Arun Jaitley launches ‘Make in India’ conference in Sydney

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 equally
• 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 1/6^th 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