Quality Must be Top Priority for Manufacturing Entrepreneurs: Piyush Goyal

Sharing is caring!

Union Minister of Commerce & Industry Piyush Goyal, emphasized on giving thrust to quality so that India can be recognized for its superior products.

Addressing an International Conference for Engineering Services on Quality Infrastructure for Clean & Sustainable Development in New Delhi, he expressed hope that India can be recognized the world over not only for its comparative and competitive cost advantage but also for its superior products and superior quality of services.

The Commerce Minister said that the Finance Minister in the Budget 2019-20 has given a road map for the expansion of infrastructure in India with investment of one lakh crore rupees in next five years.

He said that an investment of Rs 50 lakh crore is proposed forthe expansion and development of railways in next 10-12 years. The Minister said this vision clearly demonstrates that India is a destination for large scale investment in infrastructure.

PiyushGoyal further said that India has become the fastest growing country in generation of solar energy.

It has achieved 1200% growth in installed capacity of solar energy during the last five years. India has also become the largest user of LED bulbs with the improvement of technology and cost cutting of manufacturing.

The Minister also referred to incentives proposed for electrical vehicles in this year’s budget and expressed hope that India will take a lead in the world by manufacturing two wheelers, three wheelers and four wheelers.

The Commerce and Industry Minister informed that the number of households that have access to LPG through cylinders have almost doubled.

He also stressed on modernization of the way electricity and gas are supplied to consumers so that the energy needs of citizensmay be met.PiyushGoyalspoke about a national gas grid for delivery of piped gas to all households in urban centres by bringing down losses and reduce cost of supply.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: