The Central Government is committed to creating a business-friendly investment climate, ensuring regulatory stability, and enhancing the Ease of Doing Business (EoDB) in India. Union Minister of Commerce & Industry Shri Piyush Goyal reiterated this during his virtual address at the Pune International Business Summit 2025, organised by the Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) on January 24, 2025.

Shri Goyal highlighted that Prime Minister Shri Narendra Modi’s recent visits to the USA and France have strengthened investment opportunities and global partnerships. He noted that the summit aims to explore emerging trade trends, strengthen business alliances, and emphasise the role of Small and Medium Enterprises (SMEs) in achieving ‘Viksit Bharat.’ With representatives from over 20 countries attending, the event reflects growing global confidence in India’s economic resilience.

The Minister underscored the Union Budget’s support for entrepreneurs and startups, citing a Rs 100 billion Fund of Funds for Startups and a Deep Tech Fund to boost innovation. He also pointed to a significant commitment towards research and development, with an estimated Rs 200 billion allocated to the Anusandhan National Research Foundation (ANRF). Further, he mentioned a high-level committee, an investment-friendly index, and Jan Vishwas 2.0 as key initiatives reinforcing trust-based governance.

Pune, often referred to as the ‘Detroit of the East,’ is a hub of innovation and industry, setting new benchmarks across sectors. Shri Goyal noted that the city’s ecosystem makes it the ideal venue for events that promote collaborations and economic progress. He commended MCCIA for bringing together industry leaders and visionaries, stating that the 90-year-old association has played a transformative role in empowering businesses and driving Maharashtra’s and India’s growth.

Industry Outlook: India’s Economic Expansion & Global Positioning India’s business ecosystem is undergoing rapid transformation, with increased foreign investments, policy reforms, and innovation-driven growth. The government’s focus on fostering entrepreneurship, funding R&D, and enhancing global trade partnerships is expected to strengthen India’s position as a global economic powerhouse. As the country progresses towards ‘Viksit Bharat,’ sustained efforts in infrastructure, technology, and regulatory reforms will play a crucial role in shaping a competitive and investor-friendly economy.

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