Goyal highlights new sense of enthusiasm to manufacture in India
Countries across the globe must respect India’s rapidly growing economy and must work on developing fair, equitable and balanced bilateral trade agreements.
Commerce and Industry Minister Piyush Goyal gave this message at the 2nd CII India Europe Business and Sustainability Conclave, held by the Confederation of Indian Industry (CII) https://www.cii.in/ in New Delhi on 21 Feb 2024.
“We believe that FTAs or bilateral agreements have to be fair, equitable and balanced. Countries across the globe need to recognise that India, as a rapidly growing country, is poised to become a US$35 trillion economy by 2047,” he underscored at the Special Plenary Session of the conclave.
The Minister spoke about the past year of India’s G20 presidency as a successful year including the launch of both Global Biofuel Alliance https://www.studyiq.com/articles/global-biofuel-alliance-gba/ and the India Middle-East Economic Corridor (IMEC) https://commission.europa.eu/index_en , both of which will ensure growth and development across the globe, through “transparent and fair-trading systems”.
Focussing on inclusivity and gender equality, Goyal said, “The nation is working towards not only the growth of women, but also towards women-led development.
“As we collectively work towards expanding our international relations, we believe India with strong macroeconomic fundamentals and a large aspirational pool of young talent will continue to expand rapidly.”
He continued, “Today, we have a new sense of enthusiasm to manufacture in India, to design and innovate in India, to become a hub of economic activity for other parts of the world.
“We are for an India with a conducive business climate where we focus on ease of doing business, reducing compliances and working in partnership with businesses across the world with a very strong and robust regulatory mechanism in place.”
The minister spoke about the plethora of opportunities in the various sectors across India. Be it modern technology, sustainability https://sdgs.un.org/goals, RE, or circular economy, India is unlocking new frontiers and expanding our footprint a cross the globe.
He specifically mentioned the pharmaceutical sector, where India can go on to become the Pharmacy of the World in a much bigger way by providing affordable medicines to the rest of the world. Fiinews.com
