India known as best place to invest and manufacture in: Piyush Goyal

In a recent interview, Commerce and Industry Minister Mr. Piyush Goyal highlighted the significant achievements of the Make in India initiative over the past decade, emphasizing India's recognition as a top global manufacturing destination. He noted the initiative's success in creating jobs, attracting substantial domestic and international investments, and fostering self-reliance in various sectors. The government has implemented numerous measures to enhance the ease of doing business, promote high-quality production, and strengthen economic fundamentals, contributing to a 90% growth in the Indian economy compared to 35% globally.

Goyal expressed satisfaction with the Production-Linked Incentive (PLI) scheme, citing notable successes in sectors like white goods and mobile manufacturing, where domestic value addition has surged. He acknowledged that while some sectors face longer gestation periods, overall progress is encouraging. The government actively monitors PLI sector companies and addresses teething issues, ensuring stakeholders are engaged and supported. Looking ahead, Goyal affirmed a commitment to further reducing compliance burdens and fostering a conducive environment for increased manufacturing and job creation in India.

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