**Executive Summary**
Union Minister Shri Piyush Goyal addressed the Confederation of Indian Industry (CII) IndiaEdge event, emphasizing innovation, quality, and efficiency as key drivers for India's manufacturing competitiveness. He highlighted the government's efforts to support economic progress and the importance of industry collaboration. The address was made on December 3rd, 2025.
**Key Points / Main Content**
* **Economic Growth and Diversification:**
* The government is working to support the country's economic progress.
* India's manufacturing output has diversified into electronics, white goods, chemicals, and petrochemicals.
* **Competitiveness and Supply Chains:**
* Industry needs to remain competitive and responsive to global developments.
* Resilient supply chains are essential, avoiding overdependence on specific geographies.
* Areas for domestic capacity building and supply chain control must be identified.
* **Industry Collaboration and Regulatory Environment:**
* Industry collaboration is vital for expanding manufacturing output.
* Simplifying procedures and improving regulatory systems are encouraged.
* Government efforts include easing compliance, removing obsolete provisions, and modernizing legal frameworks.
* The introduction of the four Labour Codes is underway.
* **Labour Codes and MSMEs:**
* 23 States have framed corresponding rules for the Labour Codes.
* The Codes will enhance formalization, ensure minimum wages, and strengthen social security and workplace safety.
* Timely payments to MSMEs are crucial for easing cash flow constraints and supporting productivity.
* **National Focus:**
* The emphasis remains on Swadeshi and self-reliance to strengthen domestic manufacturing.
* Collective efforts of industry and Government are essential for achieving Atma Nirbhar Bharat and Viksit Bharat 2047.
**Impact Analysis**
* **Industry:**
**Impact:** Must remain competitive and responsive to global developments, collaborate to expand manufacturing output, provide suggestions on simplifying procedures, and contribute to achieving Atma Nirbhar Bharat and Viksit Bharat 2047.
**Action Required:** Identify areas for domestic capacity building, provide suggestions for regulatory improvements, and support government initiatives.
* **MSMEs:**
**Impact:** Benefits from timely payments, which ease cash flow constraints and support productivity.
**Action Required:** None explicitly stated, but the expectation is that they benefit from improved payment practices.
* **State Governments (e.g., Uttar Pradesh, Odisha):**
**Impact:** Encouraged to continue making rapid progress to increase local opportunities and reduce migration.
**Action Required:** Continue efforts to improve the manufacturing environment.
* **Government:**
**Impact:** Responsible for supporting economic progress, easing compliance, removing obsolete provisions, modernizing legal frameworks, and achieving Atma Nirbhar Bharat and Viksit Bharat 2047.
**Action Required:** Continue implementing Labour Codes, focus on Swadeshi and self-reliance, and support industry collaboration.
Key Entities Referenced
Ministry of Commerce & Industry: The ministry responsible for trade and commerce policies and is the primary source of the announcement.
Piyush Goyal: The Union Minister of Commerce and Industry; his statements are the subject of the announcement.
Atma Nirbhar Bharat: A government initiative to promote self-reliance in India.
Labour Codes: A set of labor laws aimed at streamlining regulations and improving compliance.
Confederation of Indian Industry (CII): An industry association that organized the IndiaEdge event where the minister spoke.
Ministry of Commerce & Industry
Innovation and Efficiency Key to Strengthening
India’s Manufacturing Sector: Union Minister Shri
Piyush Goyal
Indian industry must be competitive and responsive to global
developments: Shri Goyal
प्रव तथ: 03 DEC 2025 6:50PM by PIB Delhi
The Union Minister of Commerce and Industry Shri Piyush Goyal highlighted the importance of
innovation, quality, design, sustainability and efficiency as key drivers of India’s manufacturing
competitiveness while addressing the IndiaEdge event organised by the Confederation of Indian Industry
(CII) in New Delhi today.
Shri Goyal said that the Government, under the leadership of Prime Minister Shri Narendra Modi, is
working with a clear vision to support the country’s economic progress. He referred to recent growth
trends across agriculture, services and manufacturing, and pointed out that India’s manufacturing output
has diversified into newer areas such as electronics, white goods, chemicals and petrochemicals.
The Minister highlighted the need for industry to remain competitive and responsive to global
developments. He said that recent disruptions have underscored the importance of resilient supply chains
and cautioned against overdependence on specific geographies. He emphasised the need to identify areas
where domestic capacity and greater control over supply chains are essential.
Shri Goyal stated that industry collaboration is vital for expanding manufacturing output and noted that
growth in manufacturing will further accelerate growth in services. He added that as India strengthens its
presence in global markets, it must simultaneously remain open to competitive practices within the
domestic economy.
The Minister observed that several States, including Uttar Pradesh and Odisha, have recorded rapid
progress in recent years, resulting in increased local opportunities and reduced migration. He encouraged
industry to provide suggestions on simplifying procedures, improving regulatory systems and
strengthening the manufacturing environment. He noted ongoing Government efforts to ease compliance,
remove obsolete provisions and modernise legal frameworks, including the introduction of the four
Labour Codes. He said that 23 States have framed corresponding rules and that the Codes will enhance
formalisation, ensure minimum wages and strengthen social security and workplace safety.
Shri Goyal underlined the importance of timely payments to MSMEs and said that prompt clearing of
dues would significantly ease cash flow constraints and support MSME productivity and growth.
The Minister also emphasised the long-standing national focus on Swadeshi and self-reliance, noting their
relevance in strengthening domestic manufacturing capabilities. He said that collective efforts of industry
and Government will be essential in advancing the vision of Atma Nirbhar Bharat and achieving thenational goal of Viksit Bharat 2047.
***
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