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Business News

Aug 09, 2020

India can become trusted partner in global supply chain: Piyush Goyal

Commerce and Industry Minister Piyush Goyal has said that India can become a trusted partner in the global supply chain. He said, the world is looking for trusted partners where there is rule of law, transparency in systems, strong judiciary and democratic traditions and India fulfils all these conditions.

Addressing India@75 Summit organised by CII, Mr Goyal said, India has to engage with the world with competitive prices, high quality products, large scale economies of manufacturing, high productivity levels, but not on the crutches of government subsidies.

Talking about the performance of the country's exports, Mr Goyal said, the current numbers of outbound shipments are showing signs of significant improvement. He said, exports last month reached about 91 per cent level as compared to July 2019.

The Minister also said that for the last 11 days, Indian railways have been running the freight trains at twice the speed of what they were running one year ago.

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