Commerce and Industry minister Piyush Goyal stressed that India and Australia must work towards enhancing the resilience of supply chains and greater engagement in the Indo- Pacific region.<br />''<br />''Mr Goyal&nbsp; said,&nbsp; Australia-India Business Champions Group's role has become extremely important as it provides a platform for greater engagement between the policymakers between the two countries.&nbsp; Addressing the Inaugural Meeting of the Australia India Business Champions today, Mr Goyal said, both the nations stand united for sustainable recovery from the COVID-19 crisis and it is imperative to sustain the momentum for rebuilding as well as reconstructing the economy by focussing on enhancing the export potential.<br />''<br />''He said, as the&nbsp; government has embarked on the journey of transforming India into a global hub of supply chains and re-invigorating the economy , India would like to partner with Australia, one of its key trading partners for seamless integration into the Global Value Chains (GVCs).&nbsp; Mr Goyal said, that focus would be to chart a course for ensuring effective usage of the huge entrepreneurial talent, developing a domestic market with a thriving private sector as well as skilled labour. The minister highlighted the key goal must be to strengthen international supply chains, and fully capitalize on the currently favourable geopolitical phenomenon.<br />''<br />''<span style="color: #000000;">The Minister who is co-chairing the Australia-India Business Champions Group stated that this forum will play a pivotal role in supporting the agenda of the Australia-India CEO Forum by highlighting the vibrant role being played by the business sector of both the countries. Dan Tehan Australian Minister of Trade, Tourism and Investment said, the Australia-India Business Champions Group's key aim is to liberalise and deepen bilateral trade between both the nations and pave the way for collaborative economic growth.</span><br />
News On AIR | September 27, 2021 7:16 PM
India, Australia must work towards enhancing resilience of supply chains & greater engagement in Indo-Pacific region: Piyush Goyal