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Centre expects private sector to invest in mega projects: Nirmala Sitharaman

Centre expects private sector to invest in mega projects: Nirmala Sitharaman

MADURAI: The Centre today said the private industries need to invest in mega projects and they will be provided with all necessary supports from the government in this regard, Union Minister Nirmala Sitharaman said today.

The Union Minister of State for Commerce and Industry, who participated in a session on “Corporate Engagement”, organised by the Confederation of Indian Industry, here today said government is willing to provide necessary assistance if the private sector came up with big industrial projects like BHEL.

Assuring help to industries which wanted to start defence-based industrial cluster in the same corridor, she said, “You let me know the opportunities, and I will try to help you on forming defence-based industrial clusters in Madurai-Tuticorin corridor.”

Referring to the fireworks industries in Sivakasi which had the potential to do business worth Rs 5,000 crore, she said, “Fireworks industries should improve their quality and variety besides changing manufacturing technique, persify them to compete with the Chinese fireworks sector.”

All products (other than fireworks) in India should be of good quality to compete with ones imported, she added.

Regarding the Skill Development Programme, the minister said the Centre wanted to develop skilled labour of international standards.

“Once we certify a person as a skilled labourer, he should be accepted as the same in any country in the world. He should be of international quality in terms of his or her skill,” she said.

On oil prices, she said, the Centre did not reduce the price of oil despite a steep fall in the international market to invest more on infrastructure building.

Discussing the problems faced by the tyre industries in getting advance licence for rubber procurement, she said the import of rubber was tied to the issue of enabling the poor rubber farmers get better price for their produce.

The rubber prices have fallen, but it was not reflected in the price of tyres, she said.

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