Union Commerce and Industry Minister Piyush Goyal addressed an event organized by CREDAI, urging the real estate industry to ensure guaranteed ESIC and provident fund registrations for the 7 crore people working in the sector. He emphasized the need for a new construction process for faster project execution with less pollution and encouraged India Inc to set up manufacturing facilities for construction equipment.
Goyal highlighted the positive impacts of guaranteed ESIC and PF registrations, including increased credibility and appreciation for providing jobs. He stressed the importance of showcasing the industry’s contribution to the economy and well-being of India. The minister also discussed the benefits of improved productivity and efficiency, leading to higher quality in the sector.
Additionally, Goyal called for collaboration between QCI and BIS to establish new standards for the construction industry. He suggested focusing on manufacturing construction equipment in India to boost self-reliance and meet the growing demand in the real estate sector.
Overall, Goyal’s address aimed to drive industry innovation, environmental sustainability, and economic growth within the real estate sector.
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