New Delhi (NVI): In order to promote the Make in India program, industry must adopt international quality standards and scale up production to remain globally competitive, Commerce and Industry Minister Piyush Goyal said today.
“We will have to align ourselves with the world standards. We want imports to be curbed and international quality standards have to be adopted both for domestic industry and imports,” said Goyal while speaking at ‘DPIIT-FICCI Partnership Forum on Public Procurement for Make in India’, organised by FICCI and DPIIT.
The Union Minister also said that industry can explore opportunities arising out of US-China trade dispute. “There are sectors in which India has competitive advantage and let us start looking at scale. Commerce ministry and DPIIT should identify these sectors and make it publicly available to see the business opportunities to exploit.”
He urged the industry and DPIIT to identify the bottlenecks acting as deterrent so that Make in India can be successful.
He also urged the industry, especially PSUs and large companies to start paying advance to vendors at the time of delivery of goods which will help the MSME sector. “DPIIT should identify 100 PSUs and 250 private companies to start the process and we will monitor to see how many companies take it forward,” Goyal added.
