Piyush Goyal complimented the Indian community for their phenomenal value creation in the US and for giving back to India by contributing and supporting through partnerships, newer technologies and newer ideas. He said this while addressing the Community reception in San Francisco
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal has said that Indian Diaspora in the US are the true ambassadors of the philosophy of ‘Vasudhaiva Kutumbakam’ (world is one family). He complimented the Indian community for their phenomenal value creation in the US and for giving back to India by contributing and supporting through partnerships, newer technologies and newer ideas. He said this while addressing the Community reception in San Francisco.
Speaking about the initiative, ‘India-US startup SETU’ (supporting entrepreneurs for transformation and upskilling), which was launched by the Minister in San Francisco, Goyal said it would act as a bridge between Indian and American companies and would support entrepreneurs in transforming, upskilling and leveraging on the success stories of the Indian Diaspora in US. Goyal observed that some good ideas of startups don’t take off for lack of mentorship, guidance, funds. Urging those present to participate in this initiative, Goyal said it was an opportunity for Indians in the US to give back to the country by providing support to bright minds in India.
Goyal said under the leadership of Prime Minister Narendra Modi, the country was making every effort to become Atmanirbhar. He said that the government was giving a thrust to exports, there was a focus on greater cohesive working within the Government, several initiatives had been taken to encourage investments into India and the government was encouraging newer modes of transport and ethanol blending in petrol. He also spoke about semiconductors policy, Production Linked Incentive Scheme for 13 sectors to promote large factories with global scale of operations.
The minister also said India was offering support to companies who wanted to invest in India. He highlighted that India offered a huge market potential which made it very attractive for investment, adding that there were benefits of economies of scale and availability of a large talent pool.
“India is changing for the better, it is much more confident today, much more self-reliant and continued to aspire for more.”
— Piyush Goyal
Observing that there was a lot of interest globally to work with India, Goyal said the country’s focus was on better trading arrangements with the developed world. The Free Trade Agreements rested on India’s national interest, he said and pointed out that active negotiations were going on with several countries on FTAs.
Urging the Indian Diaspora to use ODOP (One District One Product) products for gifting on festivals and other occasions, Goyal said this would provide livelihood to millions of weavers and artisans in India.
The minister said that India was changing for the better, it was much more confident today, much more self-reliant and continued to aspire for more. He sought the cooperation and participation of the Indian diaspora in India’s journey towards becoming a developed nation in the next 25 years.
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