2022-09-28

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Focus On Standards, Industry 4.0, Trade, SDGs, Utilise PLIs: Goyal – BW Businessworld

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Goyal said that the Federation of Indian Chambers of Commerce and Industry (FICCI) can play an important role in taking the message of quality to the micro, small and medium enterprises (MSME) sector
Photo Credit : PIB
Piyush Goyal

Even the poorest of the consumers in our country deserve the best quality products, said union minister of commerce and industry Goyal Goyal while addressing the special plenary session at FICCI LEADS 2022. 
Goyal urged the industry to focus on 5 key areas in the manufacturing sector — standards for quality, durability, design, price and sustainability and align them to international standards.  
“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 globalise trade and get the best from the world while simultaneously giving the best to the world,” the minister said. 
He said that we must focus on green energy, reducing emissions and other SDG goals contributing toward a better future for our children and utilising PLIs to strengthen the MSME ecosystem.  
Goyal said we need to change this mindset of two quality standards for domestic and international markets and must not compromise with quality. 
While stressing the need to expand our engagement with international markets, Goyal noted that the world wants to engage with India. 
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