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Arun Jaitley launches ‘Make in India’ conference in Sydney

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Finance minister Arun Jaitley who is in Sydney for two days has launched the ‘Make in India’ conference in Sydney.

Flash points

  • Inaugurating the conference, Arun Jaitley called the Australian investors to invest in India
  • He told that currently the services sector gave the highest contribution to the GDP of India and he wants Manufacturing sector to contribute equallyJaitley launches ‘Make in India’ conference in Sydney
  • He also informed that with ‘Make in India’ campaign the investors can invest in India and capitalize the biggest market in the world
  • He also explained that having around 1/6th of the total global market and around 35-40% as middle class whose purchasing power increases day by day .It is a boon for the investors
  • He also added that it is one of the highest growing economies at 5% and it would in turn benefit the investors
  • He also assured that soon the tax reforms of India would be made to meet global standards
  • Most of the Indian cities are welcoming the Manufacturing in India scheme

Dignitaries present

  • Australia’s Special Envoy for trade- Andrew Robb
  • Indian High Commissioner Navdeep Suri
  • CII Director-General Chandrajit Banerjee
  • CII President Sumit Mazumder and NEW Parliament Secretary for Major Events and Tourism Jonathan O’Dea

Points to note

  • Australia Capital- Canberra
  • Prime Minister- Hon Malcolm Turnbull