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Rupee performed well compared to other global currencies due to strong forex reserves: Piyush Goyal
Feb-21-2025

Union Commerce Minister Piyush Goyal said that the Indian rupee has performed well compared to other global currencies due to the country's strong foreign currency reserves. He also said that a skill development centre and a startup incubation centre will come up at AURIC (the industrial node of Shendra and Bidkin) in the near term. Talking about the downfall of the Indian rupee he said, the Indian rupee has strengthened in comparison to the emerging economies of the country. After US elections almost all the currencies across the globe have come down. But India had good reserves of foreign exchange so the Indian rupee performed better than that of other currencies.

The minister further said the government has decided to start a skill development centre in AURIC which spread over 20 thousand square feet along with a startup incubation hub of 10 thousand square feet, which will help to boost employment and research. Further, the government has decided to start 100 plus industrial hubs in different parts of the country with plug-and-play infrastructure, which will be a hotspot of industrial growth.

Talking about the undeveloped industrial plots, he said the proposals come when someone demands lands for industrial purposes. The government has given instruction to study these proposals and see why the units are not established even after a long period of buying the plot. About the lack of land at AURIC as the land in possession of Maharashtra Industrial Township (MITL) he said, he has spoken to CEO, MIDC (Maharashtra Industrial Development Corporation) over it and will talk to CM Devendra Fadnavis for the same.

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