Mumbai (Maharashtra) [India], October 15 (ANI): Union Commerce and Industry Minister Piyush Goyal has urged Canadian businesses to use India as a manufacturing, innovation and design base to serve global markets, highlighting the country's talent pool and expanding preferential trade access as opportunities for companies looking to strengthen their competitiveness.
Addressing a trade reception in Mumbai during the Team Canada Trade Mission to India, Goyal called on Canadian companies to look beyond India's domestic market and explore its potential as a base for production and exports to other regions.
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“Please don't make India just your market.
Make it also your manufacturing base, your base for innovation and design,” Goyal said, adding that businesses could become more competitive by using India to reach markets across Asia, Africa and Latin America.
He said India had collectively opened up preferential market access covering around USD 70 trillion of global gross domestic product (GDP) through its free trade and preferential trade agreements.
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Goyal said India was also engaging with eight other countries or groups of countries over the next year to 18 months, which could add another USD 15 trillion in GDP to the markets covered by such....
