22
Government Policies: Industry Minister Goyal said that the government is working on making such policies, which can provide competitive benefits to Indian industry and exporters.
Government Policies: The government will soon take several steps to promote exports. Union Commerce and Industry Minister Piyush Goyal said these things on Friday. He assured the exporters that the business world would be provided with all possible assistance in dealing with existing global uncertainties and high fees. Goyal said that the government is working on making such policies, so that Indian industry and exporters can get competitive benefits. He also added that exports have a major contributor to India’s economy and it is the government’s priority to strengthen it. The US has imposed a heavy duty of 50 percent on Indian goods entering America since August 27. This high fee is expected to affect the export of some labor-dominated areas like textile, leather, shoes and shrimp.
Business world confidence in all possible cooperation
Minister Goyal said at an industry program here that the government is committed to ensure that all of you do not face any stress or difficulties in dealing with the current situation arising out of some unilateral actions. He also urged the industry to highlight those areas that may be affected by these charges and which need alternative markets. In the Ministry of Commerce, we are reaching other parts of the world through our missions, so that we can seek other opportunities that we can get. We are also considering promoting domestic consumption. He said that you will soon see its effect in the GST Council meeting to be held next week.
Government will promote export
The minister said that the government is consulting all stakeholders including Indian missions abroad for diversification of exports. Piyush Goyal said that in the coming days, the government will take several steps to support every sector, so that domestic access can be expanded. For this, I can assure you all. Said that supplements can be searched in other markets around the world so that our global reach can be expanded. Said that this year our exports should be more than last year’s exports. The minister said that this year will define our confidence. In 2024-25, India’s goods and service exports touched an all-time high of US $ 825 billion. Apart from this, he said that India’s export share in the global market is low. The government will promote exports.
India ready for good trade agreement all the time
Goyal said that if a country wants to make a good business agreement with India, then we are always ready for it. Said that if someone tries to discriminate with us, I think there is confidence and self-esteem in India’s population of 140 crores, keeping this in mind, we will never bow down, nor will we be weak ever. He said that we will capture new markets. I can say with confidence that this year our exports will be more than last year. He said that India is an import-dependent economy. Minister Goyal said that the country has successfully managed crises like Kovid-19 epidemic and nuclear sanctions in the past.
