Every Partner Needs To Collaborate For India To Become 3rd Largest Economy By FY28, Says Finance Minister Nirmala Sitharaman

Every Partner Needs To Collaborate For India To Become 3rd Largest Economy By FY28, Says Finance Minister Nirmala Sitharaman

In a written message on the occasion of 'International Customs Day 2024', Sitharaman said with a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India.

PTIUpdated: Saturday, January 27, 2024, 06:23 PM IST
article-image
Nirmala Sitharaman | Image: Wikipedia

Finance Minister Nirmala Sitharaman on Saturday said the initiatives of Customs department like Faceless Assessment and Single Window Clearance need to evolve with the overall objective of growth of trade as every partner needs to collaborate to help India's GDP surpass USD 5 trillion by 2027-28.

In a written message on the occasion of 'International Customs Day 2024', Sitharaman said with a common purpose of ease of doing business for nation building during India's 'Amrit Kaal', all the stakeholders need to come together and contribute for benefits to citizen of India.

She said this year's theme of International Customs Day which is "Customs Engaging Traditional and New Partners with Purpose" resonates with the Motto of 'Sabka Saath Sabka Vikas' given by Prime Minister Narendra Modi.

"Every partner needs to collaborate to put India on course to becoming the third-largest economy by 2027-28, with a GDP surpassing USD 5 trillion," Sitharaman said.

Many initiatives taken by Customs such as Faceless Assessment, Direct Port Delivery, Single Window Clearance, AEO Scheme need to evolve with overall objective of growth of trade and business, she added.

Focus on MSMEs

Special focus on MSMEs, new startups and inclusivity will align with the vision of the prime minister, Sitharaman added. 

RECENT STORIES

Hero Xtreme 160R 2V 2024 Launch: Priced at Rs 1.11 Lakh with New Updates

Hero Xtreme 160R 2V 2024 Launch: Priced at Rs 1.11 Lakh with New Updates

Lulu Group Aims To Up Agricultural Sourcing From India To ₹15,000 Crore In 2 Years: CMD

Lulu Group Aims To Up Agricultural Sourcing From India To ₹15,000 Crore In 2 Years: CMD

Thinstant Classic: Apple Watch Series 10

Thinstant Classic: Apple Watch Series 10

Tolins Tyre IPO Day 2: Public Issue Subscribed 5.2 Times; Retail Investor's Portion Receives 8.39x...

Tolins Tyre IPO Day 2: Public Issue Subscribed 5.2 Times; Retail Investor's Portion Receives 8.39x...

The Western Carriers IPO: ₹500 Crore Public Issue Opens On September 13; Know Everything About It

The Western Carriers IPO: ₹500 Crore Public Issue Opens On September 13; Know Everything About It