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NITI Aayog Vice-Chairman Rajiv Kumar has sought to dispel the fear that India is favouring a closed economy by promoting ‘Atmanirbhar’ mission, and said the country can achieve better results for its people by having a deeper engagement with the global supply and value chain. Kumar said India remains very deeply committed to greater integration with global flows and the regional network. He said ‘We would want the Japanese companies to come and make India an export hub to the rest of the world under the PLI scheme. I think the environment is there to develop it because on the Indian side we have done, and we will continue to do whatever is required to attract Japanese investment into India.’

Kumar said ‘I do want to take this opportunity to dispel any fear at all that the production linked incentive scheme for the Atmanirbhar, the self-reliant India- a call given by the prime minister as a response to the Covid situation and for our economy to come out of it- I want to dispel the fear that it is in any sense leading us towards a closed economy’. He said there is no question at all for India to move back from its engagement with the global economy, trade, services, financial and technological aspects among others.

He added ‘We are convinced that it is only by a deeper integration for India that we will achieve better results for our people as we go forward.’ Talking about the transition towards green mobility by promoting clean energy, he said Japan has already taken a lead in this field and it can help the Indian companies by inviting them to supply green ammonia- a key input in making hydrogen fuel.