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On September 5, 2024, Union Minister Piyush Goyal will preside over an important meeting with state representatives to discuss ways to quicken the nation’s industrial growth. The meeting, which will bring together key stakeholders from various states, is part of the central government’s ongoing efforts to enhance collaboration between the Centre and the states in fostering economic development.
The agenda for the meeting includes discussions on boosting manufacturing, improving the ease of doing business and attracting both domestic and foreign investments. With India’s economy recovering from the impacts of the global pandemic, the focus is on revitalizing the industrial sector to ensure sustainable and inclusive growth.
Goyal, who holds the portfolios of Commerce and Industry, Consumer Affairs, and Food & Public Distribution, has been a strong advocate for state-led industrial initiatives. He has emphasized the importance of states playing an active role in driving economic reforms and implementing policies that encourage industrial expansion. The upcoming meeting is expected to address challenges faced by states in implementing these reforms and explore ways to streamline processes that can attract more investments.
Among the key topics likely to be discussed are the creation of industrial clusters, the development of infrastructure to support industries, and the enhancement of supply chain efficiencies. The meeting will also touch upon the integration of state-level policies with national initiatives such as the Make in India program and the Production Linked Incentive (PLI) schemes, which are designed to boost manufacturing in critical sectors. The outcomes of this discussion will likely set the stage for future collaborations and policy frameworks that support industrial growth and economic development in India.