Goyal Asks Indian Industry To Procure Locally To Fortify Domestic Supply Chains
2 years, 9 months ago

Goyal Asks Indian Industry To Procure Locally To Fortify Domestic Supply Chains

News 18  

Stressing on the Aatmanirbhar Bharat mission, Commerce and Industry Minister Piyush Goyal on Tuesday asked the Indian industry to procure locally wherever there is an opportunity so that domestic supply chains are fortified and become more resilient. “Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today asked Indian industry to procure locally wherever there is an opportunity so that domestic supply chains are fortified and become more resilient and the tendency to place excessive dependence on international supply chains is curbed,” the commerce ministry said in a statement on Tuesday. Observing that the India story had been receiving a lot of enthusiasm across the world, the minister also said that in spite of constraints like COVID-19, chip shortages, conflict, rising commodity prices, container shortages and significant shipping and logistics issues in the past two years, Indian businesses have displayed great resilience, overshooting export targets and achieving USD 421.8 billion worth of exports. “This responsiveness, he said, is a manifestation of the resilience that Indian businesses have to offer and the resilience and confidence of political leadership.” Goyal expressed confidence that “India could achieve a target of USD 1 trillion worth of merchandise and services exports each by 2030”.

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