Team Blitz India
MUMBAI: Union Minister of Commerce and Industry, Piyush Goyal on July 17 appreciated the role of Indian industries in making India a major player in the world economy. Addressing the 187th Annual General Meeting of Bombay Chamber of Commerce and Industry, Goyal said that the goal of ‘Aatmanirbhar Bharat’ is not about closing doors but opening India to the world for greater international trade and making it a part of global value chains.
Goyal said that India’s competitive and comparative advantages have to be leveraged for integration with the world economy and this is being focussed upon in the ongoing negotiations for Free Trade Agreements. He also noted the measures undertaken to attract investment and improve Ease of Doing Business like the Production Linked Incentive schemes, focus on R&D and innovation, effort to decriminalize corporate offences, reduce compliances, focus on logistics, last-mile connectivity, etc.
Goyal said that it is time to take advantage of the edge that India has in economies of scale, demographic dividend, government-industry partnership, focus on quality and efficiency, sustainability and innovation.