SME Times News Bureau | 17 Dec, 2020
Union Minister of Industry and Commerce Piyush
Goyal on Thursday said that India is looking at
possibilities of trade in goods & services and investments
“We are looking at
possibilities of trade in goods & services and investments being a part of
our enhanced trade partnership. We are looking at an option to see if it can be
converted into an early harvest agreement”, he said addressing CII's
Session on Post-Brexit UK and India.
Goyal said that several rounds of talks have been
held between recently between the two countries, both of which are at the cusp
of transition.
He said that both the nations, linked by culture
and history, are natural partners, and are moving towards higher levels, to
emerge stronger and resilient.
Goyal said that India wishes to become a confident
economy, engage the world with confidence, and as a trusted partner. He said
that India-UK relations will truly expand in a mutually beneficial manner.
He said that both the nations have time-tested
relationship, which needs to be reinvigorated at the political, business as
well as the social spectrum
Goyal said that both sides have agreed to work
together in many sectors like education, health, environment, easier movement
of people, large investment flows. This all makes great promise for both sides.
He said that both the countries are deeply
committed to success of the relationship. He expressed the hope that the
outcome of discussions will be sweet, focussed and beneficial to people of both
the countries.
Talking about New India, Goyal said that said with a series of structural transformations &
reforms, India is emerging as the land of promise & prosperity.
He said that India has a stable government,
availability of land, reliable utilities and skilled manpower, friendly policies,
Rule of law, predictable policy framework and transparent processes.
He said that several sectors in the country have
been deregulated. He talked about the production linked Incentive programme,
which will help in Make in India for the world. He welcomed the businesses from
abroad to participate in these initiatives. “We are
taking decisions with determination, acting with ambition and are building
better relations with resolution.”
Goyal said that both
countries are working with a common goal. The UK's new global tariff, which
comes into force 2 weeks from now, will serve as a building block towards an
increasingly open trade partnership, he added.
He said that we have
identified 6-7 sectors between India & the UK, where we have had focused
engagement. All the priority sectors have huge promise and Invest India will be
happy to assist any UK companies through the entire life cycle.
The Minister also mentioned about Indian Railway,
which is undergoing massive transformation. He said that it will be the largest
railway in the world to be fully electrified.