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Home Economy

India deregulates economy for global investments

Fiinews by Fiinews
December 17, 2020
in Economy, Exports, Investment
Reading Time: 1 min read
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Minister Piyush Goyal (file pic).

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Goyal highlights huge investment opportunities

India is making efforts to deregulate its economy for greater investments from other parts of the world, the Commerce and Industry Minister Piyush Goyal told the Ministerial Session at the CII Partnership Summit on 15 Dec 2020.

Goyal said that India provides a huge opportunity for investments and procurement of goods and services.

“India is looking forward to working with friends and neighbours, and having a global footprint,” said Goyal.

India is also working to turn the Covid-19 crisis into an opportunity and is confident of reaching the target of US$5 trillion economy by 2025, and US$10 trillion in another 7-10 years.

Narrating about India’s support to the world during the pandemic, he said that India has always risen to the occasion in helping other nations.

“India provided free medicines to about 50 countries through grants, and supplied medicines to over 150 countries.”

As such, India will not be closing its doors to the partner countries, but there will be greater engagement with the world from the position of strength.

“Let us offer the best to each other so that there can be prosperity for everyone,” he stressed. #economy #investment #manufacturing #exports /fiinews.com

Tags: CIIMinistry of Commerce and Industry
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