Reportedly Union Finance Minister Nirmala Sitharaman said she will prepare a blueprint for international companies that are looking beyond china to make india as their preferred investment destination. Meanwhile she said industry leaders who are contemplating getting their businesses out of china are "definitely considering india is the pitch ".

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Furthermore she said, it might be important for the government to now see and meet up with a lot of industry leaders and invite them to India. Sitharaman told a group of Indian reporters at the conclusion of her interactions at the annual meeting of the International Monetary Fund and the World Bank "I would certainly be doing that I go back and design in some way whereby I will identify those multinational corporations, all American businesses or any other country European or a British origin who are moving out of china or who probably are even contemplating. I will make a blueprint with which I will approach them and put forward to them as to why india is a far more preferable destination".



She added "After all little china as a very big domestic market and the their purchasing power, consumption style may be very different from what it is in India, but I am making that margin already that companies will probably be there to service the Chinese market tension or not tension".


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