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India to soon launch genuine single window system: Minister Goyal
13 Aug '21
2 min read
Pic: Shutterstock
India will soon launch a genuine single window system in partnership with the industry, Piyush Goyal, minister of commerce & industry, textiles, consumer affairs, and food & public distribution, told a session on ‘Synergy Between the Government and Businesses for Sustainable Growth’ as part of the Confederation of Indian Industry (CII) Annual Meeting 2021 organised virtually recently.
“Today the world is looking at India to play a much bigger role and to find the right balance between various trading nations in terms of supply chain and in terms of dependence on certain geographies”, said Goyal.
The government has been working towards further improvements in business processes, he added.
On setting an agenda for positioning a New India beyond 2022, external affairs minister S Jaishankar emphasised that the country needs to invest in building capacities and supply chains within India and the Atmanirbhar Bharat is the kind of holistic approach that provides the platform for it.
On free trade agreements (FTAs), Jaishankar said India is seriously pursuing talks on that issue with the United Kingdom and the European Union, while it has reservations on Regional Comprehensive Economic Partnership (RCEP) due to weak ‘rules of origin’ and many participating economies not being transparent market economies.
In another session on ‘India's Development Transition and Climate Change’, Amitabh Kant, chief executive officer of NITI Aayog, said the twin crises of the COVID-19 pandemic and the severe impact of climate change are also an opportunity for the Indian industry to become sustainable and competitive and to transition to ‘green measures’ that can plug into the climate goals of India.
To accomplish this, organisations have to ‘restructure, resize and redesign’, he said. CII’s role, according to him, is to prepare and guide its membership to adapt to the new environment.
The pandemic has presented the industry with an opportunity to be globally competitive by developing quality products and becoming a part of global supply chains, Kant said.
To that effect, the Indian industry has to adopt a three-pronged approach of ‘Go Green, Go Digital and Skill-your-Workers,” he added.
“Today the world is looking at India to play a much bigger role and to find the right balance between various trading nations in terms of supply chain and in terms of dependence on certain geographies”, said Goyal.
The government has been working towards further improvements in business processes, he added.
On setting an agenda for positioning a New India beyond 2022, external affairs minister S Jaishankar emphasised that the country needs to invest in building capacities and supply chains within India and the Atmanirbhar Bharat is the kind of holistic approach that provides the platform for it.
On free trade agreements (FTAs), Jaishankar said India is seriously pursuing talks on that issue with the United Kingdom and the European Union, while it has reservations on Regional Comprehensive Economic Partnership (RCEP) due to weak ‘rules of origin’ and many participating economies not being transparent market economies.
In another session on ‘India's Development Transition and Climate Change’, Amitabh Kant, chief executive officer of NITI Aayog, said the twin crises of the COVID-19 pandemic and the severe impact of climate change are also an opportunity for the Indian industry to become sustainable and competitive and to transition to ‘green measures’ that can plug into the climate goals of India.
To accomplish this, organisations have to ‘restructure, resize and redesign’, he said. CII’s role, according to him, is to prepare and guide its membership to adapt to the new environment.
The pandemic has presented the industry with an opportunity to be globally competitive by developing quality products and becoming a part of global supply chains, Kant said.
To that effect, the Indian industry has to adopt a three-pronged approach of ‘Go Green, Go Digital and Skill-your-Workers,” he added.
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