New Delhi, May 19: Union Minister of State for Commerce and Industry, Jitin Prasada, stated on Tuesday that India should not be viewed merely as a consumer market. Instead, it should be recognized as a long-term investment partner where global companies can collaborate with Indian businesses to contribute to the nation’s growth journey.
Speaking at the ‘India Business Reforms Summit 2026’ organized by the industry body ASSOCHAM, Prasada noted that India’s economic transformation is no longer confined to metropolitan areas. Economic activities are rapidly increasing in smaller towns and rural regions, creating a significant domestic market for businesses and investors.
He emphasized, “Change in India is happening at the grassroots level. It is not limited to our metro cities. This is why we are becoming the world’s largest market.”
The minister urged foreign investors to see India not just as a consumer market but as an active partner in its manufacturing and business ecosystem. “I tell investors, especially foreign ones, not to view India merely as a market. We want to partner with you. We want you to invest in India,” he stated.
Prasada highlighted that the rule of law and a transparent business environment in India are strengthening investor confidence. This has increased trust among both domestic and foreign companies.
He remarked, “Under this government, there is the rule of law in India. There is transparency, and everyone gets equal opportunities. The era of shortcuts is over.”
The minister also emphasized the role of recent Free Trade Agreements (FTAs), stating that they have opened new global markets for Indian entrepreneurs, particularly for Micro, Small, and Medium Enterprises (MSMEs).
“These FTAs have opened markets that were previously unimaginable. Our MSMEs will become the biggest engines of growth in the coming times,” he added.
Prasada further mentioned that the government’s industrial strategy focuses on enhancing value addition, strengthening logistics infrastructure, and increasing manufacturing competitiveness.
He explained that initiatives like the Gati Shakti portal, logistics policy, and export promotion are helping India rapidly become a global manufacturing hub.
“We aim to increase our share in the value chain. This is not limited to manufacturing but is based on tangible results. Our Gati Shakti portal, logistics policy, and export promotion policies are ensuring that India is moving forward swiftly,” he concluded.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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