1,000 businesses attends Jain International Trade Organisation’s virtual expo
India is fast progressing on negotiating Free Trade Agreements (FTAs) with Australian, the European Union, United Kingdom, UAE and other GCC member countries while having agreed with the United States to aspire for a US$500 billion in annual bilateral trade in the near future.
Updating the much needed FTAs on 28 Aug 2021, Commerce and Industry Minister Piyush Goyal said, “We are fast progressing on our discussions on FTAs with several countries like UK, UAE and GCC countries, Australia and European Union. The world is looking for a trusted partner and that partner is India’s business community.”
He also added that India and the US have agreed to aspire for US$500 billion in annual bilateral trade in the near future.
The Minister pointed out that India has recently emerged as the world’s 2nd most desirable manufacturing destination overtaking the US, which shows the potential and promise of India to become the “Manufacturing hub” of world. “Along with that, we should also become a “Trading hub” i.e. the place where the world comes to shop.”
India’s rise to the top will be backed by Trust, Tenacity and Talent of its Traders. “India is ready to SPRINT ahead with Stability, Productivity, Resilience, Innovation, Nationalistic spirit and Talent,” he told the business and trade fraternity through the virtual platform of Jain International Trade Organisation (JITO).
“Every growth parameter is showing extremely exciting future for all of us. Whether it is FDI, forex reserves, food grain reserves, agriculture production, manufacturing, all sectors are on a growth path. We now need to sprint ahead,” Goyal stressed.
JITO organised the 12-day long virtual expo connecting 1,000s of businesses and entrepreneurs together to learn, earn and grow. #exports #trade #investment #manufacturing /fiinews.com
