India will wear a grand necklace of industrial parks, says commerce and industry minister Piyush Goyal

India will create a golden quadrilateral of industrial parks that will lift investment further, commerce and industry minister Piyush Goyal said, while pledging more measures to help industry grow. The minister said a policy for the ecommerce sector is being worked on, brushing aside concerns that the reform momentum was faltering because a coalition government was at the helm. "Our effort is to create a web of industrial parks across the country... This golden quadrilateral of industrial parks will add to investments," he told ET in an interview.

Goyal said the parks will be located across the country like a necklace and that the government is looking at the concept of anchors or large industries for them. MSMEs will dot the ecosystem, working around these anchors. The industrial parks, he said, are the enablers that will take India's exports to the targeted $2 trillion by 2030.

Citing PM Narendra Modi's Independence Day speech, Goyal said he was gung-ho on reforms and taking India to the next level.


"Lateral entry is not the end of the world in terms of reform," Goyal said, referring to a recent measure that had been scrapped by the government, asserting that policy changes were taking place in a thousand ways.

Asked about any move to ease curbs on imports from China, the minister said: "There's a whole wide world from where industry can get equipment." He pointed out that the government is trying to be as accommodating as it can for the companies that have already sourced equipment from China.

Goyal said there was scope for "greater flexibility and ease of investment" for foreigners. The trendline of FDI, after segregating extraordinary items, is "unrelenting", he said.