4 dimensions to achieving Viksit Bharat include: Make India a domestic manufacturing hub; Make young generation a skilled workforce; Strengthen our investment-friendly ecosystem; Get cutting-edge technology into country
NEW DELHI, 18 November
Minister of Commerce & Industry, Piyush Goyal, today said that the performance of the government has transformed from Virasat to Vikas and then Vishwaas. “It is the politics of trust that is powering India towards becoming a developed nation,” he added.
Addressing the Curtain Raiser of FICCI’s 98th Annual General Meeting and Annual Convention on the theme ‘India: Self-Reliant Economic Powerhouse’, Mr Goyal further stated that the government brought two editions of Jan Vishwas Bill and we have already readied the third version of the Jan Vishwas Bill to decriminalize most of the provisions of law to make life easier for businesses and for the common man.
Defining India’s journey towards achieving Viksit Bharat, Mr Goyal said that we all have to focus on 4 key dimensions which include – Making India a domestic industrial manufacturing hub by becoming self-reliant and focusing on quality products; Focus on converting the young kids into skilled workforce along with creating an investment friendly ecosystem and last, adopting latest cutting-edge technology.
Applauding FICCI on its 98 years of policy advocacy, Mr Goyal said that ever since the inception of FICCI, self-reliance has been a very important element of whatever FICCI advocates and stands for. The Minister also mentioned that when FICCI celebrates 100 years in 2027, we should aspire to be 3rd largest economy. “In the last 98 years, we have seen FICCI growing from its original founding principle of economic nationalism to making FICCI a very important partner in nation building,” he emphasized.
The Minister also urged the industry to adopt a more ambitious and proactive approach to help drive India’s growth. “Set bold targets. We can’t be satisfied with incremental growth, and we need to venture out of the ordinary. We need domestic capital in Startups and R&D,” he emphasized.
Highlighting 5 key expectations from the industry, Mr Goyal appealed to industry bodies like FICCI to closely audit the results of their advocacy efforts. He also emphasized the need for setting bolder goal targets followed by learning from other countries particularly like Korea and Sweden, which have strong models for industrial growth and business facilitation. He also stressed on mentoring the next generation and lastly, urged FICCI to expand its presence beyond major cities and reach India’s remote regions.
“Industry bodies should not remain confined to elite business circles but must widen their engagement to support growth across the country,” he added and urged FICCI to become what he described as an ‘uncomfortable leader’ that challenges itself and helps push India toward excellence.
Mr Harsha Vardhan Agarwal, president, FICCI said that India continues to grow at above 7 per cent, the fastest among major economies, contributing nearly one-sixth of global growth. But what makes this phase transformative is that India’s progress is increasingly driven by domestic capability creation, built on policy stability and confidence. “As FICCI enters its 98th year, we reaffirm our commitment to partner with the Government in accelerating domestic capabilities, building global competitiveness, and strengthening India’s position as a trusted and resilient economic powerhouse,” he added.
Mr Anant Goenka, President – Elect, FICCI said, “FICCI stands committed to playing its part with the government to advance the Atmanirbharta and Make in India agenda by scaling manufacturing, investing in R&D, creating high-quality jobs for the youth, and promoting exports.”
