Piyush Goyal Urges Indian Industry to Support ‘Make in India’ at Leadership Forum
Union Commerce and Industry Minister, Piyush Goyal, called for support from the Indian industry to make India a strong manufacturing hub. He emphasized the need for collaboration within the industry and with international players during his speech at the India Manufacturing Leadership Forum: Viksit Bharat – Operationalising Make in India for the World, organized by FICCI.
Goyal stated, “We need to brand India which we can only do collectively with all of you. We need to support each other. Industry needs to be a partner not only with international players. All of you need to support each other.” He added that Indian companies buying from each other helps create a robust ecosystem and secures them from disruptions.
He pointed out the global uncertainties and disruptions, such as the Red Sea crisis, and urged the industry to offer solutions and become an attractive manufacturing destination. “Be a competitively very exciting manufacturing destination. Our manufacturers will write the story of developed India,” Goyal said.
Goyal highlighted that manufacturing has been central to India’s development over the past few years, maintaining a steady growth rate of 15-16% in line with the GDP growth. He called for more collaboration between the government and industry, especially as PM Narendra Modi aims for three times more action and outcomes in his third term.
“On our part, we are working on ease of doing business but I very often also appeal to all of my industry friends. Please help us to help you. I need more ideas, we need more ideas,” Goyal urged, seeking industry engagement and support to guide the government in easing business operations.
Doubts Revealed
Piyush Goyal -: Piyush Goyal is a politician in India. He is the Union Commerce and Industry Minister, which means he helps make rules and plans for businesses and trade in India.
Make in India -: ‘Make in India’ is a campaign started by the Indian government to encourage companies to make their products in India. This helps create jobs and boosts the economy.
Leadership Forum -: A Leadership Forum is a meeting where leaders from different industries come together to discuss important topics and share ideas.
Union Commerce and Industry Minister -: The Union Commerce and Industry Minister is a person in the Indian government who looks after trade, business, and industry matters in the country.
manufacturing hub -: A manufacturing hub is a place where many factories and companies make products. It is important for creating jobs and growing the economy.
collaboration -: Collaboration means working together. In this context, it means different companies and countries working together to make better products.
competitive manufacturing destination -: A competitive manufacturing destination is a place where it is easy and cost-effective to make products. This attracts more companies to set up factories there.
ease business operations -: To ease business operations means to make it simpler and smoother for companies to run their businesses. This can include reducing paperwork and making rules easier to follow.
