Commerce and Industry Joint Secretary, Surendra Ahirwar, said today that India is currently experiencing the best possible time for innovation, experimentation, and taking reasonable risks in manufacturing and infrastructure. Delivering the special address at the 3rd Global Value Chain Meet, Joint Secretary Ahirwar stressed that India’s economic progress depends on the advancement of its digital, physical, and phygital (physical plus digital) infrastructure. He added that the allocation of more than 11 lakh crore rupees for the industry and doubling capital expenditure to 3.4 per cent of GDP in the recently presented Union Budget is a promising sight for the sector. Mr Ahirwar further said that along with financial support from the Union Government, states are also investing in big ways to create the infrastructure to meet the requirements.
