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24/01/2023 12:12pm

Quality of products most important factor in success story of India: Union Minister Piyush Goyal

image Quality of products most important factor in success story of India: Union Minister Piyush Goyal

Gandhinagar, Jan 24 (KNN) Union Minister of Commerce and Industry Piyush Goyal on Monday said that the government is trying to make our country accept quality as a most important factor in the success story of India.

Speaking at the fourth Plenary Session of B20 India Inception Meeting on Building Resilient Global Value Chains in Gandhinagar, Goyal emphasized that setting global benchmarks, harmonizing Indians standards with global standards, and consumers becoming more demanding of quality are essential for India to become a global key player.

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The commerce minister also noted that for MSMEs to flourish, large companies must take responsibility and help them adapt best practices and integrate them into the supply chain ecosystem.

Citing an example, he said, as Apple's manufacturing plant comes up, thousands of MSME units flourish in the ecosystem as mini value chain suppliers to Apple.

“We must also try to make it easier to operate for small companies, eliminate unnecessary paperwork, make custom processes simpler, and use technology to ease and simplify processes,” he said.

Highlighting the India-UAE CEPA agreement, Goyal said that MSMEs of both the countries will be the biggest beneficiary of this agreement. Both the countries are engaging with each other and exploring opportunities to meet the needs of each other countries.

On, district as export hub initiative of the Government, the textile minister said it is inspired by the Prime Minister’s idea to recognize every district for their unique products and identify the speciality of districts by knowing which district exports which products.

Centre is looking an each district and its potential to emerge as an export hub. It is coordinating at district and state levels to see how businesses can be connected with world markets, making each district realize their role in value chains.

Goyal urged Industry to recognize global efforts to tackle climate change and take up the responsibility of becoming conscious and sustainable in their business practices.  (KNN Bureau)

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