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FM :India has chance to become a global manufacturing hub

Finance Minister on Friday said that there is a best opportunity for India to turn into a global manufacturing hub as wages in China have gone up.

“Wages in China have gone up. That part of the world is now becoming costlier. Can we, therefore, create a world class infrastructure in India?” he said while addressing the Annual Day celebrations at Shri Ram College of Commerce (SRCC) in the national capital.

“Can the cost of our capital not be reasonable… All these issues of efficiency, quality improvement, that’s where the opportunity awaits us in creating mass jobs and that is the best possibility of India (in) removing poverty,” Jaitley said.

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