Commerce and Industry Minister Piyush Goyal has urged industry representatives and exports bodies to stop depending on government subsidies and instead focus on becoming more competitive and self-reliant. He also said 'I do not think that any programme or ambitious scheme can run only on subsidies and government help. We have to move out of this continuous effort and demand and make our industry truly competitive and self-reliant.' He also highlighted on the need to increase strengths of the industry as it would help in boosting manufacturing and exports.
According to the minister, accepting strengths would help in achieving the target of reaching $1 trillion exports in merchandise and $1 trillion in services in the next five years and also become an internationally integrated economy. He noted that industry and other stakeholders need to collectively work and use available tools to make logistics and industrial growth competitive. He added 'I understand that there are issues where we are not as competitive as compared to other countries. Let us go to the root of those problems and sort out those issues.'
Goyal further stated that there is a need to integrate with the world economy which will eventually help the Indian industry. He also said 'Let us look at the next five years as one more way, one more new trend that we observe in this country, one more effort that we make to engage with the world on equal terms and not from the position of weakness but from a position of strength. Let us leverage our competitive advantages.'
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