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National News

Dec 13, 2020

Union Minister Piyush Goyal says new farm laws will bring more investment in rural India and raise farmers income

Union Minister Piyush Goyal has said that new farm laws will bring more investment in rural India and raise farmers’ income. Addressing FICCI’s Annual Convention, he said, these laws will open up new opportunities to do trade, commerce & business for the farmers without changing the past systems.

Mr Goyal urged all business leaders and intellectuals associated with FICCI to talk about the benefits of the farm laws, as these laws are for the benefit of all farmers across the country.  

Describing Startups as the backbone of new India, Mr Goyal said that Startups & the ecosystem of Startups are encouraging innovation and promoting & strengthening new & young entrepreneurs. He urged the Indian industry to support the startups, by providing them financial support, handholding, opportunities and mentorship so that they can grow, without resorting to dilution of their stakes to foreign companies at very low valuations at the initial stage itself.

He said, Indian brands should demonstrate to the world that it is of superior quality. Mr Goyal said that scale of manufacturing, coupled with quality & productivity, can truly make India competitive in several sectors & help move towards an Aatmanirbhar Bharat which is going to be an important building block of New India.

He said, the government will identify areas where we have competitive & comparative advantages, where we can become global players & contribute to global trade in a bigger way.  

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