NEW DELHI: India is focusing on self-reliance by building capabilities and resilient supply chains, which will help the country tackle global challenges like weaponisation of trade, Commerce and Industry Minister Piyush Goyal said on Tuesday.
He also said the government is focusing on self-confidence to achieve big goals and protect India’s interests.
“In this new geopolitical and geo economic order, India is working on three major principles – atma-nirbharta or self-reliance …we are building capabilities, supply chains, and value chains …which can give us an end-to-end assurance that we will not be subject to any weaponisation of trade and we will be always be in a position to meet our international obligations,” Goyal said.
He was speaking at the curtain raiser event of the CII Partnership Summit to be held in November in Visakhapatnam.
According to him, India today engages with the world from a position of strength, with the confidence to pursue ambitious goals while partnering as an equal stakeholder in the global economy. Atmaraksha, he added, is about safeguarding Indians and protecting the larger interests of mankind, in line with the G20 Summit theme of Vasudhaiva Kutumbakam—“One World, One Family, One Future.”
The Minister noted that the day coincided with Durgashtami, symbolizing strength, resilience, and the triumph of good over evil. He remarked that in a world of turbulence, volatility, and uncertainty, India stands as an oasis—the world’s fastest growing economy, driven by young aspirational citizens striving for a better quality of life and committed to making the world a better place. He welcomed dignitaries and participants from across the globe.
The remarks assume significance as global trade has been disrupted due to the tariff imposition by the US.
The US has imposed a steep 50 per cent tariff on Indian goods entering American markets from August 27.
The minister also said that India provides huge opportunities at a time when there is turbulence and volatility at global trade front.
India’s thrust is for Self-Reliance (Atmanirbhar) to secure our supply chains; Self-Confidence (Atmavishwas) to aim for big goals; and Self-Protection (Atmaraksha) to protect the interests of India, said Union Minister of Commerce and Industry, Piyush Goyal. Delivering the address at the Curtain Raiser event for the 30th CII Partnership Summit in New Delhi today, the Minister underlined that great partnerships are built on technology, trust, trade, talent, and tradition.
Highlighting the contribution of Andhra Pradesh in India’s development journey, Goyal commended Chief Minister N. Chandrababu Naidu for promoting technology-driven governance, pioneering the high-tech city in Hyderabad, and working towards the creation of a modern capital at Amaravati. He added that Andhra Pradesh is the only state in India with three upcoming industrial corridors at Krishnapatnam, Orvakal, and Kopparthy.
The Minister also emphasized that the recent overhaul of the GST system will simplify processes, reduce the tax burden on consumers, and give a strong boost to consumption-led growth of the Indian economy.
Looking ahead to the 30th CII Partnership Summit in Visakhapatnam, Goyal expressed confidence that India, along with its international partners, can build stronger and more resilient collaborations. He underlined that CII continues to play a vital role as a bridge between India and the global community.
Speaking at the event, Andhra Pradesh Chief Minister N Chandrababu Naidu said the state is taking a series of steps to attract investments.
He invited investors to participate in the two-day summit and explore investment opportunities in the state.
He said the state is working on space, electronics, drones, and aerospace cities.
By January next year, the state will launch the first quantum valley in Amaravati, Naidu said, adding that Google is setting up its world’s best data centre in Visakhapatnam.
