Nirmala Sitharaman says govt will open all sectors for private firms; invites industry to tell what they want : 28-07-2020

Finance Minister Nirmala Sitharaman today said that the disinvestment proposals which have been cleared by the cabinet will be executed. Nirmala Sitharaman added that the government will open all sectors for private participation and the list of strategic sectors is yet to be revealed.  In the virtual discussion held on the topic, ‘Restarting, Reforming & Remaking India: A Policymaker’s View’, she further urged the industry to join hands with the government with open hands and minds. FM Sitharaman added that the industry needs to speak what they want and the engagement has to be continuous. She underlined that sometimes she finds the Indian industry is not forthcoming with suggestions. However, she mentioned that the industry today is very open and ready to adapt the situation that is developing.

In a message of hope, assurance, clarity, the Finance Minister said that the government is almost on a daily basis thinking about what to do next, which is sometimes announced and sometimes not announced. The Finance Minister also urged to take this as a moment of India when everyone has to come together and come out of the mindset which is very worried about how things will settle.

Assuring the government’s full support, she said that at present, we are facing a crisis that will not be seen in the next hundred years, thus, we need to have a lot of hope and self-motivation. On the concern of bank loans to smaller firms, the FM said that the government has been assuring the banks that now it is not their risks as the government has backed the guarantee, therefore, they should lend with ease. Meanwhile, in the Mindmine Summit, where the FM was speaking, Sunil Munjal, the Chairman of Hero Enterprise said that education and healthcare are two important sectors that needs for support from the government’s side.

Source : PTI

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