Union Minister of Commerce and Trade Piyush Goyal addresses the forty ninth Annual Common Assembly of the U.S.-India Enterprise Council, in New Delhi on September 11, 2024 (ANI Photograph)
| Photograph Credit score: ANI
Commerce Minister Piyush Goyal on Wednesday (September 11, 2024) mentioned that the federal government will shield the curiosity of 100 million small retailers, who’re going through competitors from main e-commerce gamers.
Final month, the minister lambasted the e-commerce companies, questioning their enterprise mannequin that has been impacting small retailers within the nation.
“I guarantee you that we are going to proceed to work with you to satisfy the aspirations of 1.4 billion Indians for a greater high quality of life, for a greater future, the aspirations of 140 million farming households…the aspiration of a 100 million small retailers, the small mom-and-pop shops, which have disappeared from the US panorama, which we’re not less than making an effort to guard to some extent,” he mentioned.
Mr. Goyal was addressing members of the India-U.S. enterprise council.
He additionally mentioned that the U.S.-India CEO discussion board will meet on October 2-3 in Washington to additional their industrial dialogue.
The Minister famous the “frequent supply of concern” for each the US and India in vital minerals and confused on self-reliance within the sector.
“Allow us to work in the direction of vital minerals which is a crucial a part of our partnership to have a resilient provide chain. We’ve got lots to supply and you’ve got lots to supply,” he added.
The Minister had final month said that e-commerce corporations are consuming into the small retailers’ high-value, high-margin merchandise which can be the one objects by way of which the mom-and-pop shops survive.
Printed – September 11, 2024 10:34 pm IST
