Piyush Goyal emphasises India's growth potential in next 25 yrs

Union Commerce Minister Piyush Goyal has emphasised Indias tremendous growth going forward and said that the country has over 10X growth potential in the next 25 years which would reinforce its position as the fastestgrowing large economy and focus on 4Ts of trade technology tourism and talentHe said it would reinforce Indias ambitious mission for sustainability and renewable energy evidenced by its performance of achieving Paris Agreements targets in 2021 itself nine years ahead of schedule etcThe commerce minister was delivering a keynote address during a business meeting organised by the Federation of Enterprises in Belgium FEB at the Federation office on Monday local time The minister is on a twoday visit to Brussels to attend the first Ministerial meeting of the IndiaEuropean Union Trade and Technology Council TTCThis was followed by roundtable discussions which included testimonials from Belgium enterprises which are present and operating in India testimonials from Indian and foreign companies present in Belgium and remarks from business organisations present during the meeting according to a statement released by the commerce ministry on TuesdayAlso Read Param Bir Singh rewarded for slandering MVA govt Cong leader PatoleThe issues discussed during the roundtable include tariffs and duties protection of intellectual property rights IPR investments the need for regulations in the waste management sector reducing regulatory compliances zero carbon technology and green financing offshore wind systems etcIn response to the roundtable discussion Goyal underscored that there must be a levelplaying field for both the developed and emerging economies while addressing global challenges such as climate issuesWhile India is committed to achieving its targets of net zero emissions there should be meaningful contributions by all concerned and commitments made under the Paris Agreement must be adhered to by all countries he addedHe also expressed hope that the mechanism of the IndiaEU Trade and Technology Council TTC could emerge as an effective platform for finding solutions to these challengesThe Minister also noted that the Indian and European Union EU share several common concerns with respect to World Trade Organization WTO issues where their positions are largely aligned and therefore through their collective efforts could jointly contribute to finding consensusbased solutions in the upcoming WTO Ministerial ConferenceThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever