New Delhi, Mar 7 (KNN) Union Minister of Commerce and Industry Piyush Goyal on Monday asked manufacturers, FMCG providers and the consumers to work collectively to revive Indian domestic manufacturing at scale, with high quality and at competitive prices, so that India provides a large amount of work and business opportunities.

Addressing the inaugural session of Massmerize 2023 in New Delhi, Goyal opined that the FMCG sector will truly be a driver of economic growth and India in the future will become an important consumer market.

“India's journey of growth, the retail sector and the FMCG sector, will have a huge role to play. Growing forward consumption will increase significantly and added that consumption will be driven by demand for good quality products made in a sustainable way, delivered smartly,” he said.

Goyal pointed out that the government, over the next two or three years, hope to ramp up focus on quality by bringing in reasonably strict but practical quality standards on many more products so that Indian manufacturing is able to withstand irrational competition, increase the scale of production and become more competitive.

“The development of both public sector and the private sector is necessary to create infrastructure to help the Indian economy grow rapidly,” he said.

The Commerce minister underscored that sustainability would drive demand in the days ahead. He noted that the government had been focusing relentlessly on sustainability across sectors.

“Significant investments earmarked in the budget in the last three or four years will be able to make Indian manufacturing much more competitive,” he added.

The Consumer Affairs, Food and Public Distribution stressed on the importance of buying products which ultimately provide jobs, which will not strengthen countries which are inimical to India's interests, but will strengthen India's economy, will have more people become consumers and will help boost the virtuous cycle that of investments in India, money spent in India, leading to jobs in India, incomes for the people of India, who then become consumers.  (KNN Bureau)