instil confidence in the investor community, Union Minister of State for Commerce and Industry Nirmala Sitharaman on Monday said manufacturing in the country is picking up and the perception that there is slack in the sector is wrong. 

“The last quarter figure showed that the country’s GDP growth will be over 7 per cent. It also revealed that manufacturing is growing over 9 per cent. Actually, the perception is going around in the circle without looking at the figures,” she said during the Make in India Week. The investment offers and MoUs that have been signed so far in the Make in India week are an indicator that manufacturing is gaining traction, she asserted. 

Meanwhile, Union Power Minister Piyush Goyal has said he expects nearly USD 1 trillion investment in the power sector, which includes coal renewables, by 2030. “The power sector, including the coal renewable sector, has the potential to attract a trillion-dollar investment,” Goyal said. He said the sector will attrack USD 250 million by 2020.