SME Times News Bureau | 11 Nov, 2021
Covid
has given India a huge opportunity to prepare for next 25 years, said Union Commerce Minister Piyush Goyal, while speaking at a media conclave in New Delhi on Thursday.
The
Minister for Commerce & Industry, Textiles, Consumer Affairs and
Food & Public Distribution said that India's economy is fully back
on track with the indicators showing great results.
He
said that exports are at an all-time high with almost Rs 235 Billion
dollar already achieved in just 7 months. GST collections were touching
Rs 1.3 lacs cr and PMI for Services was at a decadel high. Valuations in
Industry are great.
He
said that lockdown gave us the time to ramp up the capabilities and
capacities to tackle the pandemic like no other country. He said that
from PPE kits to Vaccines we have found solutions relevant to India.
World is looking towards India.
Goyal said that this huge bounce back has been due to an extraordinary leadership at the top.
Regarding Atma Nirbhar Bharat, Shri Goyal said that the mission is about engagement with the world from a position of strength.
“It's
not about closing all imports. It's a holistic programme targeting the
benefits for 1.3 Billion people. It will create capacities for the
future,” he said.
Goyal said that India believes in Multilateral free and fair trade. “We
believe in strengthening the capacities and quality of Indian products.
PLIs have been introduced in 13 sectors. Imports happen wherever some
domestic capacity is not there. But we are working towards making India
Atma Nirbhar and upscaling capacities in India,” he said.
Goyal added that the world now sees India as an emerging super power
and recognizes it as a trusted business partner. He said that we are
going through engagement with the world through FTAs, balanced and fair
equitable agreements. “Huge opportunities are emerging for India in the
fields that would create employment opportunities along with growth,”
he said.