Goyal, who was addressing the media after the 12th meeting of India-UAE High-Level Task Force on Investment held here, also announced that the first overseas campus of the IIFT
This matter has been under discussion for quite some time with the UAE Government coming, and with different states in India," Goyal said
According to the minister, the social security coverage details that have been shared with the US cover about 930 million people in India
The proposed agreement seeks to do away with the requirement for an expatriate in either country to pay for social security schemes of the host country
Goyal and Raimondo pledged to continue working under the MoU to facilitate collaboration between US and Indian companies towards mutually-beneficial business opportunities
Goyal discussed how historic reforms, diversification, and localised supply chains are transforming India into a global manufacturing powerhouse
Slamming the previous Congress-led government, Piyush Goyal said it is a matter of shame that India allowed substandard and opaquely-priced Chinese goods to flood the Indian markets
Goyal, speaking at Center for Strategic and International Studies in Washington after signing, described the MOU as a multi-dimensional partnership that would include open supply chains for materials
Goyal said the United States can afford it because its population is much smaller compared to India and there are alternative avenues for people to do jobs in
Goyal and Raimondo also discussed opportunities to increase US investments in India, particularly in some of the new industrial cities being planned
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Goyal commenced his four-day visit to the United States on September 30. He began the tour with discussions with existing and potential US investors highlighting to them the avenues for cooperation
At the invitation of United States Secretary of Commerce Gina Raimondo, Goyal is in the US till October 3, 2024. He will co-chair with Raimondo the India-USA CEO Forum on October 2
Goyal further remarked that the world is increasingly viewing India as a manufacturing hub
As for the fast-growing quick commerce segment, Goyal said that while the government had not studied potential violations, the industry department would examine their compliance with the law
Our national interest will always be paramount. We'll calibrate and balance our policies based on needs of the country, says Piyush Goyal
In the meeting, Goyal urged the Indian industry to focus on prioritising the production of high-quality goods to promote Brand India through sustainable practices
Investments under PLI may hit Rs 2 trillion by next year, says Piyush Goyal
The minister engaged with 140 companies out of the 1,300 manufacturing units across 14 sectors, which have been the beneficiaries of the scheme
At the invitation of the US Secretary of Commerce Gina Raimondo, Piyush Goyal will undertake a visit from September 30-October 3