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PM Modi opens India’s new Commerce Ministry HQ

Prime Minister Narendra Modi has inaugurated the new premises of the Ministry of Commerce and Industry - 'Vanijya Bhawan'.

Besides, Modi also launched a new portal called NIRYAT-- a one-stop place for all info needed for India's foreign trade. During the inaugural ceremony, Modi said this new premise and the portal are a symbol of both physical and digital infrastructure, and it would reflect India's aspiration of 'Atma Nirbhar Bharat' or a self-reliant India.

He went on to say that providing 'Ease of Access' to citizens is India's priority, and access to government policy formulations and banking to the citizens were the key facets of the past 8 years' governance model.
Further, the benefits of the government schemes reaching all sections of people, without any form of discrimination, can only ensure 'Sabka Vikas' or welfare for all, he said.

Giving reference to the previous governments, he said that projects were earlier announced for the sake of "political interest" but there were no guarantees about the completion of such projects.

"They were not serious about the completion of the projects. This new building (getting completed on time) is an example of how we have changed the mindset," Modi said.

Government's projects completed on time, and schemes reaching their goals are nothing but giving respect to the taxpayers of the country, he said.

Counting on the benefits of the ease of doing business in the country, he said there were less than 500 registered FinTech start-ups in the country till 4 years ago, which has now risen to over 2,300.

During the same period, recognised start-ups per year have risen from 8,000 to over 15,000 units.

Moreover, he added that exports are vital to a country's progress and initiatives like 'Vocal for Local' have also accelerated the country's exports.


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