Union Commerce and Industry Minister, Piyush Goyal, addressed the Federation of Indian Chambers of Commerce & Industry's (FICCI) 97th Annual General Meeting in New Delhi. He emphasized the government's efforts to enhance India's research and development (R&D) ecosystem, urging industry leaders to contribute ideas for efficient funding processes. Goyal highlighted the importance of private sector involvement in fostering innovation and collaboration.
The Minister mentioned the Rs 1 lakh crore allocated under the Anusandhan National Research Foundation (ANRF) to promote innovation and a research-based ecosystem. He encouraged the youth to embrace experimentation and new ideas.
Goyal praised initiatives like Digital India and Swachh Bharat Mission, noting their role in India's transformation. He commended FICCI for promoting cleanliness in industrial parks and suggested CSR initiatives for adopting toilets in schools to impact children's futures positively.
Goyal highlighted India's growing global importance and urged FICCI to ensure quality standards across industries. He emphasized India's potential as a trusted partner and quality goods provider, contributing to a developed nation.
Piyush Goyal is an Indian politician and the Union Minister of Commerce and Industry. He works with the government to help improve India's trade and industry.
FICCI stands for the Federation of Indian Chambers of Commerce and Industry. It is an organization that represents business and industry in India, helping them grow and succeed.
R&D stands for Research and Development. It involves creating new products or improving existing ones through scientific research and innovation.
The Anusandhan National Research Foundation is a government initiative in India that supports research and innovation by providing funding and resources to scientists and researchers.
Swachh Bharat Mission is a cleanliness campaign launched by the Indian government to make India clean and free of open defecation. It encourages people to keep their surroundings clean.
CSR stands for Corporate Social Responsibility. These are activities that companies do to help society, like supporting education, health, and cleanliness projects.
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