Quality Management and Handholding of Small Business, Sustainability, Inclusive Growth, Skill Development, Competitiveness and Efficiency to be enablers for Viksit Bharat 2047: Shri. Piyush Goyal

Union Minister for Commerce and Industry, Shri Piyush Goyal, inaugurated ‘Bharat Calling Conference 2025’ organized by IMC Chamber of Commerce and Industry in Mumbai today. The Union Minister was the keynote speaker in the conference on the theme ‘Path to Viksit Bharat 2047: Pioneering Prosperity for All’.  The conference highlights how India stands at the forefront of global economic growth, offering unparalleled opportunities for investment across diverse sectors. With a robust and resilient economy, a large and dynamic consumer market and a Government committed to fostering business-friendly policies, India is poised to become one of the world’s leading investment destinations.

Delivering the keynote address, Shri Piyush Goyal stated that there are huge opportunities unfurling in a country of 1.4 billion people, many of whom are aspirational young people. There is a deep commitment towards manufacturing, skill development, innovation, as advocated by the Prime Minister himself, which truly makes India as the world’s emerging investment destination. Various strategic initiatives of the Government of India, including Make in India, Digital India, Startup India, Swacch Bharat and Atmanirbhar Bharat, have collectively prepared the mindset of the nation to be resilient, self-sufficient and become a bigger player in the global trade, even as the the country’s economy is transformed in the Amrit Kaal of the coming two decades leading up to 2047. “We are collectively committed to bring about a prosperous and developed India”, he added.

Union Commerce and Industry Minister Shri Goyal further said that India cannot become a developed nation if it does not open up its businesses for international trade. In this context, he named five key enablers for bringing about Viksit Bharat@2047, namely Quality Management and Handholding of Small Business, Sustainability, Inclusive Growth, Skill Development and Competitiveness and Efficiency.

Shri Goyal stated that India is at the crux of a quality revolution. He said that quality has been the biggest casualty in our country in the past and urged that it is time for businesses to adopt modern quality standards and ensure that our ecosystem is trained towards good quality and follow good manufacturing practices. There are around 700 quality control orders in the country, he informed.  Advocating for quality control by business chambers like IMC would be a great service to the nation, he added.  Shri Goyal further said, adopting and handholding small businesses by the big players of a business for quality control and upgrading their manufacturing practices is also very important.

Speaking about sustainability, he said that it is another important aspect in trade and commerce. Indian ethos traditionally reflect consciousness for sustainability for thousands of years, he added. It is important to recognize sustainability as a challenge in present times, which along with energy efficiency should be a focus area for businesses. He further said development cannot happen if there is no inclusive growth in the country, for which targeted interventions like ease of living initiatives for various communities and infrastructure development across the country has been taken up by the government. The Union Commerce and Industry Minister urged that businesses will also have to cater to the agenda of inclusive development through better CSR initiatives.

Shri Goyal stated that skill-building initiatives for the people will add more jobs and make our economy stronger. In this context, he stated that two more skill development centres are coming up in North Mumbai, after the launch of the first state-of-the-art skill centre in Mumbai’s Kandivali area last year.  

Shri Goyal also urged that increasing efficiency and competitiveness is the need of the hour. Businesses should thrive on competitive strength and engage with the world with confidence, instead of depending on the Government for subsidies, support, incentives and so on, he added. He further said that competitiveness in an industry also depends on its capacity building for innovation, upgrading manufacturing practices, skillsets and efficiency.

Dignitaries present on the occasion included Ms. Rosslyn Bates, Minister for Finance, Trade, Employment and Training, Queensland, Australia and President, IMC Chamber of Commerce and Industry, Shri. Sanjaya Mariwala among others.

Quality Management as key enabler for investment and growth, urging industry to adopt modern standards and handhold small businesses. The statement prioritizes quality management and handholding of small businesses, urging adoption of modern quality standards, enforcement under existing quality control orders, and leadership by business chambers and larger firms to upgrade manufacturing practices; it further stresses sustainability and energy efficiency, inclusive growth supported by targeted interventions and CSR, expansion of skill development centers, and strengthening competitiveness through innovation and capacity building to reduce dependency on subsidies.