Powered by: Motilal Oswal
12-06-2021 03:01 PM | Source: Accord Fintech
India's foreign trade in comfortable position: Commerce and Industry Minister Piyush Goyal
News By Tags | #4062 #248 #139 #3022

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Calling upon the captains of Indian industry to set ambitious targets as the economy is poised for a sustained spell of rapid growth, Commerce and Industry Minister Piyush Goyal has said that India's foreign trade is in comfortable position and the time has come for India to engage more with the world.

Minister said the industry has a huge role to play in the uplift of the poor and underprivileged. Goyal encouraged the Industry to have a greater appetite for taking risks, to invest in Industries that may be less profitable at the start, but are labour oriented and create lakhs of jobs. He also urged the Industry to promote tribal handicraft products as part of their CSR activities.

Besides, Commerce and Industry Minister said there is big scope in the expansion of labour intensive Plastics, Footwear and Textiles industry. He further added that India cannot be truly Aatmanirbhar, without empowering its poor to be Aatmanirbhar. Goyal also conveyed his appreciation for the Industry’s positive approach in FTA consultations.