No shift in govt’s priority from ‘Make in India’ to ‘Assemble in India’: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman today said that there is no shift in government’s priority from Make in India to Assemble in India and that both these policies will provide impetus to capacity building and more employment opportunities in the coming years.

She said, any concern that the Government is only keen about Assemble in India over Make in India is a complete misconception. The Finance Minister was addressing members from the Industry sector at an event organized by CII in New Delhi today.

Ms. Sitharaman asserted that Assemble in India is an avenue that was not explored to its full potential till date by any government. She assured that the government is always exploring more and better ways of promoting entrepreneurship and wealth creation.

Economic Survey tabled in parliament last Friday pointed that Assemble in India is likely to create 80 million jobs in the next 10 years. The Finance Minister also said that any duty hike in the Budget 2020-21 is not a method of protectionism but a mechanism to avoid India being a dumping ground for products that can be indigenously produced.

Ms. Sitharaman said that the government has reduced Income Tax, Corporate Tax and Minimum Alternate Tax all in the same year demonstrating the government’s strong will to stand with every section of the economy.