December 29, 2024 08:58 am (IST)
Follow us:
Future of India lies in MSME sector: Piyush Goyal
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
One killed, another injured as Marathi actor's car runs over two Metro workers in Mumbai
Sat, Dec 28 2024
'Congress, BJP working together to stop AAP': Kejriwal alleges after Delhi LG orders probe into welfare schemes
Sat, Dec 28 2024
Rahul Gandhi accuses govt of insulting Manmohan Singh with cremation site choice; BJP retorts
Sat, Dec 28 2024
Passengers protest, demand refund after IndiGo's Istanbul-bound flight delayed for 16 hrs; airline responds
Sat, Dec 28 2024
Manmohan Singh was a 'true statesman', says Joe Biden paying tribute to former Indian PM
Sat, Dec 28 2024
Indian Army contingent comprising 334 personnel departs for Nepal to participate in Exercise Surya Kiran
Sat, Dec 28 2024
Former Indian PM Manmohan Singh's last rites to be performed today
Sat, Dec 28 2024