top of page
  • Max

Piyush Goyal calls upon American businesses to look at India as their next investment destination

India today is moving out of the past into a mindset of high-quality products, greater global engagement, and greater share of world trade: Shri Goyal


Oct 8, Delhi: The Union Commerce & Industry and Railways Minister Shri Piyush Goyal has invited American businesses to be a part of Prime Minister’s vision, and look at India as their next investment destination. Addressing the India Chamber of Commerce USA's Summit on Global Financial & Investment Leadership on Wednesday virtually, he said that the Indian Government is committed to being bold, open, and change. “Let's work together in the spirit of oneness. Let's engage with each other & I am sure we have a bright future for the shared prosperity of the people of the US & India.”


Stating that the US-India relationship will grow from strength to strength in the years to come, Shri Goyal said that we are at the cusp of a very enduring relationship. He said that the US & India have a long journey ahead of us working together leveraging on huge reform measures that Prime Minister Shri Narendra Modi has taken under Aatmanirbhar Bharat. He said that the potential between the US & India is boundless. “We are partners who trust each other & we can make rapid strides to provide a trusted source to American businesses to work with a country which is transparent where there is rule-based trading & dialogue. The bilateral trade between the US & India grew from $126 billion dollars in 2017 to $145 dollars in 2019. The target we have set of $500 billion dollars in the next 5 years is eminently doable.”


The Minister said that India today is moving out of the past into a mindset of high-quality products, greater global engagement, and greater share of world trade. He said that this isn't time for a conservative approach, it's time for bold decisions & bold investments. Shri Goyal said that the Modi Government has a very holistic approach. “We are moving from red-tape to red-carpet. We are moving out of the shackles of the past into a more open & liberal foreign investment destination. As the Prime Minister has said, "We have to take the Indian economy out of command & control & take it towards plug & play."


Describing the reforms being undertaken in the country, Shri Goyal said “India is undertaking efforts to reform the Indian systems of Governance, policies & laws around mining, space technology, defence, banking, financial sectors, labour & agriculture reforms. We have embarked on a new journey which will take India to levels never seen before. We are looking at logistics reform to bring down the cost of logistics. We are doing several tax reforms. We have insolvency laws in place. India's corporate tax is amongst the lowest in the world. My own Ministry is working at 'plug & play' & cluster development. We are looking at a genuine single-window system which makes it easy for companies & businesses to work in India. We are focusing on improved infrastructure. We promise faster registration, easier availability of infrastructure.”


Shri Goyal, mentioning about the close relationship between the two countries, said that India & the US have come to each other's help at every possible juncture in the last two decades, be it India's membership into Nuclear Suppliers Groups or in the UN Security Council or be it America's requirement for necessary medicines at the peak of COVID pandemic. He said that a great reflection of India-US relation is the bilateral discussion that US Secretary of state Mr M.Pompeo & Indian Foreign Minister Dr S Jaishankar had in Tokyo on the sidelines of the QUAD & the fact that 3rd India-US 2+2 dialogue is expected to take place later this month on 26th & 27th October.

0 views0 comments

Kommentare


Planner 5D- Interior design app

Planner 5D- Interior design app

Flipkart Online Shopping App

Flipkart Online Shopping App

World population to reach 8 billion this year, as the growth rate slows

July 12, 2022 at 6:57:56 AM

15 November 2022 is predicted to be the day that the global population reaches eight billion. The projection is revealed in the UN’s World Population Prospects 2022 report, which also shows that India is on course to surpass China as the world’s most populous country in 2023.

World population to reach 8 billion this year, as the growth rate slows

WHO: Nearly one billion people have a mental disorder

June 22, 2022 at 7:20:50 AM

Nearly one billion people worldwide suffer from some form of mental disorder, according to the latest UN data – a staggering figure that is even more worrying if you consider that it includes around one in seven teenagers.

WHO: Nearly one billion people have a mental disorder

What can the UN do? Check the top 5 questions answered

April 6, 2022 at 10:51:48 AM

The current war in Ukraine, following the Russian invasion, has sparked all sorts of questions about the United Nations, particularly the role of the Security Council, the General Assembly and the Secretary-General.

What can the UN do? Check the top 5 questions answered

Ukraine: UN’s Guterres joins call for Bucha war crimes probe

April 6, 2022 at 8:22:29 AM

UN chief António Guterres on Tuesday added his voice to the growing international calls for a war crimes investigation into the killing of civilians in the Ukrainian town of Bucha.

Ukraine: UN’s Guterres joins call for Bucha war crimes probe

Recent terrorist attacks in Israel undermine ‘prospects for peace’: Guterres

March 31, 2022 at 8:29:57 AM

Secretary-General António Guterres on Tuesday night condemned recent terrorist attacks in Israel that have claimed the lives of at least 11 Israeli citizens.

Recent terrorist attacks in Israel undermine ‘prospects for peace’: Guterres

China's BYD ceases to produce gasoline-powered vehicles

4/4/22, 7:00 AM

Chinese auto manufacturer BYD announced Sunday that it has already ceased the production of traditional gasoline-powered vehicles starting from March.

China's BYD ceases to produce gasoline-powered vehicles

Performance-oriented all-new ŠKODA SLAVIA 1.5 TSI Launched creates a segment of its own

3/27/22, 10:42 AM

All new ŠKODA SLAVIA 1.5 TSI starts at ₹ 16.19 lacs

Performance-oriented all-new ŠKODA SLAVIA 1.5 TSI Launched creates a segment of its own

CARS24 Raises $450 Million, Nearly Doubles Its Valuation To $1.84 Billion

9/25/21, 6:16 AM

CARS24, India’s leading e-commerce platform for pre-owned vehicles, announced today the closing of a $450M round of funding including a $340M Series F equity round alongside $110M debt from diversified financial institutions.

CARS24 Raises $450 Million, Nearly Doubles Its Valuation To $1.84 Billion

Tata Motors launches the ‘XPRES’ brand for fleet customers

7/18/21, 6:13 PM

Tata Motors, one of India’s leading automobile manufacturers, today announced the launch of a new brand ‘XPRES,’ exclusively for fleet customers.

Tata Motors launches the ‘XPRES’ brand for fleet customers

Audi India announces curated ownership plans for Audi e-tron and Audi e-tron Sportback customers

7/18/21, 5:56 PM

Special Service Plans, Extended Warranty and Buyback for a hassle-free ownership experience

Audi India announces curated ownership plans for Audi e-tron and Audi e-tron Sportback customers

TikTok hits 1 billion global active users

9/28/21, 8:56 AM

TikTok mission is to inspire creativity and bring joy.

TikTok hits 1 billion global active users

FACT CHECK: Crypto is increasingly being used for criminal activity and is a haven for illicit finance

6/23/21, 6:11 AM

Because cryptocurrency is still new, we are often asked about the biggest myths surrounding it. It’s common for a new market or product to confuse people until they get familiar with it. Think about Airbnb: the idea of staying in a stranger’s home seemed crazy until it didn’t.

FACT CHECK: Crypto is increasingly being used for criminal activity and is a haven for illicit finance

PUBG: NEW STATE surpasses 17 Million Google play store PRE-REGISTRATIONS following its recent ALPHA TEST

6/19/21, 4:40 AM

KRAFTON, Inc. to open pre-registration for the game on Apple’s App Store in Q3 2021

PUBG: NEW STATE surpasses 17 Million Google play store PRE-REGISTRATIONS following its recent ALPHA TEST
bottom of page