Goyal wants to reboot the economy
Commerce and Industry Minister Piyush Goyal has told exporters to think big and be ready to harness the opportunity in the post-COVID-19 era.
“If we improve our quality, build capacity, bring in economies of scale, improve price competitiveness, then we can grow and harness the potential in post-COVID-19 world, he said through Video conferencing on 8 Apr 2020, with various Export Promotion Councils of the country to assess the ground situation and problems being faced by them in the wake of the deadly disease and subsequent lockdown.
“My personal belief is that when a country engages with big scale and looks at market dominance – automatically you focus on quality, cost of production comes down, productivity improves, efficiency improves,” stressed Goyal.
Goyal assured that the Government has been thinking big and delivering on the ideas.
“Even in these challenging times, we have to keep our priority to keep exports open, so that we don’t lose our export market permanently.”
He assured that efforts will be made to ensure that urgent and important export orders, stuck for any reason, fructify at the earliest.
The Ministry is working aggressively so as to get the exports revitalized, looking for export opportunities to expand.
“There cannot be a better time for export and manufacturing business to bring about change in their thinking. You can focus on areas of your core competency. We should also look at areas where we are strong but our global share is very small. We can continue to improve on such areas,” he said.
The Minister said that in this post-COVID world, India can shine, being a vibrant and transparent democracy, and working with rule of law, along with a humanitarian approach.
“We are globally responsible citizens and we will ramp up our pharma sector for global needs. We have a lot of spare pharma products,” Goyal assured.
“We need to bring the economy back on track, without compromising the health of the people. Ultimate decision will depend on the health.”
He cited the example of IT industry success and called upon the exporters not to take the support of the Government crutches.
The meeting was attended by Office bearers of FIEO, EPCs of Gem & Jewelry, Leather, Electronics & Software, Synthetics & Rayon, Handicrafts, Project exports, Telecom, Textiles, Cashew, Plastics, Sports goods, Woolen, Oilseeds & Produce, Silk, Engineering Exports, Services, Pharma, Chemicals and dyes, Forest produce, Carpet, Allied chemicals. fiinews.com
