Centre has created new opportunities for private sector: FM Sitharaman

If Coimbatore tries to be a pioneer in Web3 technology, it can achieve a unique place and the city can lead the way in the country, she said

With licence quota raj prevailing during the 70 years of Congress regime, the policy change brought in by the central government under Prime Minister Narendra Modi has created new opportunities for the private sector by allowing them to manufacture products that were normally made by public sector units (PSUs), Union Finance Minister Nirmala Sitharaman said on Monday.

The previous regimes had centrally planned schemes with regulation of limited manufacturing opportunities and the aspirations of core industries were clipped despite their potential to boost manufacturing in the country, Sitharaman said while speaking after presenting the 'Startup Dhruv' awards to startups in the