Economy

Delhi violence, anti-CAA protests have not dampened investor sentiment: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman, along with Assam Finance Minister Himanta Biswa Sarma, addresses a press conference on Union Budget 2020-21, in Guwahati on February 27, 2020.

Union Finance Minister Nirmala Sitharaman, along with Assam Finance Minister Himanta Biswa Sarma, addresses a press conference on Union Budget 2020-21, in Guwahati on February 27, 2020.   | Photo Credit: PTI

On the possible impact of coronavirus scare on the industry and the economy, Finance Minister Nirmala Sitharaman said there is none as of now.

Union Finance Minister Nirmala Sitharaman said violence related to the Citizenship (Amendment) Act in parts of the country has not dampened the mood of foreign investors.

“Let me give you an indicator. I recently went to Saudi Arabia to participate in the G20 summit. I took the opportunity to have several bilateral meetings with my counterparts. I also met investors and many others. Nowhere, and I repeat nowhere, was there a concern saying something is happening in India,” the Minister told newspersons in Guwahati on Thursday evening.

Declining to divulge names, Ms. Sitharaman “very prominent investors” were willing to open a representation office in India.

The investors, she added, had showed enthusiasm in the Centre’s announcement on the national infrastructure pipeline made on December 31, 2019.

“It gives you a clear indication of all the various projects waiting for. There is interest in India and it continues,” the Finance Minister said.

Ms Sitharaman insisted that there were no concerns over raw materials shown by the captains of more than 20 types of industries after the outbreak of novel coronavirus in China.

“However, some of them felt that if the situation [virus] does not improve after two months, they may start having problems with raw materials. We are trying to see how much we can help them out,” she said.

The Minister also assured the northeastern States of more investment by the Centre after meeting trade and industry representatives, economists and policy experts earlier in the day.

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Printable version | Mar 29, 2020 12:45:47 AM | https://www.thehindu.com/business/Economy/delhi-violence-anti-caa-protests-have-not-dampened-investor-sentiment-nirmala-sitharaman/article30933645.ece

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