Govt committed to achieve $2 trillion exports target by 2030; right building blocks in place: Piyush Goyal

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NEW DELHI, 10 July 2024: Mr Piyush Goyal, Minister of Commerce and Industry, Govt of India today while reiterating Hon’ble Prime Minister’s vision stated that the government is committed to bringing three times more speed, three times more work, and three times more effort to achieve the results of our first two terms and make India the third largest economy in the world. “With the rapidly growing start-up India initiative, growing infrastructure investments, investments in manufacturing which are creating a lot of opportunities for trade, business, jobs and exports. We will be the 3rd largest economy in the next 3-4 years,” he emphasized.

Addressing the ‘FICCI National Executive Committee Meeting’Minister Goyal further stated that the direction in which India is moving forward deeply resonates with what the industry wanted. India has a lot of untapped potential as we make India a global manufacturing hub, getting India into global value chains, creating more and more global capacity centers working out of India so that we can increase services exports. “The government along with industry remains deeply committed to achieving $ 2 trillion export target by 2030. It is doable, achievable, with the right building blocks in place along with a strong macro economy to support it,” added Mr Goyal.

Mr Goyal asserted that in order to achieve the ‘Viksit Bharat’ vision, the industry has to come forward to collaborate and invest more in R&D, innovation and sustainability. He also urged the industry to be more demanding and proactive in providing suggestions to the government. The government, he added, is in the process of finalizing the ‘Jan Vishwas 2.0’. “How can we converge industry’s interest with national goals. A lot more needs to be done but we need you (industry) to come forward and give a balanced view on what is necessary along with the pain points regarding decriminalization and reducing the compliance burden,” he noted.

Dr Anish Shah, President, FICCI and Group CEO & Managing Director, Mahindra & Mahindra Ltd. highlighted the efforts undertaken by the government to make India a manufacturing hub. He also stated that substantial steps have been taken to lower the cost of doing business and improve the ease of doing business.

Mr Harsha Vardhan Agarwal, Senior Vice President, FICCI & Vice Chairman and Managing Director, Emami Limited delivered the vote of thanks.

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