Summary:

The Union Minister, Piyush Goyal, urged industries to raise quality standards, participate in technical committees, and appoint representatives to oversee them. Speaking at Ficci's 97th Annual General Meeting, he emphasized India’s role as a reliable partner and supplier of high-quality goods for "Viksit Bharat." He encouraged collaboration with the government to ease compliance and decriminalize regulations while highlighting the US$ 11.85 billion ANRF fund to support innovation and research-driven ecosystems.

Mr. Amardeep Singh Bhatia, Secretary of DPIIT, outlined the government's plan to establish industrial parks in Tier-II and Tier-III cities, with a framework expected by the year’s end. He discussed the success of the US$ 23.34 billion Production-Linked Incentive (PLI) program, which has attracted US$ 17.30 billion in investments across 14 sectors, driving technology and exports. Bhatia also emphasized India’s flexible foreign direct investment policies, fostering collaboration, and supporting the Startup India initiative, which has registered 1.53 lakh entrepreneurs.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.