Shri Piyush Goyal, Union Minister for Commerce & Industry and Railways, 30 May 2020, through Video Conference, participated in the Digital Summit on Exports organized by the Confederation of Indian Industry (CII). EXIM Bank of India was the Institutional Partner for the Summit.

Addressing the Summit, Shri Goyalsaid that the future of growth lay with industry and the private sector, with the government having a lesser role to play. The minister identified three important ways to increase India’s exports: reviving manufacturing, diversifying the exports basket, and finding newer and more accepting markets. He emphasised that the diversification of exports, in addition to consolidating current areas of strength, is necessary for our economy to grow. He stated that India has a huge opportunity to promote indigenous production in auto component sector, furniture, air conditioners, and others.

AatmaNirbhar Bharat, he said, is not just about greater self-reliance, but also engaging with the world from a position of strength.

Shri Goyal congratulated CII on completing 125 years and the launch of the Taskforce on Enhancing Exports through integration into the Global Value Chains (GVCs). He committed to working closely with the Taskforce and take action where necessary for the benefit of industry, and the country.