SME Times News Bureau | 05 Nov, 2019
Union
Minister of Commerce and Industry Piyush Goyal on Tuesday said that brand India
will be developed in order to promote the 12 champion services sectors.
He
further said that the Commerce and Industry Ministry will support different
sectors in the services industry in partnership with States and formulate
policies that will enable these champion sectors to grow and expand and contribute
in a much more significant way to the Indian economy.
The
services sector will contribute USD 3 trillion out of the USD 5 trillion
economy that India is set to grow to.
Commerce
and Industry Minister was speaking at the curtain raiser event of the 5th
Global Exhibition on Services (GES) in New Delhi.
GES
2019 will be held in Bengaluru from 26th – 28th November
2019. He expressed his happiness at Bengaluru hosting the GES 2019 as the city
cherishes tradition along with modernity. He also welcomed Uttar Pradesh as a
partner State in GES 2019.
Goyal
appreciated the efforts being made by Services Export Promotion Council (SEPC)
and Confederation of Indian Industry (CII) in promoting the services sector in
an organized manner and said that the sectors like tourism, health care and
education will attract investment and create jobs, promote entrepreneurship and
attract foreign exchange earnings.
The
huge potential of the services sector is yet to be tapped and this sector has
the capacity to generate large number of jobs and improve the quality of life
of citizens and contribute to the Indian economy said the Minister.
The Commerce
and Industry Minister urged SEPC and CII to focus on tourism and also sectors
like legal services, financial and accounting services apart from IT and ITeS
so that a bouquet of services encompassing all aspects can be offered to
domestic consumers and those travelling to India from abroad.
Piyush
Goyal unveiled the trophy of Nations Cup on e-sports or electronic sports competition.
E-sports are organized video game competitions especially between
professionals.
India
is poised to take advantage of this growing business through the entire
eco-system of e-sports – in areas of player/ team management, coaches,
streamers and venues. The e-sports is one of the highlights of GES 2019.
Karnataka
Minister for Medium and Large Scale Industries, Jagadish Shettar, Additional
Secretary in the Department of Commerce, Sudhanshu Pandey also addressed the
curtain raiser event. Senior officials of Central Ministries, Departments,
State Governments, representatives of foreign diplomatic missions in Delhi and
services industry were present during the event.