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World is looking at India to play a much bigger role to balance between various trading nations in terms of supply chain; CII has been the bridge between the government and other stakeholders : Piyush Goyal
Aug 12, 2021

“Today the world is looking at India to play a much bigger role and to find the right balance between various trading nations in terms of supply chain and in terms of dependence on certain geographies”, said Shri Piyush Goyal, Hon’ble Minister of Commerce & Industries, Textiles, Consumer Affairs, Food & Public Distribution, during a Plenary Session on “Synergy Between the Government and Businesses for Sustainable Growth” as part of CII Annual Meeting 2021 organised virtually. He further added that “it is incumbent upon all of us that we address what is desired from us”.

“The mantra of Reform, Perform and Transform has been the Government’s guiding light and has been inculcated in every action of the government”, said Shri Goyal. The Government has been working towards further improvements in the business processes and as a result the Government will be soon be launching a genuine single window system in partnership with the industry, informed the Hon’ble Minister.

Highlighting the role played being by CII, Hon’ble Minister said “CII has been the bridge between the government and so many other stakeholders- industry, services, civil society and even common man”. He urged CII for ideas, imaginations, inspirations, which country is looking for and with industry partnership we can make India@75 a hub of the future and ideas. He also coined a new term IDEAS – where I stands for investment; D stands for demand which India has to offer; E for exports and employment generation; A for aspirations of 1.3 billion population for better future; and S for startups.

Hon’ble Minister said “we are looking at Jan Bhagidari (involvement of the people) and Udyog Bhagidari (involvement of the business community), both working tighter to become Vikas ki Bhagidari”. India@75 is clearly an opportunity to reflect on tremendous and remarkable structural reforms, which India has witnessed, he added.

“A number of initiatives have been put in place for creating greater efficiency as well as ease of doing business such as PLI scheme, creating GIS enabled land bank portal, capital spending in critical areas such as healthcare, infrastructure etc. as announced in the Union Budget along with move for privatization”, said Mr Sanjiv Bajaj, President Designate, CII, and Chairman & Managing Director, Bajaj Finserv Limited. All these initiatives will create more jobs, more opportunities for businesses and the economy while staying competitive globally. On the global opportunities, Mr Bajaj suggested that due to COVID 19, the global supply chains are getting reconfigured, which provides significant opportunities for the Indian industry

Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) expressed his appreciation on the Government initiatives which has significantly contributed towards increase in Foreign Direct Investments as well as the stellar performance of the exports. Going forward, CII believes that a strong and resurgent business and the industry partnership will be the critical ingredient towards achieving the goal of a Atamnirbhar Bharat as highlighted by the Hon’ble Prime Minister, he added.

12 August 2021

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