Government committed to fostering business climate, enhance Ease of Doing Business: Union Minister of Commerce and Industry, Mr. Piyush Goyal

The Centre is committed to fostering a favorable investment climate, ensuring regulatory stability, and improving the Ease of Doing Business (EoDB) in India, Union Minister of Commerce and Industry, Mr. Piyush Goyal, stated at the Pune International Business Summit 2025, organized by the Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA). He highlighted that Prime Minister Mr. Narendra Modi’s recent visits to the USA and France have strengthened investment opportunities and global collaborations. The two-day summit, with representatives from over 20 countries, aims to explore emerging trade trends, build strong alliances, and highlight the crucial role of Small and Medium Enterprises (SMEs) in driving Viksit Bharat. 

He emphasized that the Union Budget reinforces India’s commitment to entrepreneurship with a Rs. 10,000 crore (US$ 1.14 billion) Fund of Funds for Startups and a Deep Tech Fund to support innovation. Additionally, a Rs. 20,000 crore (US$ 2.29 billion) investment for the Anusandhan National Research Foundation (ANRF) will boost research and development (R&D), supported by a high-level committee, an investment-friendly index, and Jan Vishwas 2.0 to strengthen trust-based governance. He praised Pune’s role as the Detroit of the East, recognizing its leadership in innovation and industry, and commended MCCIA for its 90-year legacy of empowering entrepreneurs and driving growth in Maharashtra and across India. 

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