Roundtable discussions had testimonials from Belgium enterprises operating in India
India’s 10x+ growth potential in the next 25 years which would reinforce its position as the fastest growing large economy, focus on 4Ts of Trade, Technology, Tourism and Talent, says Commerce and Industry Minister Piyush Goyal.
Addressing more than 28 business delegates from the Belgium side along with six members of the Indian business delegation, he underscored that there must be a level playing field for both the developed and emerging economies while addressing the global challenges such as climate issues.
“While India is committed to achieve its targets of net zero emissions, there should be meaningful contribution by all concerned and that commitments made under the Paris agreement must be adhered to by all countries,” he said at a roundtable discussion.
The Minister also expressed hope that that the mechanism of India EU Trade and Technology Council (TTC) could emerge as an effective platform for finding solutions to these challenges.
He noted that Indian and EU share several common concerns with respect to WTO issues where their positions are largely aligned and therefore, through their collective efforts, could jointly contribute to find consensus-based solutions in the upcoming WTO Ministerial Conference.
The roundtable discussions included testimonials from Belgium enterprises which are present and operating in India, testimonials from Indian and foreign companies present in Belgium and remarks from business organisations present during the meeting.
The issues discussed during the roundtable include tariff and duties, protection of IPR, investments, need for regulations in waste management sector, reducing regulatory compliances, zero carbon technology and green financing, off-shore wind systems, etc.
Goyal paid a two-day visit to Brussels for the first Ministerial meeting of India-European Union Trade and Technology Council (TTC), and spoke at business meeting organised by Federation of Enterprises in Belgium (FEB), the Commerce and Industry Ministry said on 16 May 2023. fiinews.com
