Goyal encourages stakeholders to adopt innovative approaches
Commerce and Industry Minister Piyush Goyal has stressed to the consumer electronics industry the importance of seizing opportunities, engaging internationally, and embracing competitiveness to ensure India’s growth trajectory.
He has emphasized the significance of meeting consumer demands for high-quality and competitively-priced products, and urged the industry to prioritize quality, highlighting the importance of supporting the Indian ecosystem and fostering collaboration among domestic manufacturers.
The Minister said that the Quality Control Orders (QCOs) have been issued to further the interests of both the consumers and the industry as high-quality products are beneficial for all.
While addressing the ‘44th Annual Function’ of the Consumer Electronics and Appliances Manufacturers Association (CEAMA) in New Delhi on 7 Dec, he encouraged companies to opt for Indian-made components and products, contributing to job creation and scaling competitiveness in both local and global markets.
Emphasizing a broader perspective, Goyal underscored the need for a change in mindset, encouraging stakeholders to adopt innovative approaches.
He elaborated on the ongoing international trade negotiations, stressing the importance of projecting India’s story as the world’s fifth-largest economy with imminent prospects of becoming a trillion-dollar economy soon.
Reflecting on the success of the ‘Digital India’ initiative, the Minister highlighted the rapid rise in internet users in the country, especially through smartphone usage, and its transformative impact on rural areas, thereby nurturing aspirational India.
Expressing optimism, Goyal remarked on the transformation witnessed in Indian manufacturing capabilities as companies transition towards sustainable manufacturing practices and produce high-quality goods.
He emphasized the critical role of the consumer electronics industry in India’s growth story, urging stakeholders to maintain a focus on innovation, quality, and sustainable practices to ensure a brighter future for the nation. Fiinews.com
