Union Commerce and Industry Minister Piyush Goyal recently emphasized the importance of quality in India’s manufacturing and export sectors. Speaking at the National Quality Conclave, he outlined a bold vision for the future of Indian trade.
Goyal stressed that to realize Prime Minister Narendra Modi’s goal of a “zero defect, zero effect” manufacturing approach, India must shift from being a consumer-driven country to a reliable global producer. “Brand India should stand for reliability, trust, and excellence,” he noted, advocating for a strong reputation worldwide.
India aims to boost its exports to $2 trillion, with an equal split between goods and services over the next six to seven years. Goyal pointed out that this ambitious target can only be met if Indian products align with the highest global quality standards.
He highlighted India’s recent free trade agreements with 38 countries, covering a significant portion of the globe’s economy. These agreements are set to open doors in industries like textiles, leather, footwear, and pharmaceuticals. However, for Indian businesses to fully leverage these opportunities, maintaining exceptional quality is crucial.
Despite the potential, India’s share in global trade, particularly in labor-intensive sectors, remains modest. Goyal urged local businesses to enhance quality in both domestic and export markets. He recalled a time when “export quality” was the standard, advocating for uniform quality for both domestic and international products.
In addition, a recent survey by the Quality Council of India revealed that consumers are becoming increasingly quality-conscious. Over 70% of respondents stated they would pay more for products that meet high-quality standards. This shift indicates a growing demand for reliability, which can drive future growth for Indian manufacturers.
For more insights on quality standards in India, you can refer to the Quality Council of India for further information on their initiatives.
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Piyush Goyal, Narendra Modi, PM Modi
