India poised to become $ 35 trillion economy in 24 years, says Goyal

15 Jan 2024 CW Team

Highlighting India's status as a significant and reliable economy, Goyal praised the global interest in investments, referring to a meeting with a US investment firm intending to double its $ 13-billion investment. The Entrepreneur of The Year award was presented to Swarup Bose of Celcius Logistics Solutions, while Mohammad Hamza of Engineering & Environmental Solutions received recognition as the Young Entrepreneur of The Year, and Jayashree Nair of BDH Industries was honoured as the Women Entrepreneur of The Year.

In a fireside chat, V Vaidyanathan, MD & CEO of IDFC FIRST Bank, remarked that the positive outlook for MSMEs (Micro, Small, and Medium Enterprises) is a result of the combined efforts of the government, the Reserve Bank of India, and banks. He pointed out the significance of robust asset quality, digitisation, and continuous infrastructure investments, which empower micro-entrepreneurs in India. He stated, "The optimistic perspective towards MSMEs is a result of collaborative efforts by the government, RBI, and banks, coupled with strong asset quality, digitisation, and ongoing infrastructure investments."

Vaidyanathan also highlighted India's achievement in formalising the economy, especially for MSMEs, through digital connectivity, including Aadhaar and Bharat's optic network. He noted, "India has achieved a remarkable milestone in formalising the economy, particularly for MSMEs, with the help of digital connectivity, including Aadhaar and Bharat's optic network." He mentioned that over 100 million merchants now engage in digital transactions through QR codes, facilitating trade and supporting micro-businesses.

The jury panel for the awards included Harsh Mariwala, Chairman of Marico, and Arundhati Bhattacharya, Chairperson and CEO of Salesforce.

There is a widespread anticipation concerning India on a global scale, and the nation finds itself at a pivotal moment, poised to transition into a $ 35-trillion economy over the next 24 years, marking an era of unparalleled growth, as stated by Piyush Goyal, the Minister of Commerce and Industry.Goyal expressed, We stand on the verge of a historical chapter for our nation, one that will propel India into a high-growth economic trajectory.Highlighting India's status as a significant and reliable economy, Goyal praised the global interest in investments, referring to a meeting with a US investment firm intending to double its $ 13-billion investment. The Entrepreneur of The Year award was presented to Swarup Bose of Celcius Logistics Solutions, while Mohammad Hamza of Engineering & Environmental Solutions received recognition as the Young Entrepreneur of The Year, and Jayashree Nair of BDH Industries was honoured as the Women Entrepreneur of The Year. In a fireside chat, V Vaidyanathan, MD & CEO of IDFC FIRST Bank, remarked that the positive outlook for MSMEs (Micro, Small, and Medium Enterprises) is a result of the combined efforts of the government, the Reserve Bank of India, and banks. He pointed out the significance of robust asset quality, digitisation, and continuous infrastructure investments, which empower micro-entrepreneurs in India. He stated, The optimistic perspective towards MSMEs is a result of collaborative efforts by the government, RBI, and banks, coupled with strong asset quality, digitisation, and ongoing infrastructure investments. Vaidyanathan also highlighted India's achievement in formalising the economy, especially for MSMEs, through digital connectivity, including Aadhaar and Bharat's optic network. He noted, India has achieved a remarkable milestone in formalising the economy, particularly for MSMEs, with the help of digital connectivity, including Aadhaar and Bharat's optic network. He mentioned that over 100 million merchants now engage in digital transactions through QR codes, facilitating trade and supporting micro-businesses. The jury panel for the awards included Harsh Mariwala, Chairman of Marico, and Arundhati Bhattacharya, Chairperson and CEO of Salesforce.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..