{"id":23071,"date":"2021-11-16T19:21:25","date_gmt":"2021-11-16T13:51:25","guid":{"rendered":"https:\/\/udaen.info\/?p=23071"},"modified":"2021-11-16T19:21:29","modified_gmt":"2021-11-16T13:51:29","slug":"why-india-to-why-not-india-and-today-we-must-be-in-india-global-sentiment-has-changed","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=23071","title":{"rendered":"\u201c\u2018Why India?\u2019 to \u2018Why Not India!\u2019, and today \u2018We must be in India!\u2019, – Global sentiment has changed\u201d"},"content":{"rendered":"\n

Ministry of Commerce & Industry<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Shri Piyush Goyal says India will be the next investment global hotspot

Under Prime Minister Modi, India attracted a record FDI during last seven years, each year breaking the previous record for 7 years in a row \u2013 Shri Piyush Goyal

\u201c\u2018Why India?\u2019 to \u2018Why Not India!\u2019, and today \u2018We must be in India!\u2019, – Global sentiment has changed\u201d

\u201cMore success stories here than anywhere in the world today; come, be a part of the unfolding India story\u201d \u2013 Minister\u2019s message to the CII National Conference on MNCs<\/h2>\n\n\n\n

<\/p>\n\n\n\n

The Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal has said, as per a recent CII-Ernst & Young report, India will be the next investment global hotspot.<\/p>\n\n\n\n

\u201cWe have the potential to attract an annual FDI in the range of $120- $160 billion by 2025. Last seven years we\u2019ve seen a record FDI, each year breaking the previous record for 7 years in a row. And I do hope to see that continue looking at the major structural reforms, the fact that we have a proactive leader in Prime Minister Modi, willing to listen and willing to change with the changing times,\u201d he said, addressing the 2nd edition of the CII National Conference on MNCs, 2021, through video conference today.<\/p>\n\n\n\n

Shri Goyal said global sentiments have changed from \u2018Why India?\u2019 to \u2018Why Not India!\u2019, and today \u2018We must be in India!\u2019 \u201cThere are more success stories here than anywhere in the world today, 71 unicorns. Naukri Jobspeak Index for Oct’ 2021 reports a 43% growth in employment over the same month last year. Our Manufacturing PMI (is high) and Service PMI reached a decade high,\u201d he said.<\/p>\n\n\n\n

Shri Goyal said Government has introduced several key policy and business reforms for improving the investment climate. \u201cThe closest and most recent decision like the privatization of Air India which was successfully bid by the Tata group, the removal of that very, very unfortunate Retrospective Tax which has, I believe, cost us dear in terms of investment climate for many years, the kind of reforms in Mining, in the Coal sector, ones that we are hoping to do in Power, the huge Renewable Energy growth story in India, all of these things, I think, encourage us to look for a brighter future,\u201d he said.<\/p>\n\n\n\n

Shri Goyal said the National Single Window System (NSWS) has been launched to serve as a one-stop-shop for approvals and clearance needed by investors. \u201cThe portal hosts approvals across 18 Central departments and 9 States. Another 14 Central departments and 5 States will be added by December.\u201d<\/p>\n\n\n\n

Shri Goyal said India has all the right ingredients for the Multi-National Corporations (MNCs) and can help MNCs become more competitive at global level. \u201cDiverse business landscape, rule of law & transparent systems, skilled workforce & low labour cost, no forced technology transfers.\u201d<\/p>\n\n\n\n

Encouraging the Indian MNCs to take \u2018Brand India\u2019 to the world and be ambassadors of India\u2019s culture, quality and values, Shri Goyal said MNCs have been an integral part of India\u2019s growth story and their contribution is immense.<\/p>\n\n\n\n

\u201cWhether it\u2019s in terms of building highly skilled managerial talent, whether it\u2019s building good business practices or good manufacturing practices in India, whether it\u2019s the good Corporate Social Responsibility and such social initiatives that are taken up by many of our MNCs. Whether it\u2019s skill development, I think, a huge contribution by the MNCs when it comes to skill development in India, and all of these have had a multiplier effect on the economy,\u201d he said.<\/p>\n\n\n\n

Shri Goyal stressed on promoting partnership between the Government and Industry. \u201cThis partnership is important more because in today\u2019s time because it gives us ideas, it gives us thoughts, it gives us an opportunity to understand where you come from, what needs to be done and, I think, this partnership needs to be strengthened further as we go along.\u201d<\/p>\n\n\n\n

Quoting Prime Minister Modi, \u201cGood and smart governance is needed to bring reforms. The world is a witness to how India is writing a new chapter of governance\u201d, Shri Goyal invited entrepreneurs to be a part of the unfolding India story.<\/p>\n\n\n\n

***<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ministry of Commerce & Industry Shri Piyush Goyal says India will be the next investment global hotspot Under Prime Minister Modi, India attracted a record FDI during last seven years, each year breaking the previous record for 7 years in a row \u2013 Shri Piyush Goyal \u201c\u2018Why India?\u2019 to \u2018Why Not India!\u2019, and today \u2018We […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[92,21,46],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/23071"}],"collection":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23071"}],"version-history":[{"count":1,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/23071\/revisions"}],"predecessor-version":[{"id":23072,"href":"https:\/\/udaen.info\/index.php?rest_route=\/wp\/v2\/posts\/23071\/revisions\/23072"}],"wp:attachment":[{"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udaen.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}