Indian diaspora urged to grab opportunities in India
Commerce and Industry Minister Piyush Goyal has confirmed that two more Free Trade Agreements will be signed by the end of this year, in addition to two trade pacts signed this year.
He further reaffirmed that both the US and Indian Governments’ desire to strengthen economic relations and strategic partnership, expecting strong bond with the American people to transcend into business and government very rapidly.
India has signed two FTAs with the UAE and Australia this year and is set to sign trade pacts with the United Kingdom end of October and to follow up with another signing with the United States soon.
A growing list of countries are negotiating trade deals with India including Russia, Oman, Canada, the Gulf Cooperation Council (GCC) and the Southern African Customs Union.
Reiterating that India is expanding its international engagements with countries across the globe, he noted, “Having lived, worked and benefited from countries like the US, our Indian diaspora understands the importance of international engagements.”
The Minister emphasised that working with 30 million Indian diaspora all over the world and working with friendly countries like the US and Europe can significantly change the course of history.
He underlined that India is on course to becoming a US$30 trillion economy in next 25-30 years, and urged the Indian diaspora to grab the opportunity that the growth story of India offers.
Goyal expressed confidence that the efforts of 130 crore Indians will showcase to the world a new India aspiring for bigger goals while following the path of duty.
Following his 5-10 Sept US visit, Goyal has also complimented the US and both the Commerce Secretary Gina Raimondo and Trade Representative Ambassador Katherine Tai for their unwavering commitment in making Indo Pacific Economic Forum (IPEF) a success.
“They have both been very supportive to India throughout the discussions and negotiations (in IPEF),” he said.
The Minister expressed confidence that together this group of 14 countries will define the rules of trade among countries which believe in fair play, transparency and rules-based trading in the future. fiinews.com
