India is looking at 25% GDP hike in manufacturing Sector by 2025: Sitharaman

New Delhi, Apr 15 (KNN) Union Commerce Minister Nirmala Sitharaman invited the Japanese companies to come and invest in India and highlighted the recent forms the government has undertaken to facilitate the ecosystem for the same while laying emphasis that India is keen to increase the manufacturing sectors contribution to the GDP up to 25% by the year 2025.

The Minister said it addressing a gathering at the India Investment Seminar in Tokyo organized by Japan External Trade Organization (JETRO) on 14^th April.

According to the official statement, Sitharaman spoke of various initiatives like the National Investment and infrastructure Fund for infrastructure financing, the Digital India program to connect 250,000 villages with optical fibre and the Jan Dhan Yojna. She also acknowledged the experience and contribution of the Japanese firms in India.

At the seminar, Hiroyuki Ishige, Chairman and CEO, JETRO expressed the interest of Japanese companies to invest in India beyond automotive sector.

Ramesh Abhishek, Secretary DIPP who was also present at the seminar highlighted the investment potential of India during a session titled “Make in India”. He exhorted that by 2025; India will become the world’s youngest nation with an average age of 29 years and is expected to have a GDP of 20 Trillion dollar in terms of Purchasing power parity. He further discussed the reforms that the government has taken to facilitate ease of doing business.

The Indian delegation discussed opportunities for the Japanese investors in different sectors such as electric vehicle, medical devices and renewable energy.