Union minister of commerce and industry argued that a $12 billion fund for research in India should not be equated with the same amount a company will invest in innovation in the US or Europe.
"We should stop buying German equipment now,” Goyal is seen telling Germany’s vice-chancellor and federal minister of economic affairs Robert Habeck.
The government is likely to take a call on the closure of these PSUs in a high-level meeting on October 23, as per report.
The minister said that India’s services sector has seen 55% growth in just 2 years.
According to Goyal, more onions will be procured from Madhya Pradesh and Maharashtra, as and when required.
The RBI and the Central Bank of UAE are also in discussion for other payment tools to make it a part of the UAE-India framework in the coming months.
He noted that the Startup20 Group had been established under India's G20 Presidency for the first time, as part of India's special focus on innovation.
Piyush Goyal said that decriminalising sections of various laws will end the harassment faced by businesses and reduce the compliance burden.
India has raised concerns about ignoring key issues such as temporary waiver of intellectual property rights, fisheries subsidies, and food grains, in the draft agreements.
