Piyush Goyal, Union Minister of Commerce and Industry addressed the inaugural session as the Chief Guest at the Bharat Calling Silver Jubilee Conference 2025 themed ‘Path to Viksit Bharat 2047: Pioneering Prosperity for All’ organized by the IMC Chamber of Commerce and Industry (IMC) today in Mumbai. Piyush Goyal placed emphasis on five key pillars for the nation’s growth story in his address – Quality, Innovation, Sustainability, Inclusive Growth, Talent and Skill Building.

Piyush Goyal in his keynote address stated that that India is on the cusp of a quality revolution, where a greater focus on excellence in manufacturing and services will position the nation as a global hub for high-quality products. He further stated that India stands at a historic juncture, navigating both challenges and immense opportunities with prospects of growth. He discussed that sustainability is a subject of caring and concern and is of a prime importance. He further mentioned that the country’s aspirational youth are driving self-sufficiency and innovation through initiatives such as Make in India, Digital India, and Startup India and underscored the importance of sustainability in India's growth journey, stressing the need to reduce pollution, promote electric mobility, and enhance energy efficiency for a greener future. He also reiterated the significance of inclusive growth, ensuring that every Indian has access to fundamental necessities such as food, shelter, healthcare, and education.

To achieve the vision of a developed nation, he asserted that India must raise its efficiency and competitiveness, drive innovation, and reduce dependence on subsidies, advocating for bold and proactive strategies over protectionist approaches. He underlined Mumbai's status as India's financial powerhouse, highlighting the city's vital role in shaping economic policies. He also urged Mumbai-based businesses to take the lead in establishing India as a global manufacturing hub and mentioned Mumbai’s industries and financial institutions has a responsibility to drive India’s global economic engagement.

In his address at the conference Sanjaya Mariwala, President, IMC said, “India is a powerhouse of innovation, poised to contribute to the global economy the Bharat way—efficiently, economically, and inclusively. I envision a stable rupee, world-class Indian institutions attracting global talent, and an education system that invests in future generations to harness the full potential of the knowledge economy. India’s greatest strength lies in its diversity. As we work towards ‘Viksit Bharat: Pioneering Prosperity for All’ by 2047, we must take decisive action for simplifying business processes, reducing government intervention, making significant infrastructure investments, setting a bold agenda, and building a Bharat that empowers its greatest resource—its people.”

Rosslyn Bates, Minister for Finance, Trade, Employment, and Training, Queensland (Australia) shared her insights as the Guest of Honour at the inaugural session and highlighted the deep commitment and the democratic values shared between both the nations. She emphasized Queensland’s commitment to strengthening trade and investment ties with India, highlighting opportunities in agriculture, technology, health, and sports and noted that India's Make in India policy has nurtured mutually beneficial collaborations, enabling businesses from both regions to expand and thrive. She also underscored the strong educational ties, with over 20,000 Indian students in Australia, and reaffirmed Queensland’s dedication to deeper engagement, marked by the Trade Minister’s recent visit to India.

The session concluded with the signing of a Memorandum of Understanding (MoU) with the Far East and Arctic Development Corporation, marking a significant step toward collaboration and development.