Union Commerce Minister Piyush Goyal on Monday has said that the focus on domestic quality will stop the influx of low-quality products into the country.
He was addressing the inaugural session of Massmerise 2023 in New Delhi.
Goyal said that as long as we do not recognise the importance of quality in our country, we will not be able to stop this influx of low-quality products.
"Towards that end, we in the government are working to introduce quality standards in a much bigger way. We have now almost four times the number of quality control orders implemented in the last few years than what we had 10 years ago," he added.
Goyal asked manufacturers, fast-moving consumer goods (FMCG) providers and consumers to work collectively to revive Indian domestic manufacturing at scale, with high quality and at competitive prices,
By this India once again provides a large number of jobs, work opportunities and business opportunities, and meets the aspirations of 1.4 billion people, added the minister.
The minister opined that the FMCG sector will truly be a driver of economic growth and that moving forward, India will be an important consumer market.
He called for the creation and strengthening of a virtuous circle with massive amounts of investment and focus both on the public sector and the private sector to create the necessary building blocks or infrastructure to help the Indian economy grow rapidly.
Goyal called for renewed investments in infrastructure, in manufacturing, in innovation, in R&D and in quality.
He also observed that developed economies had become developed by ensuring significant internationalisation of their economies, by engaging with the world in a bigger way, by focusing on scale, so that they can be more competitive.
He added, "By building their domestic logistics ecosystem, where infrastructure investments play an important role, by focusing their energies on providing what the consumer really wished for, good high-quality products at competitive prices and in the current context, sustainable goods."
Goyal underscored that sustainability would drive demand in the days ahead. He noted that the government had been focusing relentlessly on sustainability across sectors.