Infrastructure development and investment in India will be the main focus areas of the government over the next 25 years as the country hopes to emerge as a developed nation by 2047, Finance Minister Nirmala Sitharaman told business leaders in Japan during a visit. There are several factors in its favor which will help in making up for the lost opportunities of the past and achieving the goal of a developed nation. The achievement achieved by the Japanese economy after the devastation in the Second World War has become an inspiration for other countries. Sitharaman is currently on a two-day visit to Japan from Thursday to attend the Finance and Central Bank Governors' meeting.
Infrastructure, both physical and digital, domestic and foreign investment, use of innovation and technology in people's lives and ensuring that every citizen benefits from development are focus areas for India. The Union Budget presented in the month of February was prepared keeping in mind the needs of the next 25 years.
Government reducing restrictions
Nirmala Sitharaman told investors and business leaders from Japan that the government in India is reducing many restrictions and ensuring ease of doing business. They discussed the priority of the government to encourage and facilitate investments by businesses through the Production Linked Incentive (PLI) scheme, which was initially introduced for 14 sectors and is now extended to semi-conductors and solar components. being expanded in the areas of
The target is to achieve 300 GW solar energy
Apart from this, the Finance Minister said that the country has already achieved 175 GW of solar energy with its own funds, and now aims to achieve 300 GW by 2030. In the sector of renewable energy, India has started the National Hydrogen Mission. The government is making people skilled in the fast developing field of Artificial Intelligence, so that people can get employment.
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