Business is not just about numbers but about building relationships & collaborating: Goyal

New Delhi: Union Minister of Commerce and Industry, Piyush Goyal said that business is not just about numbers but about building relationships, partnerships, collaborating, learning, technology, and innovation, said a statement by the Ministry on Thursday. He also said that "the focus has to be on shared prosperity for people across the world making all stakeholders in the value chain prosperous" during the Trade and Investment Promotion Event for the Agricultural and Food Processing sector with Indian companies and Canadian importers on the sidelines of SIAL-2023.

'This is an opportunity to celebrate Canada-India partnership'

Goyal said that this is an opportunity to celebrate the Canada-India partnership and there is a huge potential for growth in the expansion of business and engagement between the two countries. He said that the value addition of food products is a priority area. He also stressed that Indian businesses must focus on quality, scale, design, packaging, etc. to earn the confidence and trust of consumers and businesses in Canada.

'SIAL 2023 offered an opportunity to hone product quality & marketing skills of industry'

Goyal said that SIAL 2023 offered an opportunity to hone product quality and marketing skills of the food industry. "The minister said that 'World Food India' in November 2023 can serve as the platform that can showcase the best of India and collaborate with businesses across the world. He said that as a part of outreach as G20 President, the government and businesses need to put their best efforts in this respect," said the statement.

Food industry is sunrise sector: Goyal

The Minister said that the food industry is a high profile, high profits, and high growth sunrise sector. He said that it is a focus area of government and businesses as it directly impacts agriculture in India by adding value to the products of farmers and encouraging diversification of crops, fruits, and vegetables. 

'There is multifold growth potential in bilateral trade of India-Canada in this sector'

"There is multifold growth potential in the bilateral trade of India-Canada in this sector," said Goyal. He said that the export of agri-based products, foodstuffs, food products, marine products, etc. from India is rising but there is huge potential for more exports of these products. Goyal said that millets are becoming popular amongst consumers in India and the world, it is important to highlight the nutritional and health benefits of millets especially among the youth who need high energy and high protein food intake. He said that millet can be a game changer in the promotion of the Indian food industry.

'India is not only the fastest-growing economy but also a consistently growing economy'

In another meeting with Canadian companies in Toronto, Canada, Piyush Goyal invited people and businesses from Canada to visit India. He said that the India that they will visit now is truly a New India. The Minister also invited them to join the B20 Sessions and sectoral engagements being organised across the country under India’s G20 Presidency. He also encouraged the Canadian companies to hold Board meetings in India. Goyal said that India is not only the fastest-growing large economy but also a consistently growing economy. He said that as India grows as an economy in the next 25 years, he invited Canadian businesses to be a part of India’s growth journey.

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