“Pharma, chemical and solar equipment makers vocal about some disruption due to Coronavirus outbreak. There are no concerns about price rise so far, but it is too early to talk about impact on Make in India initiative,” the Finance Minister was quoted as saying by PTI.
Sitharaman made the remarks after a review meeting with industry bodies to assess the impact of Coronavirus on India’s trade and business.
Based on comprehensive consultation with the secretaries of different ministries, Sitharaman said some measures would be announced shortly and added that it will be done in consultation with the Prime Minister’s Office.
The Finance Ministry had tweeted on Saturday, “To assess impact of Coronavirus, presently endemic in China, on Indian trade & industry, Finance Minister Smt. @nsitharaman would be meeting Industry associations on Tuesday along with Secretaries in the Ministry,” the Finance Ministry said in a tweet.
There have been reports of several sectors, especially electronics, mobiles and textiles to have been hit due to supply restraints in China in the wake of the epidemic.
-with PTI inputs
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