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India Projects Itself As Reliable Partner, Stable Economy, Investment Destination At WEF

Goyal held meetings with leaders of various countries and regional and multilateral institutions to project the India story and inform about the reforms being undertaken by the government for improving the ease of doing business and the investment climate

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India's growth story had been receiving enthusiasm globally amid constraints like Covid-19, chip shortages, conflict, rising commodity prices, container shortages and significant shipping and logistics issues, said Union Minister Piyush Goyal at World Economic Forum (WEF). 

Speaking about the recent wheat export regulation, Goyal emphasised that India's wheat exports are less than 1 per cent of world trade and our export regulation should not affect global markets. 

He said that India will continue to allow exports to vulnerable countries and neighbours. 

Goyal who led the team India at WEF in Davos from 23-25 May 2022, finished his trip with several high-level engagements aimed at projecting India as a reliable partner, a stable economy and an attractive investment destination. 

Goyal, who was accompanied by two union ministers Mansukh Mandaviya and Hardeep Puri leveraged the WEF platform to further help reinforce its position as a crucial stakeholder in shaping the global narrative, said the Ministry of Commerce and Industry. 

Meanwhile, Goyal is reaching the United Kingdom (UK) tomorrow, where he will hold discussions with the UK government and businesses on the progress made in FTA negotiations and the way forward. 

During the summit meeting between the Prime Ministers of India and the UK, the two leaders had set the timeline of Diwali 2022 for the finalisation of the FTA between the two countries.

The minister held meetings with Khalid Al- Falih, Minister of Investment, Saudi Arabia, Said Mohammed Ahmed Al Saqri, Minister of Economy, Oman and Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, the ministry said. 

Besides Secretary-General of Gulf Cooperation Council (GCC) Nayef Al Hajraf, CEOs of DP World Sultan Ahmed Bin Sulayem and Khaldoon Al Mubarak CEO and MD, Mubadala Investment company to take stock of the existing trade and investment relations and emphasised the need for closer integration. 

Goyal also met several CEOs wherein he emphasised India as a great investment destination with a number of government interventions including Gati-shakti, asset monetisation program, startup India, national infrastructure pipeline and investment corridors.

Goyal held meetings with leaders of various countries and regional and multilateral institutions to project the India story and inform about the reforms being undertaken by the government for improving the ease of doing business and the investment climate. 


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