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Sustainability is a way of life for India: Goyal


Sustainability has been at the center of the G20 agenda for several years, but for India, sustainability is a way of life, trade minister Piyush Goyal said Monday at the 2023 CII Partnership Summit here.

His comments come amid increasing emphasis on sustainability by Western countries in multilateral and bilateral trade agreements. Several sustainability-related compliance measures introduced by the EU, UK and US are expected to affect suppliers in New Delhi.

Goyal said it is important that we build resilience in our economies and enforce sustainability while focusing on inclusiveness, adding that partnerships between citizens, communities and countries, when they work together in the spirit of cooperation, cooperation and sometimes competition, can collectively contribute to a more stable and prosperous future.

Businesses need to accelerate to become responsible, innovative, sustainable and equitable, but also need to identify partnerships to achieve these goals, said HE Gan Kim Yong, Minister of Trade and Industry, Republic of Singapore. He said that besides the extensive and amicable relations between the governments of India and Singapore, they also share deep and enduring friendships, kinships and shared histories and cultures.

HE Abdulla bin Touq Al Marri, Minister of Economy, United Arab Emirates said that global problems require global solutions and cannot be solved by a single nation or a small group of nations, and that significant concrete actions are needed. The UAE is committed to working bilaterally and multilaterally with international partners to tackle the world’s problems and build a more sustainable and prosperous future for all, he added.

Vikramjit Sahney, Member of Parliament, Rajya Sabha from Punjab said Skilling is the only solution to tackle global unemployment where the job shortfall stands at 473 million. At CII’s B20 summit, Sahney emphasized rural skills to generate paid employment for village youth.

Sahney added that women should have a fair share in the skills ecosystem and that student involvement at vocational school level is very important, he added.

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.