ENA Sectors 2023-07-18 14:58:19 <p><span style="font-size:14px"><strong>Bombay, July 18 (KNN)</strong> Union Minister of Commerce and Industry Piyush Goyal said that the goal of Aatmanirbhar Bharat is not about closing doors but opening India to the world for greater international trade and making it a part of global value chains.</span></p> <p><span style="font-size:14px">Addressing the 187th Annual General Meeting of Bombay Chamber of Commerce and Industry today, the minister appreciated the role of Indian industries and stakeholders in making India a major player in the world economy and a part of resilient supply chains amongst trusted partners.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">He said that Indias competitive and comparative advantages have to be leveraged for integration with the world economy and this is being focussed upon in the ongoing negotiations for Free Trade Agreements, reported SME street.</span></p> <p><span style="font-size:14px">The Minister noted the measures undertaken to attract investment and improve Ease of Doing Business like the Production Linked Incentive schemes, focus on R&amp;D and innovation, effort to decriminalize corporate offences, reduce compliances, focus on logistics, last-mile connectivity, etc.</span></p> <p><span style="font-size:14px">Goyal urged the industry to take advantage of the edge that India has in economies of scale, demographic dividend, government-industry partnership, focus on quality and efficiency, sustainability and innovation.</span></p> <p><span style="font-size:14px">He said that the Government is focussing on 4L- Land, labour, Liquidity &amp; Laws and Five pillars- Economy, Infrastructure, System, Vibrant Demography &amp; Demand for making India a developed country.</span></p> <p><span style="font-size:14px">Goyal added that the last two years have witnessed record exports but now the world is moving towards recession, developed economies are under stress, commodity prices are softening, discretionary spending is lukewarm and demand is reducing.</span></p> <p><span style="font-size:14px">The union minister said that it is incumbent upon all of us to work together and make India story a compelling story for the world. <em><strong>(KNN Bureau)</strong></em></span></p> 34123 https://knnindia.co.in/news/newsdetails/sectors/aatmanirbhar-bharat-aims-to-link-indian-industry-with-global-value-chains-union-minister-piyush-goyal 2023-07-18 14:58:19 knnindia.co.in