Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal today said that even the poorest citizen of the country deserves the highest quality products and a culture of no compromise on quality needs to be adopted in the country. . Shri Goyal said this while addressing a Special Plenary Session under the FICCI LEADS 2022 Program in New Delhi today.
Shri Piyush Goyal urged the industry to focus on 5 key areas in the manufacturing sector – standards or quality, durability, design, cost and sustainability and bring them in line with international standards. He said we need to embrace new technologies like IoT, AI and machine learning. We need to focus on upskilling and retraining our workforce to be able to meet the needs of Industry 4.0, he added.
Talking about the importance of world trade, Shri Goyal said that we need to recognize that we need to engage with the world in order to develop. We need to globalize trade and get the best from the world while giving the best to the world. He said that we need to focus on green energy, emission reduction, creating cleanliness awareness and other SDGs contributing to a better future for our children and use PLI to strengthen the MSME ecosystem.
Referring to the event’s theme ‘Excellence in Manufacturing’, Shri Goyal noted that excellence in manufacturing is not new to India. He said that while there is no sector in which India does not have high quality manufacturing, we as a society still live in two worlds one that is high quality and one that is still not sensitive to the value of high quality. Shri Goyal said that we have to change this mindset of two standards of quality for domestic and international markets and must not compromise on quality.
Shri Goyal said FICCI can play an important role in carrying the message of quality to the SME sector through partnership with other associations across the country. Shri Goyal emphasized the need to expand our engagement with international markets and noted that the world wants to do business with India.
He cited the example of Saudi Arabia, which he said is seeking Indian partnerships in nearly 30 sectors including pharmaceuticals, mining, infrastructure, Fintech, EdTech, HealthTech and education. Medical devices, electronic games and e-commerce are areas where they want Indian expertise. He urged the industry to seize these opportunities. Shri Goyal said that if we collectively focus our energies on the 5 pranas given to us by Prime Minister Narendra Modi, we can be a developed nation in the next 25 years and bring prosperity to every single home across the length and breadth of the country.
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