Tuesday, Apr 16 2024 | Time 21:23 Hrs(IST)
image
Business EconomyPosted at: Sep 15 2020 9:55PM


Double digit growth in exports last week shows country is showing rapid recovery: Goyal

New Delhi, Sep 15 (UNI) Commerce and industry Minister Piyush Goyal on Tuesday called for aiming for the target of USD 500 billion of service exports and said double digit growth in exports last week shows that country is showing rapid recovery.
Addressing the inaugural session of CII’s India-UK Annual Conference virtually today, he said that this is imminently doable.
“We are all confident that under Prime Minister Narendra Modi's leadership, India will get back to our 5 trillion economy target, and it is time we leverage on this.”
The Minister said that in the week from September 8 to 14, the value of exports is USD 6.88 billion, up by 10.73 per cent over the same period of the previous year.''This is indicative that India is in a move to get back, our resilience is showing, our confidence is emerging, our can-do spirit is reflected in all these numbers,'' he added.
Mr Goyal expressed the belief that the time is opportune and ripe to have an early harvest between India and the United Kingdom.
He said “We should start an engagement on FTA. It is the need of the hour. We should look at the preferential trade agreement so that we can demonstrate to the whole world sincerity and seriousness of UK-India engagement.In bilateral agreements between two nations, we give some and get some. We are able to benefit businesses & create jobs on both sides of the table”.
He said , ''We must look at taking it forward expeditiously.''
Talking about the initiative between Japan, Australia and India towards Resilient Supply Chains, he said that it holds good potential for us to take forward with other countries like the UK, Europe, the US and certain Latin American & African countries.
The Minister said that there are many industries which have huge potential to work with businesses in the UK, where the UK is a net importer in a big way, where India has competitive & comparative advantage to be able to serve the UK's requirements.
More UNI RSA JAL 2154
Please log in to get detailed story.
Tags: #Double digit growth in exports last week shows country is showing rapid recovery: Goyal
More News

The Sleep opens 8th store in Hyderabad; 75th outlet in India

16 Apr 2024 | 8:50 PM

Hyderabad, Apr 16 (UNI) The Sleep Company, India’s leading comfort-tech brand, on Tuesday announced the opening of its eighth outlet in Hyderabad and 75th store in India.

see more..

CBDT signs 125 APAs in FY24, gives push to ease of doing biz

16 Apr 2024 | 7:58 PM

New Delhi, April 16 (UNI) In a bid to provide investor-friendly tax regime and promote ease of doing business, the Central Board of Direct Taxes (CBDT) signed 125 Advance Pricing Agreements (APAs) with Indian taxpayers in the financial year 2023-24.

see more..

Heritage Foods partner with SIG to package its beverages in aseptic carton packs

16 Apr 2024 | 6:19 PM

Hyderabd Apr 16 (UNI) Heritage Foods Limited, India's second largest private dairy, on Tuesday said it has partnered with SIG to package its beverages in aseptic carton packs.

see more..

Airtel celebrates 5 9 mn 5G customers in TN

16 Apr 2024 | 6:11 PM

Chennai, Apr 16 (UNI) Bharti Airtel (Airtel), one of India’s leading telecommunications service providers, on Tuesday announced that it has 5.9 million customers enjoying 5G service in the state of Tamil Nadu.

see more..

SIDBI inks MoU with Jeevika Bihar & UMED Maharashtra

16 Apr 2024 | 5:28 PM

New Delhi, Apr 16 (UNI) The Small Industries Development Bank of India (SIDBI) in association with Women’s World Banking has inked a MOU with Jeevika Bihar and UMED Maharashtra, to extend Prayaas Scheme to State Rural Livelihood Missions to ensure over 50 lakhs women of low income group to get access to affordable credit.

see more..
image