New Delhi : Union Minister of Commerce and Industry Shri Piyush Goyal During my speech FICCI National Executive Committee meeting Here, the definitionD Prime Minister Shri Narendra ModiMy success is granted’Order of St. Andrew the Apostle‘, Russia’s highest civilian award. Mr. Goyal said that it clearly shows how skillfully India has been able to pursue international relations. The minister asked the industry to work with the government to take India-Russia bilateral trade to $100 billion by 2030.

Mr. Goyal said he will visit Switzerland to work for USD 100 billion foreign direct investment. (FDIPurpose under recently signed India-EFTA Trade and Economic Partnership Agreement. Mr. Goyal asserted that this commitment is purely an FDI commitment and does not include foreign portfolio investment. He hoped to see that the EFTA agreement on FDI commitments could be taken forward by the collective efforts of Indian industry in building partnerships.

Mr. Piyush Goyal said that along with the rapid growth of the industry, the government is committed to the export target of 2 trillion dollars by 2030. We have the right building blocks, we have strong macroeconomics to support us. The country’s currency is stable and outperforming other emerging markets”, said Shri Goyal. He said that with a stable government, stable markets, stable economy and recovery in collective energy, the country is being valued as a bright spot in the global economy at most global forums.

The minister said that more than 1 lakh patents have been registered in the last one year, which shows a significant increase in patent registration since 2014. He added that there are quality standards and quality control orders linked to Indian competition standards that will enable India to be cost competitive and help the government prevent inferior products from entering the Indian market.

The Minister said that the Government of Prime Minister Shri Narendra Modi in its third term is committed to deliver three times the speed, three times the work and three times the results to make India the third largest economy in the world. Mr. Goyal asserted that the government is fully committed to work on calibrated reforms that will help grow the Indian economy while increasing the income levels of citizens. The minister further said that for the next five years, Jal Jeevan Mission will promote large-scale infrastructure to provide citizens with basic amenities such as better road and rail connectivity, electricity, piped gas connection, water connectivity for every household. being extended.

Mr. Goyal emphasized that faster roll-out of infrastructure resonates deeply with the needs of the industry as it has a multi-fold impact on employment, economy and consumption of various goods and services. Elaborating further, he said infrastructure development in terms of flexibility in manufacturing and logistics has a long-term impact on the Indian economy but will also help the government strike a delicate balance in society. – Privileged class, a vision PM Modi has been working on for the past ten years.

The minister said that expansion of health care for senior citizens above 70 years of age, success of Jal Jeevan Mission, 3 crore free houses under Pradhan Mantri Awas Yojana and efforts to rehabilitate slums in urban areas are among them. are part. Government agenda during this period. Mr. Goyal asserted that these basic facilities along with employment opportunities or entrepreneurship from the rapidly growing Startup India Initiative and investment in manufacturing will soon make India the third largest economy in the world.

He said that the government is trying to ease the journey of Indian investment by reducing the compliance burden, decriminalizing laws through the Jan Vishwas Act and other such measures to increase ease of doing business. . Mr. Goyal urged the industry to be more proactive and engage with the government to bring out bottlenecks faced by stakeholders and combat corruption.

Referring to PM Modi’s ‘Ek Pad Ma Ke Naam’ campaign, Mr. Goyal said the government was committed to promoting sustainability and urged participants to plant trees. The minister further explained how bamboo has a great impact on sustainability as it can produce oxygen and is also a carbon sink. He encouraged the participants to consider practical steps that would help reduce the use of plastic and urged the industry to contribute to the efforts to take this movement to the last man of the country.

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