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Ease of Doing Business: Developed nations keen to sign trade deals with India

Ease of Doing Business: Developed nations keen to sign trade deals with India

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New Delhi: Amid rising business options and opportunities in India for business persons, Union Commerce and Industry Minister Piyush Goyal on Tuesday said, “Developed countries are very keen to sign trade deals with India now. The world now sees India as an engine of economic growth,”

On the growth of the last 8 years, Piyush Goyal said, “Before 2014, the Indian economy was considered to be fragile and investors had their doubts about doing business with India,”

Stressing the need for transparency and ease of doing business, the Minister assured traders and entrepreneurs that the government will fully support traders who raise their voices against harassment by any authority.

Goyal appealed traders to work with the government to reduce the compliance burden of people and businesses and informed them that the government strictly follows ethical trade practices. Unnecessary, cumbersome, and counter-productive laws and regulations must be uprooted to improve the ease of doing business.

The minister asked traders to give priority to the quality of goods and services that India offered and he also underscored the need to encourage youngsters to come forward and lend a youthful energy to India’s growth story with new ideas. “We must also encourage more and more women to become traders and entrepreneurs,” he said.

The minister also emphasized that traders and Micro, Small, and Medium Enterprises (MSMEs) should benefit from the demand for goods by beneficiaries of the Prime Minister’s welfare schemes. Goyal asked all traders, entrepreneurs, and businesses, both big and small, to take a collective resolve to work together to take forward the dream of a self-reliant India by promoting more and more Indian products.

(Vinayak)

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