Union Finance Minister Nirmala Sitharaman on October 20 said she will prepare a blueprint for international companies that are looking beyond China to make India as their preferred investment destination. She said industry leaders who are contemplating getting their businesses out of China are “definitely considering India is the pitch”. U.S- China trade warHowever, Sitharaman said the government’s decision is not just going to be purely on the basis of what is happening presently between the United States and China. But the fact remains that there are companies which are looking at relocating for various other reasons also,” she said. She said India wants to create an ecosystem to invite the companies to tap the country’s market.

Source: The Hindu October 20, 2019 00:45 UTC