As the government tries to attract foreign companies to set up production hubs in the country under its Make in India campaign, Finance Minister Arun Jaitley on Saturday said India has the potential to provide low-cost services, which is crucial to provide services in international markets.
“Cost has become the key in both goods and services in the global markets,” he said while addressing the National Cost Convention, adding that a number of issues both at the macro and micro level need to be tackled to cut production costs.
His comments come just before the Union Budget 2016-17 where there are expectations for further policy measures to spur the Make in India scheme as well as make exports more competitive.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.