Global Economy

Piyush Goyal asks industry to accelerate production



Commerce and industry minister Piyush Goyal on Thursday asked the domestic industry to accelerate production activity and make India a global manufacturing hub.

He was addressing industry leaders at a chintan shivir (brainstorming session) where issues related to creating a manufacturing ecosystem, maintaining quality standards, promoting domestic value addition, government policies and support, and fostering industry agility were discussed.

“He (Goyal) asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing,” the commerce and industry ministry said in a statement.

Representatives from industry bodies CII, FICCI and Assocham, and the automobile sector, along with knowledge partners BCG and McKinsey, participated in the deliberations.

“The focus was to understand and deliberate on increasing manufacturing capacities across various sectors and enhance contribution to GDP by 2030,” the ministry said.

The discussions took place on 12 sectors, including textiles, capital goods and defence.



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