See India as investment partner, not just a market: Jitin Prasada

Published : May 19, 2026, 12:31 PM IST
Jitin Prasada, Union Minister of State for Commerce and Industry (Photo/ANI)

Synopsis

Union Minister Jitin Prasada urges foreign firms to partner with India and invest in its growth story, not just treat it as a market. He highlighted the nation's bottom-up growth, stable business environment, and new opportunities for MSMEs via FTAs.

India should be seen not merely as a market for selling products but as a long-term investment partner, with foreign companies encouraged to work alongside Indian businesses in the country's growth story, says Union Minister of State for Commerce and Industry Jitin Prasada on Tuesday.

India's Bottom-Up Economic Growth

Speaking at the industry body Assocham's India Business Reforms Summit 2026, the minister said India's economic transformation is now being driven not only by metropolitan cities but also by smaller towns and rural areas, creating a large domestic market for businesses and investors. "India is changing bottom up as well. It's not only about our metros. So that's where. We are the biggest market," Jitin Prasada said.

An Invitation to Invest and Partner

He said the government is encouraging global investors to become part of India's manufacturing and business ecosystem, rather than using the country only as a consumer market. "But I tell the investors, also the foreign investors, that don't treat India as just a market. We want to partner with you. We want them to invest in India," he said.

Stable and Transparent Business Environment

Prasada said India offers a stable business environment backed by legal certainty and transparent governance, which gives confidence to domestic and foreign investors. "This government, India, we have a rule of law. There is transparency. And there's an equal footing for everybody. There is no shortcuts anymore," he said.

FTAs Opening New Markets for MSMEs

The minister said recent free trade agreements with various countries have expanded market access for Indian businesses and opened fresh opportunities for micro, small and medium enterprises. "These FTAs have opened up a market you can't imagine. And our MSMEs are going to be the growth engine," he said.

Strengthening Manufacturing Competitiveness

He added that the government's industrial strategy focuses on expanding value addition, technology and logistics infrastructure to strengthen manufacturing competitiveness. "We want to add to the value chain. It's not only about manufacturing... It's about tangible results. Our Gati Shakti portal, the logistics policy, the export promotion policy -- all those things coupled are ensuring that India is moving at such a rapid pace," Prasada said. (ANI)

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

PREV

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

 

Recommended Stories

India's oil trade deficit to widen sharply in FY27, warns Crisil
Goldman Sachs bullish on Paytm, reiterates 'Buy' rating on stock