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Seeking suggestions and inputs to ensure continuation of fast rebound of economic activities, the Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution Piyush Goyal has asked Industry Bodies to prepay MSMEs to safeguard their viability and to boost employment and growth. Goyal congratulated Indian Industry for bouncing back after taking a hit due to the pandemic and for the resilience displayed while grappling with the pandemic, especially in the field of exports.

Highlighting the progress made in FTA negotiations, Goyal said that the Government was striving to conclude several Early Harvest Agreements so that their benefits could reach industry soon. He said that an FTA with UAE was nearing conclusion, negotiations were at an advanced stage with Australia and that discussions with Israel were ongoing.

Underscoring Government’s commitment towards infrastructure development and capital expenditure, Goyal said that the Centre would always support businesses activities. He also asked industry to use initiatives like the PM GatiShakti National Master Plan and India Industrial Land Bank to the best possible extent to expand and grow. The Minister observed that by and large economic, activities had not being impacted by the current Covid surge