New Delhi: Union Commerce Minister Arun Jaitley said on October 4 it was time India prepared itself to make some concessions to achieve larger gains at the World Trade Organisation (WTO), which he said was nothing but a market.

"We should be prepared to give two things to get 10 things in return...We have to bring that kind of maturity which should also reflect in our stand at the WTO," he said at a function organised by Akhil Bharatiya Vidyarthi Parishad.

WTO, after all, was neither a church nor a temple, but a market, he said.

"We have to learn the rules of the game and play accordingly to protect and promote our interests to bring gains to the country."

He said India was poised to emerge as major healthcare destination in the world as also a superpower in supplying cheap drugs to countries, which did not have manufacturing capability.

"It's time we be prepared to take the leap forward... We have to learn to be competitive and take on not just in services but also goods," Jaitley said.

The minister said biggest "success" of the WTO Ministerial meeting at Cancun, which failed to produce a draft declaration, was that developing countries remained united till the end to protect their interest.

The equilibrium at WTO had changed for the better, he said, adding for the first time in WTO's history there were equitable negotiations between the developed world and the developing countries led by India, Brazil and China.

PTI