India to continue attracting big companies, says Nirmala after Musk postpones visit
Barely hours after the U.S. billionaire Elon Musk announced on X that he would be postponing his visit to India — scheduled for April 21-22 — to “later this year” owing to “Tesla obligations”, Union Finance Minister Nirmala Sitharaman said that India was committed to making policies to attract big companies for investment in the wake of growing concerns around China.
“Policies have been made to attract investments. We want manufacturers and investors to come and produce not just for India but also for exports. We will try to attract manufacturers and investors through policies,” she said while responding to a query about Mr. Musk’s visit.
“When big companies show interest to come to India, we will do everything to make it attractive for them to come and invest. But whatever we have done, we have done it through policy,” she added.
She said that after significant e¢orts, India had become the world’s fth-largest economy, and the country was condently aiming to secure the third position within the next two to two-and-a-half years.
At the Gujarat Chamber of Commerce and Industries, she said that the Harvard Business School must study how India, since 2014, restored its economy and went from being among the “fragile ve” to the “world’s fastest-growing economy” within a decade.
To a query about in¥ation, she said the in¥ation never crossed the tolerance band, except for one month, under the Narendra Modi government.
On rising unemployment, the Minister said there was a lack of complete data from both the formal and informal sectors and therefore, the claims about rising unemployment were inaccurate.