Startups are going to be the backbone of new India: Piyush Goyal – Business News

Startups are going to be the backbone of new India: Piyush Goyal – Business News

Startups are the backbone of a new India and the ecosystem of startups in the country is promoting and encouraging new young entrepreneurs, doing business with new ideas and ways of doing business, Union Minister of Commerce and Industry Piyush Goyal Said Saturday.

Speaking at FICCI’s annual conference and 93rd annual general meeting, Goyal urged Indian industry to support startups by providing them financial support, handholding, opportunities and mentorship so that they can do little to weaken their stakes to foreign companies. Can grow without resorting to evaluation. In the initial phase itself.

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On India’s goal of becoming self-reliant, the Commerce Minister said, “The scale of manufacturing, combined with quality and productivity, can truly make India competitive in many areas and help an Atmanbir move towards India as a Is going to be an important building block. Of new india

Goyal said the government will identify areas where India has competitive and comparative advantages, which sectors can become global players and contribute to global trade in a big way. “The tire and rubber industry ecosystem can become a great business leader in the coming years. We will encourage rubber plantation through the support of private investment and the government will give adequate support to the tire industry so that it can develop and thrive.

The Union Minister said that the government has also identified 24 other sectors, which are being worked on by industry leaders, with an agenda agenda to add around Rs 200 lakh crore of manufacturing in India in the next 10 years Working together. . “It will definitely add millions of employment opportunities and create scale and quality in various sectors,” he said.

Talking about reforms in the agricultural sector, against which thousands of farmers have been protesting for more than two weeks now, Goyal said that the central leadership is committed to the welfare of farmers and new legislation, during the monsoon session of Parliament Created, without changing the previous system. Will open new opportunities for farmers to trade, trade and trade. “This will bring more investment in rural India and increase the income of farmers,” he said.

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