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Dec 02, 2020

Piyush Goyal calls for cooperation from States to build a stronger nation & achieve transformational goals

A meeting of the Board of Trade (BOT) was held on Wednesday, under the chairmanship of the Commerce and Industry Minister Piyush Goyal, through Video Conference. The meeting focused on the new Foreign Trade Policy (FTP) (2021-26) and the strategies and measures to be taken in order to take forward domestic manufacturing and exports.
During the Board of Trade meeting, presentations were made about Overview of the Export/Import Performance, Investment Promotion Strategy for AatmaNirbhar Bharat (including Public Procurement – Make in India), Trade Remedies – Recent Measures and Steps taken, New Logistics Policy, Trade Facilitation Measures Undertaken by Customs, Reforms and Initiatives by DGFT since last BOT, GeM – Coverage and Expansion.
In his opening remarks, Mr Goyal said that Our mission is to build a stronger nation & achieve transformational goals, together with the states. He expressed confidence that with the collective efforts of all the States & Central Government, we will all work together for the better future of people of India. The minister said that different arms of the Government have been working to identify and support specific sectors where India has the advantages.  DPIIT has identified 24 industry sectors which can add 20 lakh crore rupees worth of annual production manufacturing in India.

Minister of State for Commerce and Industry Hardeep Singh Puri said that the pandemic also reinforced the risk in global supply chains if dependent on a single source. Shri Puri said that India provides a cost-effective alternative to the world.  The Minister said that attractiveness of India as an investment destination has been acknowledged by the global investors, as indicated by the increased inflow of funds. He said that more needs to be done by the Centre and states together, and the role of states is critical in this regard.

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