OTHER GROUP COMPANIES
market

Piyush Goyal advises Indian Industry to set ambitious targets as economy is poised for a sustained spell of rapid growth

Addressing the 5th Meeting of the CII National Council in New Delhi, he said the industry has a huge role to play in the uplift of the poor and underprivileged.

December 06, 2021 12:18 IST | India Infoline News Service
Piyush Goyal
Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal called upon the captains of Indian Industry to set ambitious targets as our economy is poised for a sustained spell of rapid growth. Addressing the 5th Meeting of the CII National Council in New Delhi, he said the industry has a huge role to play in the uplift of the poor and underprivileged.

Goyal encouraged the Industry to have a greater appetite for taking risks, to invest in Industries that may be less profitable at the start, but are labour oriented and create lakhs of jobs. He also urged the Industry to promote tribal handicraft products as part of their CSR activities.

There is big scope in the expansion of the labour-intensive Plastics, Footwear and Textiles industry. India cannot be truly Aatmanirbhar, without empowering its poor to be Aatmanirbhar, he added.

Goyal conveyed his appreciation for the Industry’s positive approach in FTA consultations. “Right now we are engaged in FTA negotiations with 6/7 countries,” he said. Citing India’s foreign trade as “very, very comfortable” and seeking accommodation in trade deals, Goyal said, “On our part, I believe, that it’s time that we engaged more with the world, we look at deeper engagement, - both imports and exports.” “If we (don’t) open our autos or spirits sectors, for example, it will open greater opportunities for India than the other way round,” he added.

Goyal said the way we have fast bounced back since Covid, the way Industry geared itself up, Services sector, for example, reoriented their processes, Government supported Industry adopt WFH, we met all our international commitments throughout the Covid period including the lockdown. “Not for a second did any international supply chain, dependent on India, had to suffer, particularly the Services sector and for that matter even in the Goods sector,” he said.

Stressing that India is going through a sharp and strong revival, the Minister said that rising economic indicators point towards “India is shaping up for a growth decade.”

Goyal said the Government has initiated several schemes for the benefit of the Industry and the public in general, including the Power sector, One Nation, One Ration Card, the world’s largest health insurance programme, - Ayushman Bharat, UPI payments transfer and Jan Dhan banking for every home. “Government has focussed on saturating schemes,” he said.

Expressing confidence in the continuous Public-Private Partnership, Goyal said the Government is always thinking of how to empower the Industry and urged the entrepreneurs to come up with new ideas in nation-building.

OPEN A DEMAT ACCOUNT & Get FREE Benefits worth 10,000

OPEN A DEMAT ACCOUNT & Get
FREE Benefits worth 10,000

STOCK VIEW

PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

FEATURED ARTICLE

BLOGS

Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity