Support each other in manufacturing, promote local firms: Goyal to domestic businesses
Zee News
Commerce and Industry Minister Piyush Goyal said called on domestic businesses to look at ways and means to support each other in manufacturing and promote local firms like companies do in South Korea and Japan.
New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday called on domestic businesses to look at ways and means to support each other in manufacturing and promote local firms like companies do in South Korea and Japan.
Suggesting three points, the minister said Korea and Japan do not import Indian steel and purchase steel from their own players.
"I think there is a need for shared responsibility among companies to address social and environmental challenges and support each other in domestic manufacturing. Look at Korea, they just do not allow Indian steel manufacturer to export to Korea, that's the nationalistic spirit there," he said while addressing the CII Manufacturing Conclave 2022.
Goyal added that Japanese companies do not allow Indian steel in Japan and they will buy a USD 100 per tonne costlier steel but local Japanese steel.
"Many of you may have faced such barriers that are not government barriers that even I cannot fight 'G2G' (government to government). But, it comes out of the spirit of nationalism.
