Piyush Goyal, the Union minister of Commerce and Industry has showered praises on Telangana’s wide variety of agricultural productions such as Chilli, cotton, spices, turmeric and a few varieties of rice grown in the state and he also praised the special Cheriyal paintings from the state. He said the trade community should focus on quality to tap the international opportunities during his discourse on Enhancing global opportunities for Indian manufacturers, chaired by FTCCI.
In 2021, the exports were $675 billion and till September this year the growth in exports has been 17%. The exports this year are speculated to reach $750 billion. Goyal said Hyderabad still continues to have influence of what he called the Mughal culture and colonial hangover. While referring to Hyderabad as the land og Bhagyalakshmi Temple, Goyal chose to avoid mentioning Charminar. He also used the trade platform to pitch a double engine sarkar for Telangana. He asked the cotton industry stakeholders to discuss a strategy to ensure traceability of cotton and better value of cotton products. To ensure food security domestically, the Centre has imposed export restrictions.
Anil Agarwal, the president of FTCCI, flagged the challenges faced by the micro, small and medium enterprises. The ease of doing ranking should be outcome-based and not merely on implementation of reforms. The trade has seen supply chain disruptions.