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Union MSME minister Narayan Rane has urged the global and domestic industries to continue to invest in India, which is on its path to become the third largest economy. He made the remarks at 'GIC 23 Intergovernmental Connect' organised by Inventivepreneur Chamber of Commerce and Industry (ICCI) in association with the Ministry of Micro, Small & Medium Enterprises (MSME).

The minister said ‘from 10th largest in 2014, India today is 5th largest economy. Only Japan and Germany are ahead of us. We will become the 3rd largest by 2030 as envisioned by our prime minister.’ He said that immense business opportunities are available in various sectors in India and promised full support to investors looking to invest in the country.

He further stated that the country will see various industrial parks across various locations and the investors can explore business opportunities in this area. He also said the industry must identify areas where imports are happening and start producing such products to check inbound shipments.