Minister of Railways
and Commerce & industry Piyush Goyal
has called for aiming for the target of $500 billion of service exports.
inaugural session of CII’s India-UK Annual Conference virtually 15 Sep 2020 ,
Minister of Railways and Commerce & industry Piyush Goyal
said. “We are all confident that under Prime Minister Shri
NarendraModi's leadership, India will get back to our 5 trillion economy
target, and it is time we leverage on this.”
The Minister said that in the week from 8th to
14th September, the value of exports is $6.88 billion, up by 10.73% over the
same period of the previous year. “This is indicative that India is in a move
to get back, our resilience is showing, our confidence is emerging, our can-do
spirit is reflected in all these numbers”, he added.
Engagement on FTA is the need of the hour
said “We should start an engagement on FTA. It is the need of the hour. We
should look at the preferential trade agreement so that we can demonstrate to
the whole world sincerity and seriousness of UK-India engagement. In bilateral
agreements between 2 nations, we give some and get some. We are able to benefit
businesses & create jobs on both sides of the table” He said that we must
look at taking it forward expeditiously.
The Minister said
that there are many industries which have huge potential to work with
businesses in the UK, where the UK is a net importer in a big way. He said “We
have had a very good dialogue in terms of considering how we can prepare before
January to see if engagement with UK can be taken to the next level.” He said
that the UK certainly can benefit significantly from India's healthcare
offerings. India offers a huge potential to give quality medical support at
affordable prices & at a speed which they will not get in UK, he added.
The trusted partnership India offers to the world
Goyal said that
India ensured all its international commitments were met during the pandemic.
He said “This is the trusted partnership India offers to the world which has
been recognized. All through the pandemic, our services exports were at 90% of
last year's level of the corresponding period. This has added to the
credibility of India as a trusted partner world over. Under the leadership of
Shri NarendraModi, we have been able to
earn the Goodwill, Friendship, Trust of
world leaders & countries”.
Railways freight loading has increased by 4% in August 2020
happiness over the rapid financial recovery in India, Shri Goyal said that
Railways freight loading has increased by 4% in August 2020, as compared to
corresponding period last year. In first 13 days of September, Railways has
carried 12% more freight compared to same period last year.