India is looking for FTAs ​​with like-minded countries: Minister Goyal

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India’s Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, Textiles Piyush Goyal has called on fellow ministers from neighboring countries to work together to transform the subcontinent. He said India is looking for FTAs ​​with like-minded countries whose main pillars are transparency, mutual benefit and growth.

The Minister will strengthen India’s economic relations with the Southern African Customs Union, which consists of Botswana, Namibia, South Africa, Swaziland and Lesotho, while effectively working on the “CII: Partnership Summit-Ministerial Conference” from New Delhi. I asked.

India is also reviewing and strengthening existing FTAs ​​with ASEAN, Japan and South Korea, and strengthening trade alliances with countries such as the UAE, EU, UK, Israel, Australia, Canada, Russia, Oman and GCC. Added.

India’s Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, Textiles Piyush Goyal has called on fellow ministers from neighboring countries to work together to transform the subcontinent. He said India is looking for FTAs ​​with like-minded countries whose main pillars are transparency, mutual benefit and growth.

The minister noted that India’s voice appeared in this year’s G20 Declaration, which successfully amplified the voices of developing countries around the world, and said the world acknowledged India’s leadership.

Goyal added that India’s economy has recovered sharply, adding that rising economic indicators indicate that “India is being shaped for a decade of growth.” In India, GDP growth reached 8.4% in the second quarter, with high exports, high FDI and heavy investment by Indian companies in other countries. He urged ministers to encourage Indian companies to invest in their economies and help create jobs.

The Minister outlined six areas in which India is focusing on building a sustainable, inclusive and resilient ecosystem for future partnerships: trade agreements, investment and supply chain substitutions. India’s strengths as, business ease, innovation and sustainability.

Goyal emphasized India’s initiative in promoting investment and said the government is calling on companies in other countries to seize investment opportunities.

India’s diverse business environment, skilled workforce, relatively low labor costs, and infrastructure-backing initiatives such as the National Infrastructure Pipeline, GatiShakti, and National Profit Plan will certainly invigorate investment and generate good returns. Goyal said it would produce.

Emphasizing India’s initiative for sustainable development, Goyal said India will reach 500 GW of non-fossil energy capacity by 2030, making it one of the world’s most ambitious renewable energy programs. He said he would meet 50% of the energy requirements from energy. .. It should be noted that India is committed to achieving net zero emissions by 2070.

He called on ministers from various countries to put up the agenda to strengthen partnerships between India and the world and to re-stabilize and revitalize the world’s economy after COVID-19.

Fiber2Fashion News Desk (KD)

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India is looking for FTAs ​​with like-minded countries: Minister Goyal

Source link India is looking for FTAs ​​with like-minded countries: Minister Goyal

The post India is looking for FTAs ​​with like-minded countries: Minister Goyal appeared first on Eminetra.

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