He added that the Indian aviation sector has been growing at the rate of 20 per cent for the last four years -- the highest in the world -- and led by Prime Minister Narendra Modi's vision, the country is ready with a robust growth strategy to pave the way forward.
The commerce and industry ministry has sent the final proposal of new industrial policy to the Cabinet for approval, Union minister Suresh Prabhu said.
Commerce and Industry Minister Suresh Prabhu is leading a delegation for the meeting for trade ministers of RCEP member countries, which are negotiating a mega trade deal, in Singapore, beginning Monday.
The government is working to set up a Domestic Gold Council to promote the growth of the sector and boost exports of jewellery, Commerce and Industry Minister Suresh Prabhu said.
The government will work on promoting the growth of the education sector to help increase the share of overall service sector in the country's economy, Commerce and Industry Minister Suresh Prabhu said.
Commerce and Industry Minister Suresh Prabhu hinted at improvement in India's ranking in the World Bank's ease of doing business report, to be released.
Russia has expressed interest in investing in projects like Delhi-Mumbai Industrial Corridor (DMIC) and smart cities besides railways, and public transport, Commerce and Industry Minister Suresh Prabhu has said.
Commerce and Industry Minister Suresh Prabhu has said India and the US have exchanged offers for a possible trade deal with a view to resolving issues related to bilateral commerce.
Goa Agriculture Minister Vijai Sardesai met Union Commerce Minister Suresh Prabhu in New Delhi to find ways for the resumption of the mining sector in the coastal state.
Expressing concern over farm populism during elections, Vice President Venkaiah Naidu said crop loan waiver cannot be a permanent solution for problems in the agri sector and a long term plan needs to be put in place to tackle new challenges in the sector.