Union Finance Minister Nirmala Sitharaman said investors’ mood has not been dampened by the anti-Citizenship Amendment Act (CAA) protests and mob violence in the country.
While addressing a presser in Guwahati on February 27th, 2020, Sitharaman said, “The investors are keen to invest in India. Investors from Saudi Arabia recently expressed willingness to invest in India. They have a lot of interest shown on the announcement made on December 31st, 2020 on the National Infrastructure Pipeline.”
Sitharaman held a meeting with trade and industry representatives, economists, academicians and policy experts in Guwahati on February 27th, 2020.
During the interactive session, the minister said that the Government is committed to steadily move towards the less regressive regime and to help close all disputes pertaining to taxation. Her visit is part of her Union Budget 2020-21, presented in Parliament on February 1st, 2020, outreach programme.
Assam Chief Minister Sarbananda Sonowal and Assam Finance Minister Himanta Biswa Sarma were also present at the session.
“Maximum cut in tax is being given so that maximum money is in the hands of the people, thereby trust is given back to the people so that they can decide what’s best for them,” Sitharaman said.
The Union Finance Minister was accompanied by Finance Secretary Rajeev Kumar, DEA Secretary Atanu Chakraborty, SBI chairman Rajnish Kumar, and Revenue Secretary AB Pandey. She also interacted with bankers.
Sitharaman said that the traditional industries in the Northeast should have facilities to exhibit themselves. She mentioned that the local Self Help Groups will be given greater access to credit to supplement the economy.
On the other hand, Sitharaman did mention that raw material supplies to the industries are likely to be affected due to coronavirus outbreak and the government is constantly monitoring the situation.
The Union Finance Minister also said that the government and the Reserve Bank of India are taking every possible step to revive economic growth and demand.
Photo credit: @himantabiswa