Attending a ‘Digital Summit on Exports’ organized by the Confederation of Indian Industry (CII), the Union Minister for Commerce & Industry and Railways said the future of growth lay with industry and the private sector, with the government having a lesser role to play.
Besides, the minister identified three important ways to increase India’s exports such as reviving manufacturing, diversifying the exports basket, and finding newer and more accepting markets.
He emphasised that the diversification of exports, in addition to consolidating current areas of strength, is necessary for our economy to grow.
According to the minister, India has a huge opportunity to promote indigenous production in auto component sector, furniture, air conditioners, and others.
Furthermore, he said the ‘AatmaNirbhar Bharat’ programme is not just about greater self-reliance, but also engaging with the world from a position of strength.
The minister said that India should be seen as a dependable partner and reliable friend in the world market, particularly when the global supply chains are undergoing a rejig.
He also assured the exporting community that the government, whether the union or states, are there to provide full support and are willing to work in partnership.