Finance Minister Urges Indian Industry to Invest and Innovate

Finance Minister Nirmala Sitharaman encourages Indian industry to invest more and enhance production capabilities while urging closer government collaboration on workforce skilling. She emphasizes proactive industry engagement for sustained economic growth and highlights the essential role of quality management and education in equipping graduates for the job market.

Finance Minister Nirmala Sitharaman has called on Indian industry to overcome any lingering reluctance to invest and expand their production capabilities. Speaking at an Indian Foundation for Quality Management event in the capital, she urged companies to collaborate more closely with the government on workforce development.

Sitharaman emphasized the need for clear communication from the industry regarding further government support required to accelerate growth. Highlighting Prime Minister Narendra Modi's commitment to reforms, she reassured industries of the government's dedication to facilitating business.

The Minister also stressed the importance of bridging human resource gaps, noting that many graduates are not adequately trained for the demands of large companies. She outlined three key industry expectations: increased investment in production, collaboration on workforce skilling, and continuous engagement with government.

(With inputs from agencies.)