Mobile industry has grown to nearly 200 manufacturers, says Goyal
India will launch a Free Trade Agreement (FTA) with Gulf Cooperation Council (GCC) next week while negotiations are underway for similar trade pacts with the UK, Canada, EU and Israel, Commerce and Industry Minister Piyush Goyal said on 16 Nov 2022.
He also highlighted that developed countries of the world are now keen to do FTAs or comprehensive economic partnerships with India.
“India’s vibrant startup ecosystem and innovation is attracting the world to come and set up operations in the country,” he said at the Consumer Electronics and Appliances Manufacturers Association (CEAMA) 43rd Annual Function ACE Dialogues 2022 in New Delhi.
Goyal complimented the industry stakeholders for their bold leadership on negotiating on an equal basis while dealing with the developed nations.
“This shows the courage of conviction of the industry in their ability to compete with the best,” he added.
The Minister highlighted the remarkable growth in the mobile industry which has expanded from two manufacturers to nearly 200 manufacturers. “This is a living example of the success.”
“The industry will truly become the flag bearers of new prosperous India, which will provide job opportunities to every single child born in India, and produce world class products in India,” he said. fiinews.com
