SME Times News Bureau | 10 Aug, 2020
Ministry of Commerce & Industry Piyush Goyal on
Monday said that India
wants equal, fair and reciprocal trade with the world.
Inaugurated first edition of five day long virtual
FMCG Supply Chain EXPO,2020, the minister added that India is moving towards
balanced trade with many countries and regions.
This is one the reasons why India chose not to join
RCEP as it was completely unequitable arrangement Countries should, in a phased
manner, look at sourcing from India, developing their products in India &
then encash the large business opportunity that 1.3 billion Indian people offer,
he pointed out.
He said that those
investing in India, should not just look at assembling the Semi-knocked down
kits or availing import duty concessions, but must bring technologies, best
practices and do value-addition.
Refuting the criticism by some for supporting the
domestic industry and checking the imports, Goyal said that we want to protect
our industries so that they can get a fair play and access.
Goyal said that the Government will stand
shoulder-to-shoulder with industries in their efforts to become more
competitive & engage with the world on equal and fair terms.
He added that Prime Minister Shri Narendra Modi, in
the last 6 years, has focused his efforts largely to a better quality of life
for the marginalised sections of the society.
Building 11 crore toilets & taking broadband to
remotest corner of the country and taking other welfare reform measures have
collectively been game-changers and completely transformed national landscape
and prepared India to fight the worst of its kind pandemic, the world has ever
India has been helped in fighting the pandemic due
to the massive effort that the nation carried out under PM’s inspirational
leadership, with strong inputs from industry associations. It is the first time
nation has been able to keep people in their homes in the world's strictest
lockdown and provide for food & other basic necessities to every citizen
across the length and breadth of the country.
Railways and Food & Distribution Department
worked collectively in overdrive throughout the lockdown to ensure people got
food, fertiliser, milk & other necessities.
Goyal added that this initiative by FICCI India is
being carried out on an indigenously built platform, in the true spirit of
He Further added that the changes brought by the
pandemic will bring in a lot of positive elements which help us take
development to the remotest corners of India & involve people from across
the country as we adopt technology and become a trusted part of global supply
Goyal invited Indian industry to walk together,
support each other and work towards a prosperous India in the long run and
better future for the generations to come.