India`s FTAs with developed economies provide opportunities for startups, entrepreneurs: Piyush Goyal
India has stepped up efforts to deepen global economic engagement by signing a series of Free Trade Agreements (FTAs) with developed economies, and Union Minister for Commerce and Industry Piyush Goyal sees these agreements as significant opportunities for startups and entrepreneurs. He further noted that these agreements create certainty and confidence for investors while opening new markets for Indian goods and services.
He encouraged startups to explore startup-to-startup collaborations and partnerships with countries abroad to attract investment and expand globally, highlighting opportunities across services, mobility, payments, sustainability, renewable energy and advanced technologies. On deep-tech innovation, the Minister expressed optimism about the progress being made across the country. He noted that recent policy discussions have brought sharper focus to deep-tech development and said that the second Rs 10,000-crore Startup Fund of Funds announced by the Government will significantly support deep-tech startups, particularly at early and critical stages of growth.
Goyal emphasized the importance of building strong domestic supply chains by connecting startups and small enterprises with large investors and manufacturers. He stated that institutions such as Invest India and DPIIT are working to facilitate these linkages, enabling startups to access captive demand, capital and scale. He encouraged entrepreneurs to explore emerging opportunities, take calculated risks and leverage India’s unmatched talent base to drive innovation-led growth.
