‘Invest and make in India,’ Jaitley appeals to Australia Inc

Inviting Australian businesses to "invest and make in India", Indian Finance Minister Arun Jaitley on Wednesday said sectors like railways, defence and manufacturing now offer huge scope for foreign investments with liberalised FDI norms. "India could manage to become a very low-cost service provider but failed to transform into a low-cost manufacturing", Jaitley said here, adding there is an opportunity now for the same.