FM urges India Inc to take risks, boost capacities to create more jobs

Sitharaman said PM Modi has asked all ministers to identify compliance burdens for the industry in their respective ministries and departments, and simplify them

Prime Minister Narendra Modi has asked all ministries and departments to further simplify compliance burden for the industry, Finance Minister Nirmala Sitharaman said on Wednesday, as she exhorted India Inc to take risks and ramp up capacities to create job opportunities and cut dependence upon imports.

“I would strongly appeal to the Indian industry that you shouldn’t further delay looking at increasing capacities... looking at newer areas evolving, shouldn’t delay in finding partners who can give you such technology,” said Sitharaman at the CII Global Economic Policy Summit 2021.

The industry should be a “lot more risk-taking” and step forward to give