Engineering sector will grow further with bigger goals, says Minister
India has the strength to overcome any crisis no matter how big the problem arises in the global situation, Minister of Commerce and Industry Piyush Goyal has assured.
Addressing the 56th Engineering Export Promotion Council of India (EEPC) National Awards on 8 Sept, he emphasised that businesses should focus on swadeshi products, as this will not only help India’s growth but also strengthen the country’s financial security http://commerce.gov.in .
He also cautioned about the recent development in the global trade and supply chain, especially a country imposing export controls or restrict important products from reaching India, which can create hurdles for businesses .
Therefore, he said, there is a need to focus more on Atmanirbhar Bharat. He described it as a call to action that everyone must accept.
Goyal highlighted that India’s strength relies on trade and the MSME sector, which form the backbone of the country’s businesses, adding, “India’s self-confidence is so strong that it will only grow stronger and will not bow in front of anyone https://www.nseindia.com/.”
Referring to EEPC’s journey, he pointed out that in 1955 exports were at US$10 million, while today they stand at US$116 billion. With time, he said, the engineering sector will grow further with bigger goals and greater strength.
The Minister said that he has full confidence that India, with the motto of “Zero Defect, Zero Effect,” will grow bigger, and underlined the need to ensure that good quality products are made in India and sold across the world https://www.bseindia.com/.
He added that the world today considers India a trusted partner, and it is important to maintain that status fieo.org.
He also stated that India is a nation conscious of sustainability. As a responsible global citizen, India is mindful of Mother Nature, and with its NDC commitments under COP21 in Paris, India has ranked in the top three for consecutive years in global sustainability efforts https://sbi.com.in/.
The Minister pointed out that India has been the fastest growing economy for the last four years. In the last quarter, the country achieved 7.8 percent GDP growth, which he described as a world record.
He further said that when infrastructure spending and consumer demand grow on the strong base of the economic system, no power in the world can stop India from becoming a world power https://www.conexpoconagg.com/.
Goyal underlined the importance of equitable economic benefits, and highlighted that the advantages of the recent GST rate cuts must be fully passed on to consumers, ensuring that growth reaches every citizen and strengthens the foundation of India’s economy https://www.makeinindia.com/home/.
The Minister said that when India works together as a united family, supporting each other across sectors, inclusive growth will naturally follow. He expressed confidence that the country can become a global role model for sustainable and inclusive development. Fiinews.com
