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Commerce and Industry Minister Piyush Goyal has asked the industry to look at ways to increase the contribution of the manufacturing sector to 25 per cent of gross domestic product (GDP) and set up 10 R&D labs or innovation centres to become a global leader in technology.

Currently, manufacturing accounts for about 15 per cent of the country's GDP. Goyal also said the industry should make all-out efforts to increase the share of exports to about 25 per cent of the GDP. Besides, he stated that Indian companies should support goods manufactured locally.

Besides, citing the bold reforms undertaken by the government in recent years, He said India’s Aatmanirbhar (self-reliance) initiative has inspired other nations to adopt its policies. He stated the world wants to emulate the India story. He added ‘Indian companies should support goods manufactured in our country. The National Single Window System needs to grow significantly.’