Finance Minister Nirmala Sitharaman states that the government has met the expectations of Indian corporations with favorable policies, and now it is the industry's responsibility to increase investments and enhance capacities.

During the IFQM Symposium, Sitharaman emphasized that the government has continually focused on improving the business environment, tax reforms, foreign direct investment (FDI), and policies that support industries. She encouraged businesses to overcome reluctance and assist in creating a more robust economy.

“Today I possess a collection of items that the government has provided. I anticipate that the industry will no longer hesitate to invest more, increase capacities, and produce more in India, and specify what additional support is needed from the government," she stated.

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The finance minister urged businesses to collaborate with the government outside the pre-Budget period. She requested partnership in training youth and developing robust supply chains.

In response to Tata Sons Chairman N Chandrasekaran's inquiry regarding the industry's current role, Sitharaman stated that Prime Minister Narendra Modi has consistently supported reforms and has paid attention to the industry's needs.

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Echoing Sitharaman’s statement, Chandrasekaran remarked that the government has created “enormous” opportunities in both domestic and export markets. "I strongly think that an increase in entrepreneurs, small and medium businesses, and large corporations would lead to greater investments."

"I am quite assured, as without that investment, we won't seize the chance," Chandrasekaran remarked, noting that worldwide supply chains are looking for resilience and alternatives.

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Sitharaman emphasized the significance of micro, small, and medium enterprises (MSMEs), describing them as the foundation of India's GDP. She mentioned that the government has made certain that the Small Industries Development Bank of India (SIDBI) maintains a physical presence in MSME clusters, even with the rise of digital banking.