November 24, 2024
Finance Minister Nirmala Sitharaman Calls for Bharat FDA to Set Global Pharmaceutical Standards
 #IndiaFinance

Finance Minister Nirmala Sitharaman Calls for Bharat FDA to Set Global Pharmaceutical Standards #IndiaFinance

CashNews.co

Sitharaman further said that people outside India are willing to recognize the brand of India, which dominated in science. She took the example of Austrian-Irish physicist Erwin Schrödinger, who had said that most of his ideas and theories were heavily influenced by Vedanta. “We need to continue with it, and Brand Bharat should speak for excellence in science and, of course, now technology,” she said.

The minister also said that India should use the advent of quick commerce to brand India as a destination of innovative solutions. “Our gig economy startups, especially quick commerce, for instance, are truly one of the kinds of innovation that only India has. Use this to brand India as a destination of innovative solutions to modern urban needs,” she said.

This will serve as an incentive or call to scale up internationally, catapulting Indian enterprises with a strong Bharatiya identity to become some of the biggest players in the international tech business space, she further said.

However, the advent of this does not mean brick-and-mortar shops are not doing well. While they are being challenged by quick commerce, they need to be supported, the minister added.

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