1 week ago
Goyal Says India Can Create 1,580 Successful Suzukis
Piyush Goyal said India has a very young workforce.
The average age of working people is under 30.
He said this advantage may continue for many years.
Goyal used Suzuki’s business in India as an example of success.
He said Suzuki’s Indian operations are among its biggest and most profitable.
He also said their market value is higher than that of Suzuki’s parent company.
An event included representatives from 1,580 companies.
Goyal said India wants all of these companies to grow like Suzuki in India.
This is why he referred to creating 1,580 Suzukis.
Union Commerce and Industry Minister Piyush Goyal highlighted India’s young workforce, with an average age below 30.
Goyal said India’s working population is expected to remain relatively young for decades.
He cited Suzuki’s Indian operations as among the company’s largest and most profitable businesses.
He said Suzuki’s Indian market capitalization is now higher than that of its parent company.
Goyal said India aims to develop 1,580 companies into businesses comparable to Suzuki’s Indian operations.
- Who
- Union Commerce and Industry Minister Piyush Goyal and representatives of 1,580 companies.
- What
- Goyal said India could create 1,580 companies with success comparable to Suzuki’s Indian operations.
- Where
- India and Suzuki’s Indian operations were discussed; the event location was not specified.
- When
- At an event; the date was not specified.
- Why
- Goyal cited India’s young workforce and the success of Suzuki’s Indian business as reasons for the opportunity.
Key facts
- Speaker
- Piyush Goyal, Union Minister for Commerce and Industry
- Workforce age
- India’s average working-population age is under 30
- Demographic outlook
- Goyal said India’s workforce is expected to remain young for decades
- Companies represented
- 1,580 companies
- Business example
- Suzuki’s Indian operations
- Suzuki comparison
- Goyal said Suzuki’s Indian market capitalization is higher than that of its parent company
- Stated goal
- Create 1,580 companies with a growth trajectory comparable to Suzuki in India
Sources
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