The partnership between India and the Indian Diaspora across the world helps us to accelerate the country’s journey towards a developed nation, Union Minister for Trade and Industry, Consumer Affairs, Piyush Goyal said on Sunday.
While interacting with the media in Los Angeles, Goyal expressed his confidence that they would be part of India’s growth story with a sense of duty to give back to their homeland.
“Diaspora members generally do very well in their chosen profession. Each of them has left their mark on society and the economy of the United States,” he said.
Responding to a question, the minister said there were a number of suggestions regarding a role the government could play in connecting ideas and entrepreneurs from the United States to stakeholders in India.
The minister explained that India already has two initiatives, Invest India which welcomes investors from all over the world and a very dynamic Indian startup team which supports startups in India, helps them connect with investors in India and abroad. overseas and set up incubators, accelerators, skills training and facilities.
Goyal said, “The creation of an Invest India-like trade promotion body with flavors of independence and self-reliance was in the works.”
He also said that he would serve as a facilitating unit that would promote trade from India.
Goyal also added that together these investment promotion and trade facilitation bodies would make a significant difference in India’s reach.
The Minister concluded his visit to the United States with a meeting with venture capitalists and representatives of Singularity University in San Francisco.
“Highlighted how digitalization is fueling India’s growth. Featured for India’s story and invited them to be partners in this transformative journey,” he tweeted.