Piyush Goyal inaugurated the India Pavilion at Expo 2020 in Dubai.
At a time when the entire world is coming together to overcome the COVID-19 pandemic and bring growth back on track, a resurgent India is all set to take the responsibility of being at the forefront of this revival process, Commerce and Industry Minister Piyush Goyal Said.
The Minister inaugurated the India Pavilion at Expo 2020 Dubai on Friday, showcasing India’s vibrant culture as well as the diverse partnership opportunities that the country is capable of offering. He said that the whole world is looking up to India as a reliable partner.
The minister said the reforms undertaken by the government in the last seven years under the guidance of Prime Minister Narendra Modi, and especially during the COVID-19 period, are set to boost the country’s manufacturing and export potential. He said that there will be reforms too. Help make India a global economic hub, apart from strengthening its capabilities in technology.
“India is already a leading player in global markets in IT, pharma and space technology, and the development of research and innovation capabilities and the country’s skills in these areas will help leverage new-age technologies such as Artificial Intelligence (AI). ) and robotics,” he said.
Noting that the lessons learned from the pandemic have also boosted India’s confidence to overcome any future challenges with the help of the country’s scientific research and development capabilities, the minister said whether it is the development of pharma and health products. Be it the trend of the world. Largest Immunization Program Banking on two indigenously produced vaccines, India has set many examples.
“From here on out, productivity will play a big role in achieving the sustained high growth phase that India has already started, leaving behind the impact of coronavirus. Against the record contraction of GDP growth in the first quarter of FY22 20.1 per cent. 24.4 per cent over the same quarter of FY21 is not only indicating a strong revival, but also likely to a massive economic rebound and rapid growth,” he said.
“We have a huge advantage in our youth population and with the help of the New Education Policy (NEP) and its focus on skill development, there is bound to be substantial growth to support the objectives of increasing productivity levels in the country,” he added. ” .
The Minister congratulated the UAE leadership for being able to deliver this huge enterprise, Expo 2020, despite the tough times. Emphasizing on the importance of India’s participation in Expo 2020, the Minister said that it is taking place at a time when India is celebrating 75 years of its independence and UAE is celebrating its 50th year of establishment.
He said, “UAE is one of India’s most valuable partners and a close friend. Expo 2020 will prove to be a milestone in further strengthening the ties between the two countries.”
“The ongoing celebrations of Amrit Mahotsav, 75 years of India’s independence, reflect Prime Minister Narendra Modi’s clarion call to redefine India in the next 25 years in his new vision of “Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas”. will accompany the motto, he added.
The minister said that the government, instead of being defensive, has accelerated the reform process during the pandemic and has laid a solid foundation for a sustainable and sustained high growth phase in the years to come.
“The whole world is looking up to India as a reliable partner. India, with its democratic values, highly capable talent pool, technological prowess and growing appetite for learning and leadership, is expected to play an increasingly central role in global affairs, business and trade,” the minister said.
He said that visitors to the India Pavilion during the six months of Expo 2020 till March 31, 2022 will get a glimpse of the country’s ancient treasures, business achievements, innovations and pioneering opportunities with state-of-the-art technologies.
“We are on our way to reach and exceed the export target of USD 400 billion per year and a GDP growth that will take us to become an economy of USD 5 trillion and beyond. India’s golden growth in the next 25 years symbol of the stage,” he said. and invited the global community to be a part of this resurgent ‘New India’ journey.
Goyal, who is also the Union Minister of Consumer Affairs, Food and Public Distribution and Textiles, said that the Indian Pavilion will showcase a modern, robust India-technology high-end, showcasing the beauty of Indian art, culture and cuisine over the course of 183 days. That event will go on.
While India-UAE trade has also been affected by the pandemic, it was valued at close to USD 60 billion in 2019-20, with the UAE being India’s third largest trading partner and India’s second largest after the US by export value. was a major export destination. Around USD 29 billion in 2019-20.
The UAE is also the eighth largest investor in India and has invested USD 11 billion between April 2000 and March 2021. India is looking to make significant progress in catalysing investment from UAE into India in focus areas including gems and jewellery, textiles, pharma and IT. .
“Over the years, the UAE and India have built a strong relationship that goes beyond the economic, cultural and political spheres. The UAE has given thousands of Indians the opportunity to make a living in the country and Indians have demonstrated their expertise and Contributed to the collective development of the nation through multiple sectors including education, technology and entrepreneurship. Expo 2020 Dubai is set to take this further,” the minister said.
(with inputs from ANI)
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