Home » Commerce and Industry » India – E29 are Beacons of Growth in a Slowing World; E29 gateway for Indian Products to Europe: Piyush Goyal

India – E29 are Beacons of Growth in a Slowing World; E29 gateway for Indian Products to Europe: Piyush Goyal

India and the countries of the Europe 29 region are beacons of growth in a slowing world. This was stated by Mr. Piyush Goyal, Minister of Commerce & Industry and Railways at the India – Europe 29 Business Forum has been organized by the Ministry of External Affairs, Government of India and Confederation of Indian Industry (CII) in New Delhi today. The Europe 29 (E29) region refers to the 29 countries in Central, Eastern and Northern Europe.

Commerce and Industry Minister said that India and Europe have very strong historical and cultural connect and can capitalize on this to develop strong economic partnership. Both India and Europe have complementary strengths especially in areas such as smart cities, renewable energy, start-ups IT and ITeS stated the Commerce and Industry Minister. In addition to this, he suggested that promotion of bilateral tourism may be considered as a major area of cooperation. Piyush Goyal was of the view that the E29 region could act as a gateway for Indian products to the wider European market.

On this occasion, Ms. Mariyana Nikolova, Deputy Prime Minister for Economic and Demographic Policy, Bulgaria invited Indian industry to invest in Bulgaria. She stated that Bulgaria has a predictable and stable policy framework as well as one of the lowest tax rates in Europe at 10% for corporates. She informed that the areas where India and Bulgaria can work together include pharmaceuticals, chemicals, machinery and agri and food processing, among others. She also highlighted Bulgaria’s strengths in both hardware and software where Indian companies could be an ideal partner.

Mr. Vojtecj Ferencz, State Secretary and First Deputy Minister of Economy, Slovak Republic highlighted that companies like TCS and Jaguar Land Rover had invested in the country, and there was a need to step up Indian investment. Some of the sectors which may be considered are automobiles and auto components, electronics and electrical equipment.

Secretary, Ministry of External Affairs, T S Tirumurti, in his address said that the economies of the two regions were complementary. He invited the E29 economies to boost cooperation with India. The India – Europe 29 Business Forum will act as a bridge and help close the geographical and knowledge gap between the two regions, he said.

Senior officials of Ministries of Commerce and Industry, External Affairs, CII and captains of industry were present on this occasion.

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

ndex of Eight Core Industries (Base: 2011-12=100) for September, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing ...

Leather Sector Skill Council launches SCALE India Android App for Enhanced Quality Assurance under Skill India Mission

In an endeavour to provide a single platform to integrate quality assurance across all its ...

INDIA’S FOREIGN TRADE: September 2020

India’s overall exports (Merchandise and Services combined) in April-September2020-21* are estimated to be USD 221.86Billion, ...

Assessment of Disruption of Imports from China

Government has banned certain apps in June 2020 and September 2020 on concerns of security ...

Capping of Rs 2 Crore for MEIS will not affect 98% of the exporters: Shri Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal today met the Office-bearers of various ...

First ever Virtual Buyer Seller Meet for loose diamonds commences

Shri Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, Government of India inaugurated first ...

In the auto sector, we should move towards global dominance: Shri Piyush Goyal

Union Minister of Commerce & Industry and Railways Shri Piyush Goyal  has said that in the ...

Shri Piyush Goyal says that New-age entrepreneurs are going to change the fortune of India

Union Minister of Commerce and Industry & Railways Shri Piyush Goyal has said that New ...

Index of Eight Core Industries (BASE: 2011-12=100) for JULY, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing ...

17TH ASEAN-India Economic Ministers’ Consultations held

Shri Piyush Goyal, Minister of Commerce and Industry & Railways and H.E. Tran Tuan Anh, ...

WP2Social Auto Publish Powered By : XYZScripts.com