November 23, 2024 11:09 (IST)
Follow us:
New Delhi, Sept 18 (UNI) Union Commerce and Industry Minister Piyush Goyal said on Wednesday that the future of India lies in the MSME sector and urged industries of the sector to demand the support of the government for development of clusters.
''It is in the MSME sector that the future of India lies and industries of the sector should demand the support of the Government in development of clusters near ports, availability of land in bulk, common effluent treatment plants and common testing facilities,'' he said.
Goyal gave away the export awards of Chemical and Allied Products Export Promotion Council (CAPEXIL) at a award function where Minister of State for Micro, Small and Medium Enterprises Pratap Chandra Sarangi was also present.
The Commerce and Industry Minister urged industry to engage with the world, grasp all opportunities that are available through the free trade agreements that India has entered into with other countries but at the same time protect the national interest, their business interests and above all the interest of the consumers.
The Commerce and Industry Minister said that in the chemicals and allied sectors, which has some of the oldest industries in the country, has much more potential than has been tapped and it is time that the entire sector should make a combined effort to take up new challenges, set higher goals and aspire for extraordinary results.
Goyal complimented the award winners and said that they must inspire others, who have not won an award today, to take bold decisions and risks and aspire to do extraordinary work in their industry.
For this, the Minister added that the CAPEXIL sector industries must embrace new technology and explore new markets, make value addition to the products that are being manufactured and not just remain in their comfort zone as manufactures and exporters of raw and basic products.
Goyal further said that although India’s chemical and allied sectors exports amount to 10 per cent of the global chemical market, it is time now to aspire to be the number one exporter of products from this sector and for this the Commerce and Industry Minister urged all the industries of this sector to think of ways and means to make more value addition to their products in the export basket and be bold and nimble-footed.
Goyal further said that investing and caring for the environment is an advantageous proposition for everybody, the industry as well as citizens, as it helps to create a conducive business climate and acceptability for Indian products worldwide.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Mahayuti set to sweep Maharashtra, JMM-Congress ahead in Jharkhand Sat, Nov 23 2024
Priyanka Gandhi Vadra takes strong lead in Wayanad by-poll Sat, Nov 23 2024
Assembly polls: NDA marches ahead in Jharkhand, Maharashtra Sat, Nov 23 2024
Indian-origin man charged in United States for conspiring to export controlled aviation components to Russia Sat, Nov 23 2024
Assembly polls: NDA takes early leads in Jharkhand, Maharashtra Sat, Nov 23 2024
All eyes are on Maharashtra, Jharkhand assembly election results as counting begins shortly Sat, Nov 23 2024
UK-India Free Trade Agreement negotiations to resume in early 2024 Sat, Nov 23 2024