 "Piyush Goyal urges increased use of made-in-India products to boost manufacturing, reduce imports, and support local industries.")
Piyush Goyal, the Union Minister of Commerce and Industry, emphasized the importance of using made-in-India products to enhance domestic manufacturing and reduce imports during the UP International Trade Show in Greater Noida. He highlighted that one of the 20 approved industrial townships is being developed in Greater Noida, with its first phase already sold out. Goyal expressed that promoting Indian products would benefit small and medium enterprises (MSMEs) and support initiatives like the ‘One District One Product’ scheme. He also noted significant growth in India’s intellectual property rights, with patent approvals rising from 6,000 in 2014 to over 100,000 last year, showcasing India’s commitment to quality goods and services.
Title: Piyush Goyal Advocates for Made-in-India Goods to Boost Local Manufacturing
Union Minister of Commerce and Industry Piyush Goyal recently emphasized the importance of using made-in-India goods to strengthen the nation’s manufacturing base and reduce reliance on imports. Speaking at the UP International Trade Show in Greater Noida, Goyal highlighted the launch of one of the 20 approved industrial townships, noting that the first phase has already sold out.
Goyal explained that increasing the manufacturing and sale of Indian products—both domestically and internationally—will significantly lower imports and support the growth of Micro, Small, and Medium Enterprises (MSMEs). He also pointed out the positive impact of the ‘One District One Product’ scheme, aimed at promoting unique items from different regions of India.
In recent developments, the Union Cabinet approved the establishment of 12 industrial smart cities, including projects in Uttar Pradesh and Bihar, with a total investment of Rs 28,602 crore. Goyal mentioned that India’s intellectual property rights (IPR) system has seen remarkable improvement, with patent grants rising from just 6,000 in 2014 to an impressive one lakh last year.
Goyal stated, “We should support each other by buying locally-made products rather than relying on imports. This approach will not only uplift MSMEs but also enhance our country’s identity as a producer of quality goods.”
With the push for made-in-India products gaining momentum, Goyal’s message is clear: supporting domestic manufacturing is key to India’s economic growth and sustainability.
Tags: Piyush Goyal, Made-in-India, MSMEs, International Trade Show, Domestic Manufacturing, Intellectual Property Rights, UP International Trade Show, One District One Product.
What is Goyal urging people to do?
Goyal is urging people to buy made-in-India goods to reduce imports and support local manufacturing.
Why is buying made-in-India goods important?
Buying local products helps strengthen the Indian economy, creates jobs, and reduces dependence on imports.
How can this boost manufacturing in India?
When more people buy Indian products, it encourages companies to produce more locally, which can lead to better jobs and innovations.
What types of products should people look for?
People can look for clothing, electronics, and home goods that are labeled as made in India to support local businesses.
What are the benefits of reducing imports?
Reducing imports can help save foreign currency, improve trade balance, and make the economy more self-sufficient.
