She urged entrepreneurs to know the features of these agreements and make the best use of them. “If you want any support in connection with the agreements, feel free to convey it to us,” she said.
“I have asked DGFT (Director General of Foreign Trade) to translate in Tamil the details and benefits of the trade pacts and circulate it to the media and stakeholders,” she said.
“I have also requested the Tamil Nadu MSME [micro, small and medium industries] minister to share the state policy to overcome overlapses and to increase synergy,” she was quoted as saying in an official release.
“I request the [Tamil Nadu] state government to invite raw material makers to invest here. We should not be dependent on others for our raw materials. Backward and forward industries should be supported by the governments,” she added.
In her address, Union minister of state for commerce and industry Anupriya Patel said that India is expected to conclude FTAs with the European Union, Canada and the United Kingdom by this year-end.
MoS Patel further said despite COVID challenges, India stood strong with government's measures and with the support of all stakeholders. “India-UAE trade agreement was concluded in record time. Several benefits will flow out of the comprehensive agreement between the two countries. There is huge scope and there are so much of employment opportunities to be created. Bilateral trade will double in next five years. We believe there is immense potential in further strengthening and diversifying India-UAE ties. India-Australia agreement is India's pact with a developed country in more than a decade. This is a clear signal to other developed economies to partner with India.”
Stating there was a great deal of efforts from India, UAE and Australia in negotiating and finalising agreements, she requested the industry to make use of these agreements.
ALCHEMPro News Desk (DS)
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