For strong, resilient and ‘’Aatma Nirabhar Bharat’’, trade bodies have an important role to play: Shri Piyush Goyal

Commerce and Industry Minister addresses 184th AGM of Bombay Chamber of Commerce Industry

Covid-19 has changed the world but Indian people, businesses and industries did not succumb to the crisis, and stood out with a unique trait of resilience and constantly evolving the new ways to deal with the situation and turning the crisis into opportunity, said Union Minister for Commerce and Industry & Railways, Piyush Goyal in New Delhi today.

Shri Goyal was delivering the keynote address at the 184th AGM of Bombay Chamber of Commerce & Industry via video conferencing with the office bearers and members of one of oldest chambers of the country.

Speaking on the occasion, Shri Goyal acknowledged the role of industries and trade bodies of India for coming forward to make India self- sufficient and ready to fight Covid situation in India by producing PPEs, providing infrastructure for ICU beds, isolation facilities and manufacturing masks and other PPEs  to the level that India is now capable to export PPEs.As the Unlock has started, Indian economy  is improving, as indicated by fright movement , increased electricity consumption. Manufacturing has started with reasonable level of operation. The exports are showing upward trend. He added that before Covid and After Covid worlds will be different and we are preparing moving for the better post-covid world .

As a country, Shri Goyal added that, India should focus on Investment, Infrastructure, and Innovation in the post-covid world, by increasing the production, improving quality of products, trying higher economies of scale, smooth logistics channels, competitive pricing and using innovative practices. The government and trade bodies must work together to boost the growth, to bringing more employment, jobs to youth and engaging with the world with strength and not closing the door for the world but being  self-sufficient “Aatma Nirbhar Bharat “ .

Our Indian industries specialised in the specific sectors like auto parts, leather, pharma, footwear, and marine products, have huge potential to promote Indian manufacturing. “I invite Bombay Chamber of Commerce & Industry to help and contribute in the efforts of the Government for improving and simplifying Ease of Doing Business indices and building  a robust mechanism for single window clearances and self-regulation structures for industries,”, said Shri Piyush Goyal.

Shri Goyal said that for strong and resilient India, trade bodies have an important role to play. He added that 184th AGM of Bombay Chamber of Commerce & Industry marks an important milestone as one of the oldest trade bodies in the country.While concluding, Shri Goyal expressed the faith that India can be the world dominant player, by using immense capabilities of its youth and appreciated resilience of 130 crore Indians in these testing times.

Self-reliance policy urges trade bodies to boost domestic manufacturing and streamline ease of doing business for post pandemic recovery. Policy calls for trade bodies to partner with government to boost domestic production, improve product quality, achieve higher economies of scale, ensure smooth logistics and competitive pricing, and continue manufacturing and export of critical supplies. It prescribes collaboration to simplify Ease of Doing Business metrics, build robust single window clearance systems and create industry self regulation structures to support post pandemic investment, infrastructure, innovation and job creation as means to realise Aatma Nirabhar Bharat.