Piyush Goyal Meets Young Indian-Origin CEOs in New York
Union Minister of Commerce and Industry, Piyush Goyal, met with young Indian-origin CEOs and entrepreneurs in New York. He emphasized the reforms introduced under PM Narendra Modi’s leadership that have driven India’s growth over the past decade.
In a post shared on X, Goyal wrote, “Great discussions with young CEOs and entrepreneurs of Indian origin in New York. Highlighted how key reforms under PM Narendra Modi’s leadership have driven India’s growth over the last decade, offering unmatched opportunities for businesses.”
He also reaffirmed India’s commitment to shared prosperity in sectors such as advanced manufacturing, robotics, artificial intelligence, and sustainable technologies. He stated, “Invited American companies with expertise in high-tech manufacturing to ‘Make in India’ for the world. Reaffirmed our commitment to shared prosperity and collaboration, particularly in advanced manufacturing, robotics, AI, and sustainable technologies.”
The Union Minister also met with Chirag Patel and Chintu Patel, Co-CEOs of Amneal Pharmaceuticals, to explore ways to leverage India’s existing pharmaceutical ecosystem. Sharing pictures on X, Goyal wrote, “Held a meeting with Chintu Patel, Co-CEO, and Chirag Patel, President and Co-CEO of Amneal Pharma, a global pharmaceutical company with a presence in five locations in India. We explored ways to further leverage India’s existing pharma ecosystem for high-end R&D, including biologics, enhancing manufacturing capabilities, and building a robust supply-chain network to serve the world.”
Earlier, Goyal noted that the “Make in India” initiative has significantly contributed to the positive trends in the latest gross value added (GVA) figures. When asked about the initiative’s impact, Goyal said, “I think it’s huge because this annual survey of industries reflects the growth in the manufacturing sector.” He added, “The fact that we have now surpassed pre-pandemic levels, and that growth continues in a sustained manner in industries such as basic metals, coke and refined petroleum products, food production, chemical industries, and motor vehicles, shows that India is a combination of manufacturing and consumption-led growth. In other parts of the developed world, growth is largely consumption-led.”
Doubts Revealed
Piyush Goyal -: Piyush Goyal is a minister in the Indian government. He works on important projects to help India grow and develop.
CEOs -: CEOs are the top bosses of companies. They make big decisions to help their companies succeed.
Indian-origin -: Indian-origin means people who have family roots in India but might live in other countries.
New York -: New York is a big city in the United States. Many important meetings and events happen there.
PM Narendra Modi -: PM Narendra Modi is the Prime Minister of India. He is the leader of the Indian government.
Make in India -: ‘Make in India’ is a program started by the Indian government to encourage companies to make their products in India.
advanced manufacturing -: Advanced manufacturing uses new technology to make things better and faster.
robotics -: Robotics is the science of making robots, which are machines that can do tasks automatically.
AI -: AI stands for Artificial Intelligence. It means making computers smart enough to do tasks that usually need human intelligence.
sustainable technologies -: Sustainable technologies are ways of doing things that do not harm the environment and can be used for a long time.
Amneal Pharmaceuticals -: Amneal Pharmaceuticals is a company that makes medicines. They work on creating new drugs and treatments.
R&D -: R&D stands for Research and Development. It means working on new ideas and products to make them better.