'The Country Is Becoming A Hub Of...': Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman credited Production Linked Incentive (PLI) schemes for incentivizing investments in sectors such as thorium, solar energy, and green hydrogen, fostering collaborations with other nations to advance renewable energy initiatives.
Finance Minister Sitharaman Praises India's Digital Infrastructure Growth

Finance Minister Sitharaman Praises India's Digital Infrastructure Growth (Image Source: IANS)

During the Viksit Bharat 2047 Ambassador Campus Dialogue in Pallavaram, Finance Minister Nirmala Sitharaman commended India's robust digital public infrastructure, which has propelled the nation to the forefront of digital transactions. Sitharaman highlighted that India conducts approximately 43.3 crore digital transactions monthly, emphasising the seamless integration of sellers, buyers, and payment systems within the digital ecosystem.
Finance Minister Sitharaman said, "The country is becoming a hub of digital infrastructure. Digital public infrastructure has been designed in such a manner that it involves the seller, the buyer and the payment system. 43.3 crore transactions are being conducted digitally per month,"
Sitharaman mentioned India's emergence as a hub for digital infrastructure and mobile phone production, attributing these achievements to the efforts of the current government. She credited Production Linked Incentive (PLI) schemes for incentivizing investments in sectors such as thorium, solar energy, and green hydrogen, fostering collaborations with other nations to advance renewable energy initiatives. Sitharaman expressed confidence that India would lead in the renewable energy sector in the near future.
Furthermore, the minister lauded the progress of startups in India, noting their expansion into sectors like space exploration. She highlighted the government's initiative to open the space sector for private investment, offering opportunities and assistance to new players. Additionally, the government's allocation of Rs 1 lakh crore for science and research in the interim budget aims to further bolster emerging startups in India.
In discussing the indicators of Viksit Bharat, Sitharaman emphasised the significance of infrastructure development, modern educational institutions, and healthcare facilities. She reiterated the Modi Government's commitment to achieving the Viksit Bharat goal through infrastructure enhancement.
(With Inputs From ANI Agency)
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