Commerce Minister Nirmala Sitharaman on FDI reforms.
Commerce Minister Nirmala Sitharaman in an interview to NDTV speaks on the recent reforms in Foreign Direct Investment, announced by the Modi government, which includes relaxation in single brand retail paving way from Apple and IKEA stores in the country.
Here are the highlights of the interview:- At this stage no estimates on how much FDI it will bring in
- Will certainly retain No. 1 position on FDI.
- If we have to make India a manufacturing hub, have to encourage investment.
- We have not changed any of the norms on which we had taken a position
- National security matters will be closely scrutinised.
- Defence applications will be vetted properly.
- Those in agriculture will find jobs in manufacturing.
- We have not touched multi-brand retail at all. These are details which are worked out after consultations.
On Raghuram Rajan's Exit- Wouldn't add a word to the speculation in public domain.
- The government's position has been explained by Finance Minister. We have appreciated his service, and we also respect his decision.