The Commerce Minister also said that MSMEs have more practical solutions, day to day experiences, and having learnt the hard way, are able to adapt to circumstances better than large companies.
All the other 13 Indo-Pacific Economic Framework for prosperity countries have joined the four pillars -- trade, supply chains, clean economy, and fair economy.
Others who took oath are Vivek K. Tankha, K. Laxman, Laxmikant Vajpayee, Kalpana Saini, Sulata Deo and R. Dharmar. Fourteen of the 57 members were re-elected to the House.
This year coincides with the World Economic Forum's 50th anniversary and 35 years of the Forum's collaboration with India.
The party has fielded Union ministers Nirmala Sitharaman from Karnataka and Piyush Goyal from Maharashtra.
In addition, Goyal said that the UAE-India partnership is destined to play an important role in the global economy and in ensuring a better future for billions of people around the world. "This will be a defining partnership for the 21st century."
Piyush Goyal On Rising Petrol & Food Commodities Prices In India
The minister said that the detailed text of the pact has been released in public domain and now we are trying to complete all our paperwork, all the customs notifications expeditiously. We hope it can be operationalised by May 1, 2022 .
Of all the cases registered, 60 per cent of them are under section 33 penalty for use of unverified weights and measures; 25 per cent of them are under section 36 (1) penalty for selling of non-standard packaging and 8-10 per cent are under section 25 penalty for use of non-standard weights and measures, the Minister said.
Air India's first evacuation flight departed from Romanian capital Bucharest on Saturday afternoon for Mumbai with 219 Indian nationals who were stranded in Ukraine due to the ongoing Russian military offensive, officials said.
Quoting Steve Jobs, "The people who are crazy enough to think they can change the world are the ones who do," Goyal said the country's women have again proved their capabilities.
Goyal asked to plan for modern infrastructure and logistics. "Upgrade warehouses to international standards. Improve storage capacity for the growing need - power back-up, CCTV, robust network facility," he said.
The minister on the occasion unveiled 'LEAP' -- Leverage, Encourage, Access and Promote -- as the way forward for startups.
The minister advised the officials to properly implement SAMARTH, the skill development initiatives of the ministry. He emphasised on the use of technology for effective monitoring for better outcomes.
"Prime Minister (Narendra Modi) before even becoming the Chief Minister of Gujarat had given the concept of 3S - Speed, Skill and Scale. It's now time to change it to 4S - Speed, Skill, Scale and Standards," he said.