July 08, 2025 01:14 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi meets Uruguay President on sidelines of 17th BRICS Summit in Rio de Janeiro | PM Modi meets Bolivian President on the sidelines of BRICS in Rio de Janeiro | Supreme Court refuses interim stay on Election Commission's voter list revision drive in Bihar, hearing on Thursday | Khalistani terrorist Harpreet Singh alias Happy Passia, responsible for terror attacks in Punjab, brought to India from US: Report | Calcutta HC dismisses medical council's order suspending TMC leader Dr. Santanu Sen | I do not have any cabinet: Kangana Ranaut on Mandi disaster relief; Congress slams BJP MP for 'insensitivity' | 'Fadnavis did what Balasaheb Thackeray could not...': Raj Thackeray jibes at Maharashtra CM after MNS chief reunites with Uddhav | Modi will bow to Trump's deadline: Rahul Gandhi attacks PM over India-US trade deal | Marathi should be respected but thuggery in the name of language won't be tolerated: Devendra Fadnavis reacts to slapgate | Pune rape: Accused was not delivery boy but complainant's friend, she was angry at him for forced sex, say police
Piyush Goyal
Photo Courtesy: PIB

Indian government setting up 12 new industrial parks: Piyush Goyal

| @indiablooms | Aug 02, 2024, at 04:39 am

Union Minister Piyush Goyal recently said the Indian government is setting up 12 new industrial parks across the country and has 5-6 mega textile parks lined up and urged the private sector to take advantage of it.

He was speaking during a session at the ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference’ organized by the Confederation of Indian Industry (CII) on 30 July in New Delhi.

He asked industry leaders to help the government identify policies and compliance issues faced by businesses and offered to reduce the burden of compliance and decriminalize business-facing laws.

Noting the Government’s achievements in the last 10 years, Goyal said that businesses and people recognize the transformation in the Indian economy.

"The GDP has doubled, Foreign Exchange Reserves more than doubled and the current account deficit has come down significantly, reflecting how a good government can make a massive difference," he said.

The Minister said that countries around the globe want to have FTAs with India and expand relations.

Goyal noted that by 2047, India will be a USD 35 trillion economy, owing to the young, aspirational population of the country.

Goyal said that the nation is aspiring for a much bigger and better future.

He said that the Government’s work is centered around various principles including minimum government – maximum governance, skill development, speed & scalability, transparency and digitization.

"We are focused on innovative financing models, he said adding that the Government also focuses on monitoring & prioritizing issues and ensuring time-bound execution of projects within cost. This is an outcome-oriented nation, ready to take on the challenges of the future," he said.

Addressing the gathering, Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development & Entrepreneurship and Minister of State for Education, Government of India said that the Union Budget is very forward-looking and not just a statement of accounts, with the FM emphasising entrepreneurship, youth, education and skilling.

"We need to facilitate and build an ecosystem that makes skills aspirational for our youth," he noted.

Chaudhary went on to state that creating a vibrant middle class and an economy that truly values innovation is when the real social churn will become visible.

“The Government is going to work towards these aspects.  South Korea took 15 years to transition towards a knowledge economy. Given India’s legacy system and pace of change, our country could take a little longer. There is a lot to do on India’s knowledge index; however, we are progressing with key drivers,” he added.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm