Innovation & Infrastucture will help India to become USD 5 trillion economy: Piyush Goyal

USD 700 Billion Investment in Railways in 12 Years: Piyush Goyal

Government is Facilitator & Enabler for Business & Indsutry: Piyush Goyal

Piyush Goyal Addresses Assocham in Its Centenary Year; Strengthening India’s Global Positioning

The Indian Railway splans to invest USD 700 billion through partnerships, joint ventures and collaborations to strengthen the infrastructure and reach the farthest corners of the country in the next 12 years said the Commerce and Industry& Railways Minister Piyush Goyal in New Delhi. He was addressing ASSOCHAM which is celebrating 100 years.He was addressing ASSOCHAM about Strengthening India’s Global Positioning in New Delhi.

In his address the Commerce and Industry Minister urged Indian Industry to be in constant dialogue with the Government so that all the problems and hurdles that industry and business face today may be dealt with so that the Government’s commitment for a better India, for the 1.3 billion aspirational citizens who are looking for a better quality of life, can be met at the earliest.

Government of India will be a facilitator and an enabler for industry and entrepreneurship to ensure that harassment at the hands of government functionaries both at the centre and the states comes to an end said the Minister. For this he urged ASSOCHAM with its 4 lakh plus members to give feedback that will help Government both at the Centre and the States to look at regulatory, non-regulatory, judicial and any other impediments that are roadblocks for industry and entrepreneurship.

Commerce and Industry Minister urged industry to adopt and encourage innovation by funding research and development and work closely with academia so that India may become a true innovation nation where startups can flourish and become positive disruptors in industry by creating more jobs for the youth of the country. He gave the example of the United States of America and China that have more than 4,200 and more than 1,200 researchers respectively and India has only 216 number of researchers per million people.

Commerce and Industry Minister congratulated ASSOCHAM in its centenary year and appreciated the commendable work it has done for a century for Indian industry and business.

Regulatory reform: government seeks industry feedback to remove impediments and foster innovation and investment growth. The Government will act as a facilitator and enabler for industry by soliciting continuous industry feedback to identify and remove regulatory, non regulatory and judicial impediments, addressing harassment by central and state functionaries, and prioritizing reform actions. Industry-government dialogue is urged to streamline compliance and approvals.