Piyush Goyal Urges Quality Manufacturing for India’s Global Competitiveness
Union Commerce Minister Piyush Goyal emphasized the importance of manufacturing high-quality products to make India competitive globally. Speaking at the Indian Foundation for Quality Management symposium, he highlighted that quality is crucial for job creation, economic expansion, and sustaining growth. Goyal urged industry leaders to adopt quality as a long-term movement, noting that overcoming resistance to quality standards is vital for India’s future.
He shared that in the past decade, quality control orders have increased from 14 covering 106 products to 174 covering 732 products. Goyal cited the toy industry as an example of success after adopting quality standards, transforming from importing low-cost toys to exporting high-quality ones. He encouraged collaboration between large industries and SMEs to meet global standards.
Goyal also paid tribute to Ratan Tata, acknowledging his leadership in enhancing India’s global image. Tata’s legacy serves as a lesson in leadership for industry professionals.
Doubts Revealed
Piyush Goyal -: Piyush Goyal is an Indian politician who is currently serving as the Union Commerce Minister. He is responsible for managing trade and commerce activities in India.
Global Competitiveness -: Global Competitiveness means how well a country can compete with other countries in terms of business, trade, and economy. It involves producing high-quality products that can be sold worldwide.
Indian Foundation for Quality Management -: The Indian Foundation for Quality Management is an organization that promotes quality standards in Indian industries. It helps businesses improve their products and services to meet international standards.
SMEs -: SMEs stands for Small and Medium-sized Enterprises. These are smaller businesses that play a crucial role in the economy by providing jobs and contributing to production.
Ratan Tata -: Ratan Tata is a well-known Indian industrialist and former chairman of Tata Sons. He is respected for his leadership and efforts in making Indian businesses recognized globally.
