In addition, the two leaders discussed the opportunities for increased US investments in India, particularly in the upcoming 20 industrial cities that are part of India's ambitious plans for economic expansion
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Goyal underscores India's potential as a leader in green technology, citing opportunities in sustainable data centers and the skilled talent pool driving innovation
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The Union Minister emphasises that global recognition of India's economic strength is growing
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Union Minister Goyal compared the growth of the last 10 years under the Modi government to previous administrations, calling it a "story of the lost decade versus the last decade"
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The minister asserted that skilling, reskilling and upskilling initiatives of the government will benefit the youth in the coming years
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The minister interacts with representatives of the Indian community at a reception hosted by the Consulate General of India at Sydney Cricket Ground
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Piyush Goyal's visit focuses on exploring potential sectors for collaboration that could further enhance bilateral economic relations
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Piyush Goyal highlighted that the government has not been able to pass on the benefits of the remission of duties and taxes on exported products (RoDTEP) to the sector due to a lack of funds
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On the proposed carbon border tax, Goyal suggested that 4-5 top steel leaders engage in talks with him to deliberate the issue, which aims to level the playing field by imposing taxes on imported steel that currently avoids domestic levies
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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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