PIB | 30 Apr, 2023
Union Minister for Commerce and Industry, Piyush Goyal, delivering the inaugural address at the 'India Calling Conference 2023' organized by the Indian Merchants Chamber in Mumbai, highlighted the contribution of companies from small countries, such as the Czech Republic and Poland, to the supply chain of big companies around the globe.
Goyal appealed to all to aim for a 47 trillion dollar economy when
India reaches the year 2047.
He added that India has tried to formalize
the economy and has met with great success. The spirit of team,
competitiveness, and positivity are necessary for success, and that kind
of spirit can be seen in Mumbai, which is not only the financial
capital but also the fun capital of India, he added.
Goyal said that every single geography in the world has a lot of hope
and expectation from India, and though it can be sometimes daunting, it
shows the confidence of the world in India's future.
He said, "India
reflects the vision of the world as one Economy. While Commerce Industry
teams are negotiating Free Trade Agreements with a deep focus on
protecting India's interest, India believes that true prosperity happens
when the whole world prospers. India believes in Vaccine Maitri under
which it delivered 278 million doses to poorer countries mostly free
because India feels safe when the world is safe."
Minister further added that the 'Panch Pran' given by the Prime
Minister can be realized only if it becomes the commitment of the entire
nation. He emphasized that the vision of a developed India will not be
possible without the 'Nari Shakti' of India and a corruption-free
He applauded the commitment of the industry to social causes and
said that all of us are determined for a better future for India.
the conference, Dinesh Joshi, Chairman, IMC International Business
Committee, highlighted the success story of 'Make in India' initiative,
where India has turned out to be one of the most favored manufacturing
He mentioned that India's smart phone exports have increased from
zero to 90,000 crores, and centers of excellence are being set up for
the manufacture of electronics, pharma, textiles, and solar
He also noted that India has made considerable progress
in sectors such as defense, space, hydrogen energy, and fintech.
Singhania, President, IMC, in his welcome address, said that India is
now the 5th largest nation by GDP, up from 10th place since 2014.
highlighted the government's initiatives to link ordinary Indians to
their electronic identity through a set of digital services, which has
caused the cost of technology to drop. This and the conducive ecosystem
created by the Government of India have transformed the startup scene in
India, making India the world's third-largest startup hub, he observed.
He also noted how India has gone from creating 1 Unicorn/year to 42
Unicorns in 2021 and in a span of 10 years emerged as the number 1
mobile data consuming nation.
Minister Piyush Goyal also extended an invitation to those present to
join him in listening to the 100th episode of Mann Ki baat on April 30.