28-09-2023 12:47 PM | Source: Accord Fintech
High-quality standards to help India becoming developed economy by 2047: Piyush Goyal

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Food and Consumer Affairs Minister Piyush Goyal has said that high-quality standards in products and services will help India achieve its ambition of becoming a developed economy by 2047. He also stressed that ‘standards must support creating robust enforcement ecosystem and that they are developed after extensive consultation with all stakeholder groups’.

Goyal said standards are a cornerstone of domestic trade and export, a facilitator of innovation and efficiency contributing towards national growth. As members of technical committees formulating Indian Standards, they have an enormous responsibility to ensure that standards embed the principles of sustainability, facilitate the fight against counterfeit goods and support MSMEs and startups to become more competitive.

He further said each member must ensure that Indian standards reflect the latest technological advancements in the country and that these are at par with international standards. He said ‘only then, will India be able to achieve its vision of being the manufacturing hub of the world and realise the ambition of becoming Atmanirbhar Bharat’.