Jaitley: People are looking for manufacturing hubs other than China

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Jaitley: People are looking for manufacturing hubs other than China Finance Minister Arun Jaitley said people were making the most of other options available in manufacturing sector other than China, hinting that India is now becoming the preferred destination for the same.

Addressing a gathering at SP Jain School of Global Management at Sydney campus, Jaitley spoke extensively about the Indian economy, Make in India, etc and said India was going to win in the race.

“The size of the Indian market is 1/6th of the world’s population. For any manufacturer, getting a market of that size coupled with good human resource is not easy. While we have managed to become a low-cost service provider, we have slowed down in the race as a low cost manufacturing hub where China leads. Now, there are great opportunities as people are looking at manufacturing hubs other than China,” said Jaitley, who lead a business delegation from Confederation of Indian Industry.

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Students from across the globe interacted with Jaitley on an array of topics.