Emphasising the need for partnership within the industry, the Commerce and Industry Minister said that there is a need to engage within the industry not only with the international players.
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He shared that the BMC has agreed to allocate 50,000 sq. ft. for a training centre and 20,000 sq. ft. for a hostel. The Centre is expected to be operational within 6-8 months through the PPP (Public-Private Partnership) model
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The minister had said the predatory pricing and huge discounts by big e-commerce players will create a disruption in the businesses of India's 100 million small retailers and the government is concerned about that
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A 2021 Reuters investigation revealed that Amazon's internal documents showed the company aided select vendors on its Indian platform by offering reduced fees and circumventing foreign investment regulations
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Union Minister Piyush Goyal states that ecommerce is eating into the small retailers’ high-value, high-margin products which are the only products through which they survive
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The minister also congratulated Sunil Bharti Mittal, Rajan Bharti Mittal and Rakesh Bharti Mittal of Bharti Enterprises on this significant milestone
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India is the world's second-largest manufacturer of footwear, and Goyal says the country has to become the world's largest manufacturer going ahead
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Piyush Goyal calls for deeper integration amongst the member nations to provide honest feedback and help strengthen trade facilitation and cross-border movement of goods
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The minister highlights that as we increase our shipping, focus on electric mobility, become self-sufficient in defence and do a little bit more in things like oil seeds, rubber and pulses, we are looking at rupee appreciation
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Noting the government's achievements in the last 10 years, he said that businesses and people recognise the transformation in the Indian economy
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