Tuesday, December 7, 2021

Union Minister Piyush Goyal lauds MNCs for contribution to Indian Economy

Commerce and Industry Minister Piyush Goyal has said that there is a huge potential for business in India and expressed hope that the country looks forward to a lot more activity in international business and engagement. The Minister appreciated the contribution of Multi-National Corporations to the Indian Economy and hoped that this will continue to grow and expand. He dwelt on significant engagement in the field of capital, technology, and vision.

Mr. Goyal said decisions like privatization of Air India, removal of retrospective tax, reforms in the mining and coal sector, renewable energy growth story encourage us to look for a brighter future.

Delivering the inaugural address at the National Conference on MNCs today, he said, new technologies and spirit of innovation adopted by MNCs will help in the future. He appealed to MNCs to use India as a manufacturing base. He said India is working towards integrating its standards to world standards. The Minister said the Government has taken several measures to bring reforms. He said, National Single Window System, PM Gati Shakti, PLI schemes for manufacturing signal less government, more governance approach. He further adds India has attracted record foreign direct investments in the last seven years.

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