Economy
FM Sitharaman Promotes India as Global Manufacturing and Innovation Hub
The Hindu1h
THE BRIEF
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Finance Minister Nirmala Sitharaman invited global investors to establish manufacturing and innovation bases in India during a business roundtable in Chicago on August 28, 2026.
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As of June 2026, GIFT City has attracted 1,250 registered entities, offering a gateway for global capital into India's financial ecosystem across banking, reinsurance, and aircraft leasing sectors.
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The Minister highlighted that India's investment strategy leverages Digital Public Infrastructure like UPI and Aadhaar, alongside production-linked incentives to shift focus toward deeper component manufacturing and advanced technologies.