India aspires to grow at an unprecedented scale in Amrit Kaal: Piyush Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal yesterday said that India aspires to grow at an unprecedented scale in Amrit Kaal. Interacting with the Minister of Investment, Saudi Arabia, Khalid A. Al-Falih, Mr Goyal highlighted the significance of the G20 Summit 2023 organized in New Delhi and also appreciated the organization of Startup20 under India's G20 Presidency. He said, both countries are the two fastest-growing economies in the world today.

 

The Minister also talked about how the trade between the



two countries could be doubled which stands at about 52 billion dollars presently and can be taken up to 200 billion dollars. The Union Minister invited the Saudi investors to visit Gujarat International Finance-Tech City and bring investment.

 

He said that the investors would appreciate that India’s regulatory mechanism has been simplified. He pointed out that India has brought about tax rebates and made it seamless to move funds in and out of the GIFT city.