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Home Manufacturing

Manufacturing: Industry told to come forward; invest more in R&D

Fiinews by Fiinews
July 16, 2024
in Manufacturing
Reading Time: 2 mins read
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FICCI.

Minister Goyal at FICCI meeting.

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Goyal wants to create more and more global capacity centers working out of India

Commerce and Industry Minister Piyush Goyal wants the industry to come forward to collaborate and invest more in R&D, innovation and sustainability commerce.

He also urged the industry to be more demanding and proactive in providing suggestions to the government pmindia .

“How can we converge industry’s interest with national goals. A lot more needs to be done but we need you (industry) to come forward and give a balanced view on what is necessary along with the pain points regarding decriminalization and reducing the compliance burden,” he underlined at the ‘FICCI National Executive Committee Meeting’ on 10 July ficci .

“India has a lot of untapped potential as we make India a global manufacturing hub makeinindia, getting India into global value chains, creating more and more global capacity centers working out of India so that we can increase services exports,” the minister highlighted nse.

“The government along with industry remains deeply committed to achieving US$2 trillion export target by 2030 fieo . It is doable, achievable, with the right building blocks in place along with a strong macro economy to support it bse ,” he said.

“With the rapidly growing start-up India initiative, growing infrastructure investments, investments in manufacturing which are creating a lot of opportunities for trade, business, jobs and exports. We will be the 3rd largest economy in the next 3-4 years,” he emphasized. Fiinews.com

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