Goyal Pledges Strong Support for Investors, Highlights Government Reforms

Union Minister Piyush Goyal assures investors of robust government support against challenges like predatory pricing. At a New Delhi seminar, he emphasized fostering an investor-friendly environment, highlighting efforts to modernize laws and improve India's business climate. Key reforms aim at boosting self-reliance and enhancing intellectual property processes.

Union Commerce and Industry Minister Piyush Goyal on Saturday reassured investors of the Indian government's unwavering support amidst competitive challenges, including predatory pricing and anti-dumping issues, during the 'New Global Manufacturing Hub' seminar in New Delhi. Goyal emphasized that the government is open to taking necessary measures to shield domestic manufacturing.

Highlighting the government's priority to establish a favorable business climate, the minister remarked on the efforts to simplify policies, benefitting both foreign and domestic investors. Goyal drew attention to the administration's confidence-building strategies, aiming to streamline processes and encourage investments in India.

Goyal further pledged assistance for investors facing hurdles, aligning with the global trend of self-reliance championed by Prime Minister Modi. He cited ongoing initiatives to modernize outdated laws, including tax reforms and judicial improvements like speeding up justice delivery through technology, to support India's transformation into a global manufacturing hub.

(With inputs from agencies.)