Piyush Goyal, CFO News, ETCFO


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India’s 65 million MSMEs are rushing to embrace digitization to turn India into a trillion dollar digital economy, Union Trade Minister Piyush Goyal said on Monday.

According to a press release from the Ministry of Trade and Industry, the Union minister called for partnerships between countries to achieve sustainable growth.

Addressing the inaugural session of the 2021 CII Partnership Summit on “Partnership for Building a New World: Growth, Competitiveness, Sustainability, Technology” via video conference, Goyal said India, as it assume the presidency of the G20, leverage global partnerships for collective solutions to global problems.

“India has become the“ trusted partner of the world. ”Even at the height of the Covid, even under lockdown, India has met all of its international service commitments despite blockages and service supply chains fail haven’t suffered for a second, ”Goyal said.

The Union Minister assured that India will provide Covid vaccines to the whole world to fight against this “unique pandemic per century” and plans to manufacture 5 billion doses next year.

“In addition to protecting its own people, India has also provided medical supplies and equipment to over 150 countries around the world,” he said.

“This is in accordance with the ancient Indian wisdom of ‘Vasudhaiva Kutumbakam’ (The world is family). No one will be safe until everyone is safe; no one will be happy until everyone is safe. will not be happy, ”Goyal said.

The minister said the pandemic has put India in the spotlight, to introspect its potential as a world leader, especially as the country celebrates 75 years of independence Azadi ka Amrit Mahotsav. “India’s cumulative COVID-19 vaccine coverage exceeds 1.33 billion doses,” he said.

Goyal said that all ministers are working for the welfare of the poor with the government philosophy of “Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas”.

“We have been running the world’s largest food distribution program serving more than 800 million beneficiaries for 19 months, in addition to the world’s largest health insurance program for the poorest of the poor.” , he added.

Calling for a fair and equitable world trade order, Goyal said, along with “Panchamrit”, Prime Minister Narendra Modi set very ambitious targets for India at COP26.

“India will reach its non-fossil energy capacity to 500 GW by 2030 and meet 50% of its energy needs from renewables. We hope to reach net zero (carbon footprint) by 2070 as soon as possible. deadlines, “he said.

Under PM Modi, India is on a path of reform which has transformed its landscape with several programs like PLI, PM Mitra, corporate tax reduction, ease of doing business and one-stop shopping, Goyal said.

Today, Indian companies are moving towards adopting technologies such as 5G, AI, IoT (Internet of Things), etc. to achieve excellence in manufacturing, he added. (ANI)

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