Even poorest consumers deserve best quality products says Goyal at FICCI LEADS 2022 Special Plenary Session
Goyal urges the Industry to focus on
Standards, Industry 4.0, Trade, SDGs and Utilise PLIs
FICCI can play an important role in taking the message of quality to the MSME
sector: Goyal
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal today said that even the poorest citizen of the country deserves the best quality products and the culture of no compromise with quality has to be adopted in the country. Goyal said this while addressing the Special Plenary Session at FICCI LEADS 2022 program in New Delhi today.
Piyush Goyal urged the Industry to focus on
5 Key areas in the Manufacturing sector - Standards or Quality, Durability,
Design, Price & Sustainability and align them to the international
standards. He said we must adopt new technologies like IoT, AI and Machine
Learning. We must look at upskilling and retraining our workforce to be
able to meet the needs of Industry 4.0, he added.
Speaking on the importance of world trade, Goyal
said that we must acknowledge that we need to engage with the world to develop.
We need to globalize trade and get the best from the world while simultaneously
giving the best to the World. He said that we must focus on Green Energy,
reducing emissions, generating consciousness about cleanliness and other SDG
Goals contributing towards a better future for our children and Utilise PLIs to
strengthen MSME ecosystem.
Referring to the theme of the event, ‘Excellence in Manufacturing’ Goyal observed
that Excellence in manufacturing is not new to India. He said that although
there is no sector in which India does not have high quality manufacturing, we
as a society still live in two worlds - one which is highly quality conscious
and another which is still not sensitized to the value of high quality. Goyal
said we need to change this mindset of two quality standards for domestic and
international markets and must not compromise with quality. Goyal said that
FICCI can play an important role in taking the message of quality to the MSME
sector through their partnership with other associations across the country.
Stressing on the need to expand our engagement with
international markets, Goyal noted that the world wants to engage with India.
He cited the example of Saudi Arabia which he said is looking for India’s
partnership in nearly 30 sectors including Pharma, Mining, Infrastructure
Fintech, EdTech, HealthTech & education. Medical devices, E-gaming and
e-Commerce are areas in which they want Indian expertise. He urged the Industry
to grab these opportunities.
Goyal said that if we
collectively focus our energies on the 5 Pran
(pledge) that Prime Minister Narendra Modi gave us, we can be a developed
nation in the next 25 years and bring prosperity to every single home through
the length and breadth of the country.