Sitharaman said that industries should be at the forefront of cutting-edge technology.

In a post-budget interaction with members of industry body FICCI, Sitharaman said: “The industry should look at its own potential and then come up with the points it wants the government to facilitate, rather than saying whether the government is doing something about”. he?

Finance Minister Nirmala Sitharaman on Thursday called on the industry to be a technology leader. She said that the government will make things easier on this matter. Citing the example of the software industry, she said the sector started on its own and the government came later. In a post-budget interaction with members of industry body FICCI, Sitharaman said: “The industry should look at its own potential and then come up with the points it wants the government to facilitate, rather than saying whether the government is doing something about”. he?

He said: “How did the software industry start working in the country? Did you wait for Sarkar? No. They kept advancing and the government saw that it could not sit back and watch and came up with favorable policies for them.” Sitharaman said, “I want industries to move forward in the field of rare metals along with renewable energy.”

He assured the industry that the government would actively consider their suggestions on various issues. Regarding the use of capital expenditures, the Finance Minister said that the government would monitor it regularly. He expressed confidence that the states will also use the fund for infrastructure development. He said that the Center has allocated Rs 1.3 lakh crore in 2023-24 to the states.

This is 30 percent more than the current fiscal year. Most of the funds that have been allocated to states are unconditional. In Wednesday’s budget speech, Sitharaman announced a 33 per cent increase in capital spending on infrastructure development to Rs 10 lakh crore. This is 3.3 percent of GDP.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.



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