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Rss Feed India, UK to continue free trade agreement negotiations till end of August: Commerce ministry The commerce ministry has said Indian and UK officials will continue their negotiations till the month-end to iron out differences on the proposed free trade agreement (FTA). It said this meeting will be followed by a review at the higher level. Following the G20 Trade and Investment Ministers Meeting (TIMM) at Jaipur, the progress of the negotiations was reviewed by Commerce and Industry Minister Piyush Goyal and UK's Secretary of State for Trade Kemi Badenoch on August 26. It said &#...
Rss Feed India, UK to continue free trade agreement negotiations till end of August: Commerce ministry
Rss Feed India, UK to continue free trade agreement negotiations till end of August: Commerce ministry
Source: Accord Fintech
28/08/2023 10:10:44 AM
Chinese minister says India free to join RCEP trade bloc India is free to join the Regional Comprehensive Economic Partnership (RCEP), China's Vice Commerce Minister Wang Shouwen said on Friday in New Delhi, adding that it would boost trade between India and China which is growing "very fast". The RCEP is the world's largest trade bloc backed by China and groups 15 Asia-Pacific economies, including Australia, Japan, New Zealand and 10 member-states of the Association of Southeast Asian Nations (ASEAN). Relations have soured ...
Chinese minister says India free to join RCEP trade bloc
Chinese minister says India free to join RCEP trade bloc
Source: Reuters
26/08/2023 10:07:29 AM
Hon`ble Union Minister Mr. Piyush Goyal and French Foreign Trade Minister Mr. Olivier Becht Jointly Inaugurate `NAVARATAN` Exhibition at G20 TIMM being held in Jaipur Hon’ble Minister of Commerce & Industry, Shri Piyush Goyal, and Mr. Olivier Becht, Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad, Government of France, who are currently attending the G20 Trade and Investment working group meetings (TIMM) in Jaipur, inaugurated the “NAVARATAN” exhibition, which is held on the sidelines of the G20 TIMM at the Chandra Mahal, Sawai Man Singh Mahal, Rambagh Palace Hotel, Jaipur. Part of a series ...
Hon`ble Union Minister Mr. Piyush Goyal and French Foreign Trade Minister Mr. Olivier Becht Jointly Inaugurate `NAVARATAN` Exhibition at G20 TIMM being held in Jaipur
Hon`ble Union Minister Mr. Piyush Goyal and French Foreign Trade Minister Mr. Olivier Becht Jointly Inaugurate `NAVARATAN` Exhibition at G20 TIMM being held in Jaipur
Source: PR Agency
25/08/2023 4:56:49 PM
India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that India's trade deficit is falling at a rapid pace and the exports are expected to see positive growth in the coming months. He said that countries in the world are facing a slowdown and global trade is relatively weak right now.  Given the challenging situation, the minister said high interest rates, and cut down in discretionary spending have led to a fall in the exports of ready-made apparel and the gem and jewellery secto...
India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal
India`s trade deficit falling at rapid pace; exports to see positive growth in coming months: Piyush Goyal
Source: Accord Fintech
25/08/2023 11:25:25 AM
Ongoing negotiations between India, UK on FTA progressing `extremely well`: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said the ongoing negotiations between India and the UK on a free trade agreement (FTA) are progressing ‘extremely well’ and it is expected to conclude at an early date. Goyal said both sides are confident that they will come out with a very balanced, equitable and fair agreement in the interest of businesses and people of both the countries. Talking about the UK's demand on import duty concessions on auto, whiskey and dairy pr...
Ongoing negotiations between India, UK on FTA progressing `extremely well`: Piyush Goyal
Ongoing negotiations between India, UK on FTA progressing `extremely well`: Piyush Goyal
Source: Accord Fintech
25/08/2023 10:58:12 AM
Centre starts onion procurement at Rs 2,410 per quintal to protect farmers` interests: Piyush Goyal Union Minister Piyush Goyal on Tuesday said the Central government has started onion procurement at Rs 2,410 per quintal in Maharashtra to protect farmers amid export curbs. "NCCF and NAFED had started the sale of onions at subsidised rate of Rs 25 per kg to consumers across the country on Monday. Today, a further boost will be given. Both consumers and farmers are precious for us. I urge the farmers to not worry, and sell their produce at good price," Goyal said in a press confe...
Centre starts onion procurement at Rs 2,410 per quintal to protect farmers` interests: Piyush Goyal
Centre starts onion procurement at Rs 2,410 per quintal to protect farmers` interests: Piyush Goyal
Source: IANS
22/08/2023 2:25:33 PM
Nadda hoists Tricolour at BJP headquarters BJP national president Jagat Prakash Nadda on Tuesday hoisted the Tricolour at the party headquarters here on the occasion of 77th Independence Day. Union Minister  for Commerce and Industry Piyush Goyal, senior leaders and party workers were present. Earlier, the BJP chief  in a post on social media extended his warm wishes to the people of the country on the occasion. "Best wishes to the countrymen on the auspicious occasion of Independence Day," Nadda wrote on ...
Nadda hoists Tricolour at BJP headquarters
Nadda hoists Tricolour at BJP headquarters
Source: IANS
15/08/2023 12:48:26 PM
Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by certain countries Commerce and Industry Minister Piyush Goyal has expressed concerns over mis-pricing, under-invoicing and imposition of non-tariff barriers by certain countries as it impacts international trade. He stressed upon building trust among each other and expressed strong belief in small, achievable, incremental steps towards WTO (World Trade Organisation) reform. These issues were flagged by Minister during the 13th BRICS Trade Ministers’ Meeting. BRICS is a grouping of Brazil, Russia, India, ...
Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by certain countries
Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by certain countries
Source: Accord Fintech
9/08/2023 12:10:44 PM
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors With an aim of facilitating collaboration and sharing best practices among startups, investors, incubators, and aspiring entrepreneurs, Union Minister of Commerce and Industry, Textiles, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said that India will be launching the BRICS Startup Forum in 2023. While highlighting the transformation that has taken place in India, Goyal also commented on the expanding Startup India initiative that has led to the creation of nearly...
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
Source: Accord Fintech
8/08/2023 1:48:58 PM
India, LAC countries need to collaborate in tourism, hospitality, investment flows: Piyush Goyal Commerce and Industry Minister Piyush Goyal has pitched for increasing collaboration between India and LAC countries in areas such as tourism, hospitality and promoting investment flows. Latin America and the Caribbean (LAC) Region nations include Belize, Ecuador, Nicaragua, Brazil, El Salvador, Panama, Chile, Guatemala, Peru, Costa Rica, Guyana, and Suriname. Goyal said huge opportunities are there in both regions to boost trade and investments. He also said that India and LAC countries n...
India, LAC countries need to collaborate in tourism, hospitality, investment flows: Piyush Goyal
India, LAC countries need to collaborate in tourism, hospitality, investment flows: Piyush Goyal
Source: Accord Fintech
4/08/2023 10:17:53 AM
India, UK to hold 12th round of talks for proposed FTA from August 7 As India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7, 2023. Both sides are looking at concluding the talks before the end of the year. The main issues which could come up for discussions in this round include investment treaty, reduction of duties on auto and whiskey and matters pertaining to services.  The 11th round of talks was concluded in the month of...
India, UK to hold 12th round of talks for proposed FTA from August 7
India, UK to hold 12th round of talks for proposed FTA from August 7
Source: Accord Fintech
3/08/2023 11:37:22 AM
Hopeful of finalising certain FTAs in next few months: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). He stated ‘We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many ...
Hopeful of finalising certain FTAs in next few months: Piyush Goyal
Hopeful of finalising certain FTAs in next few months: Piyush Goyal
Source: Accord Fintech
31/07/2023 10:18:35 AM
India, UK could sign trade deal this year -commerce official India and Britain could sign a free trade agreement (FTA) this year as both countries have reached consensus on the broad contours of the proposed deal aiming to boost economic growth and jobs, a top Indian trade ministry official said. "We want to finalise the deal at the earliest," Sunil Barthwal, India's commerce secretary, told reporters on Friday. He said that on almost all contentious issues, negotiations were completed, and the deal could be signed "much before...
India, UK could sign trade deal this year -commerce official
India, UK could sign trade deal this year -commerce official
Source: Reuters
29/07/2023 9:47:17 AM
Tesla executives hold market entry talks with India investment agency Two senior Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an interest in building a factory in India that would produce a low-cost electric vehicle (EV) priced at $24,000, around 25% cheaper than Tesla's current entry model, for both the Indian market and export. ...
Tesla executives hold market entry talks with India investment agency
Tesla executives hold market entry talks with India investment agency
Source: Reuters
29/07/2023 9:19:44 AM
Government sets up working group to decriminalise legislations to promote ease of doing business: Piyush Goyal In order to further promote ease of doing business, Commerce and Industry Minister Piyush Goyal said that the government has set up a working group to decriminalise laws. Talking about the Jan Vishwas (Amendment of Provisions) Bill, 2023, he said the group will look at areas, where more decriminalisation of provisions is required. He said that the group comprised representatives from industry associations, business chambers, legal professionals, legal experts and officials of seven ministr...
Government sets up working group to decriminalise legislations to promote ease of doing business: Piyush Goyal
Government sets up working group to decriminalise legislations to promote ease of doing business: Piyush Goyal
Source: Accord Fintech
28/07/2023 10:16:32 AM
Tesla to discuss factory plan for new $24,000 car with India commerce minister Tesla representatives are set to meet India’s commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters. Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle. T...
Tesla to discuss factory plan for new $24,000 car with India commerce minister
Tesla to discuss factory plan for new $24,000 car with India commerce minister
Source: Reuters
24/07/2023 6:19:04 PM
Developed economies under stress, there is demand slowdown: Piyush Goyal Amid a dip in the country's exports, Commerce and Industry Minister Piyush Goyal has said that the developed economies are under stress, and there is a demand slowdown in the world market. India’s merchandise exports contracted by 22 per cent, the steepest decline in the last three years, to $32.97 billion in June 2023 as compared to $42.28 billion in June 2022 on account of global demand slowdown, especially in the Western markets like the US and Europe. The minister said &lsquo...
Developed economies under stress, there is demand slowdown: Piyush Goyal
Developed economies under stress, there is demand slowdown: Piyush Goyal
Source: Accord Fintech
18/07/2023 11:28:06 AM
Government launches chana dal at subsidised rates under brand name Commerce Minister Piyush Goyal on Monday launched the sale of subsidised chana dal under the brand name ‘Bharat Dal’ at the rate of Rs 60 per kg for one kg pack and Rs 55 per kg for 30 kg pack. The retail outlets of National Agricultural Cooperative Marketing Federation (NAFED) in Delhi-NCR are selling the chana dal. The introduction of ‘Bharat Dal’ is a step taken by the Centre towards making pulses available to consumers at affordable prices by converting chana...
Government launches chana dal at subsidised rates under brand name
Government launches chana dal at subsidised rates under brand name
Source: IANS
18/07/2023 9:51:53 AM
Union Commerce and Industry Minister to review progress on TEPA with EFTA Union Minister of Commerce and Industry Piyush Goyal is visiting the UK from July 10-11, 2023. The visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA. The visit comes at a crucial juncture, as both India and the UK are committed to expan...
Union Commerce and Industry Minister to review progress on TEPA with EFTA
Union Commerce and Industry Minister to review progress on TEPA with EFTA
Source: Accord Fintech
10/07/2023 1:49:52 PM
Plastic exports have potential to grow, says Piyush Goyal  Commerce minister Piyush Goyal on Friday said that country’s exports were stalled at around $500 million till 2020, but the scenario has changed in the last two years and the country has managed to touch the $776 million mark in the export sector. Out of the total exports, the plastic industry’s contribution was $12 billion and it has the potential to grow.  “The sector has the potential to add business opportunities, jobs for young generation, opportunities...
Plastic exports have potential to grow, says Piyush Goyal
Plastic exports have potential to grow, says Piyush Goyal
Source: IANS
8/07/2023 9:21:46 AM
Banks should ensure affordable credit to MSMEs to achieve $1 trillion merchandise exports: Piyush Goyal Commerce & Industry Minister Piyush Goyal has asked the Indian banks to ensure enhanced and affordable credit to MSMEs to achieve the target of 1 trillion dollar merchandise exports, in a meeting with bankers on export credit to MSME exporters. Based on Export Credit Guarantee Corporation’s (ECGC) experience under the scheme of enhanced cover, ECGC has now proposed further modifications to make available adequate and affordable credit to a larger section of MSME exporters. The produ...
Banks should ensure affordable credit to MSMEs to achieve $1 trillion merchandise exports: Piyush Goyal
Banks should ensure affordable credit to MSMEs to achieve $1 trillion merchandise exports: Piyush Goyal
Source: Accord Fintech
30/06/2023 3:10:13 PM
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal   Commerce Minister Piyush Goyal has asked banks to ensure enhanced and affordable credit to MSMEs to achieve the target of $1 trillion merchandise exports by 2030. He gave these directions during a meeting called recently to discuss the issue of increasing the availability of export credit to the MSME exporters. The meeting was attended by top officials of 21 banks including the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of In...
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal
Source: IANS
30/06/2023 10:54:38 AM
Prime Minister Naredra Modi to lay foundation of textile park project in Lucknow  Prime Minister Narendra Modi is expected to lay the foundation stone of the upcoming PM Mitra mega textile and apparel park in the state. Rakesh Sachan, minister for medium, small and micro enterprises, said, “The park promises to accelerate the state’s effort to become $1 trillion economy. The foundation of the same project would be laid by the Prime Minister. Three multi malls are also proposed for Uttar Pradesh, namely Varanasi, Lucknow and Gorakhpur. “We a...
Prime Minister Naredra Modi to lay foundation of textile park project in Lucknow
Prime Minister Naredra Modi to lay foundation of textile park project in Lucknow
Source: IANS
27/06/2023 3:13:53 PM
ECGC supports over 16,000 exporters with aggregate value of business covered to tune of Rs 6.68 lakh crore in FY23: Goyal Commerce and Industry Minister Piyush Goyal has said that the Export Credit Guarantee Corporation (ECGC) has supported over 16,000 exporters with an aggregate value of business covered to the tune of Rs 6.68 lakh crore in 2022-23 and it is expected to increase to more than Rs 10 lakh crore this fiscal. The ECGC, wholly owned by the Government of India, was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services.  ...
ECGC supports over 16,000 exporters with aggregate value of business covered to tune of Rs 6.68 lakh crore in FY23: Goyal
ECGC supports over 16,000 exporters with aggregate value of business covered to tune of Rs 6.68 lakh crore in FY23: Goyal
Source: Accord Fintech
26/06/2023 12:32:15 PM
India-Africa bilateral trade grew 9.26% in 2022-23: Piyush Goyal Bilateral trade of India with Africa grew by 9.26 per cent in 2022-23, reaching almost $100 billion, Commerce Minister Piyush Goyal said while addressing the CII-EXIM Bank conclave on "India-Africa Partnership". Goyal expressed confidence in achieving the goal of doubling bilateral trade to $200 billion by 2030. "Blessed with demographic dividend, India-Africa partnership can drive the global progress in this century," the minister said further. Goyal said that th...
India-Africa bilateral trade grew 9.26% in 2022-23: Piyush Goyal
India-Africa bilateral trade grew 9.26% in 2022-23: Piyush Goyal
Source: IANS
16/06/2023 9:37:16 AM
PM GatiShakti should be leveraged to benefit sectors beyond infrastructure: Piyush Goyal  Commerce Minister Piyush Goyal said that PM GatiShakti must be effectively leveraged using the area development approach to extend benefits to the nation beyond the infrastructure sector. Goyal said this while chairing a meeting to review the progress of PM GatiShakti with the department for promotion of industry and internal trade (DPIIT) and eight concerned ministries. The minister emphasised upon the participating ministries and departments to harness the full potential of the ...
PM GatiShakti should be leveraged to benefit sectors beyond infrastructure: Piyush Goyal
PM GatiShakti should be leveraged to benefit sectors beyond infrastructure: Piyush Goyal
Source: IANS
15/06/2023 4:14:15 PM
DGTR recommends for continuation of anti-dumping duty on Chinese steel wheels for five more years The commerce ministry's investigation arm the Directorate General of Trade Remedies (DGTR) has recommended for continuation of anti-dumping duty on Chinese steel wheels for five more years with a view to guarding domestic players against cheap imports. In a notification, the DGTR has said that continuation of the existing duties on the imports of Flat Base Steel Wheels from China would address and mitigate the likelihood of injury to the domestic players. The DGTR has said the authorit...
DGTR recommends for continuation of anti-dumping duty on Chinese steel wheels for five more years
DGTR recommends for continuation of anti-dumping duty on Chinese steel wheels for five more years
Source: Accord Fintech
14/06/2023 3:04:35 PM
India is fastest growing large economy in world with inflation under control: Piyush Goyal Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal has said that technology and policy initiatives of the Government serve as enablers to empower businesspersons for faster growth and development. While stressing upon inclusive development and creation of opportunities for all those left behind so that everyone can participate in the making of developed India, he said that the entire country is looking towards a prosperous future...
India is fastest growing large economy in world with inflation under control: Piyush Goyal
India is fastest growing large economy in world with inflation under control: Piyush Goyal
Source: Accord Fintech
12/06/2023 2:31:18 PM
Cabinet okays up to 10% hike in MSP of several commodities Days after the government imposed stock limits on Tur and Urad to prevent their hoarding owing to poor availability of these commodities, the Union Cabinet on Wednesday approved one of the highest rises in minimum support price (MSP) of several commodities in recent times for kharif season (2023-24), including the ones mentioned above. The hike in the MSP for commodities is up to 10 per cent. Minister for Food and Consumer Affairs, Commerce and Textiles Piyush Goyal said that the govern...
Cabinet okays up to 10% hike in MSP of several commodities
Cabinet okays up to 10% hike in MSP of several commodities
Source: IANS
7/06/2023 5:28:35 PM
India's forex reserves at comfortable position to meet any requirements: Piyush Goyal Commerce and industry Minister Piyush Goyal has said that India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years. India's forex kitty jumped $3.553 billion to $599.529 billion for the week ended May 12, according to the Reserve Bank of India. The minister also said that the government efforts have helped in managing inflation and 'I am happy that it has been res...
India's forex reserves at comfortable position to meet any requirements: Piyush Goyal
India's forex reserves at comfortable position to meet any requirements: Piyush Goyal
Source: Accord Fintech
25/05/2023 11:08:19 AM
Customs duties of India are very often misconstrued to be high on most items: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the Customs duties of India are ‘very’ often misconstrued to be high on most items, raw materials, intermediates but in reality, the duties are very low. He said that the duties on technological items that are helping the Indian economy grow are very low.  The minister said actual applied rates of tariffs are lower than the agreed bound rates at World Trade Organization (WTO ). He said that the trade and techno...
Customs duties of India are very often misconstrued to be high on most items: Piyush Goyal
Customs duties of India are very often misconstrued to be high on most items: Piyush Goyal
Source: Accord Fintech
18/05/2023 11:36:58 AM
Commerce & Industry Minister emphasizes India`s 10x plus growth potential in next 25 years The Union Minister for Commerce & Industry Piyush Goyal has emphasized that India’s 10x plus growth potential in the next 25 years which would reinforce its position as the fastest growing large economy, focus on 4Ts of Trade, Technology, Tourism and Talent, its ambitious mission for sustainability and renewable energy which is evidenced by its performance of achieving Paris targets in 2021 itself - 9 years ahead of schedule, etc. The minister also under scored that there must be...
Commerce & Industry Minister emphasizes India`s 10x plus growth potential in next 25 years
Commerce & Industry Minister emphasizes India`s 10x plus growth potential in next 25 years
Source: Accord Fintech
17/05/2023 3:59:37 PM
Indian businesses should focus on quality, scale to earn confidence of consumers, businesses in Canada : Piyush Goyal Stressing need for focus on quality, scale, design and packaging by Indian businesses to earn the confidence and trust of consumers and businesses in Canada, Union Minister of Commerce & Industry, Piyush Goyal has said that business is not just about numbers but about building relationships, partnership, collaborating, learning, technology and innovation. The Minister also said that focus has to be on shared prosperity for people across the world making all stakeholders in the value chain...
Indian businesses should focus on quality, scale to earn confidence of consumers, businesses in Canada : Piyush Goyal
Indian businesses should focus on quality, scale to earn confidence of consumers, businesses in Canada : Piyush Goyal
Source: Accord Fintech
11/05/2023 3:31:42 PM
India, Canada agree to enhance cooperation for investment promotion, info exchange India and Canada have agreed to enhance cooperation for coordinated investment promotion and information exchange. This was finalised after both the countries concluded the 6th India-Canada Ministerial Dialogue on Trade and Investment in Ottawa on Monday. Union Commerce minister Piyush Goyal and Canadian Minister for International Trade Mary Ng concluded the negotiations for their respective countries. Ng announced that she would lead a Canadian trade mission to India in October. ...
India, Canada agree to enhance cooperation for investment promotion, info exchange
India, Canada agree to enhance cooperation for investment promotion, info exchange
Source: IANS
10/05/2023 12:07:31 PM
Commerce Minister Piyush Goyal to co-chair India-Canada ministerial trade dialogue Commerce Minister Piyush Goyal will on Monday co-chair the discussions for the sixth India-Canada ministerial dialogue on trade and investment (MDTI) in Ottawa, Canada, along with his Canadian counterpart Mary Ng. MDTI is a bilateral mechanism which provides institutional mechanism to discuss a broad spectrum of trade and investment related issues and cooperation areas. The dialogue will focus on various themes including strengthening the bilateral trade relationship between India and C...
Commerce Minister Piyush Goyal to co-chair India-Canada ministerial trade dialogue
Commerce Minister Piyush Goyal to co-chair India-Canada ministerial trade dialogue
Source: IANS
8/05/2023 6:38:19 PM
India-US partnership is at defining stage: Piyush Goyal Commerce & Industry Minister Piyush Goyal has said that India-US partnership is at a ‘defining stage’ and the two countries will continue to work towards diversifying and deepening trade and investment ties for mutual growth and prosperity. He said that the bilateral trade between India and US has been the highest in the couple of years and is aimed to increase multifold in the coming years.  Goyal has stated that with the increasing eminence and recognition of India a...
India-US partnership is at defining stage: Piyush Goyal
India-US partnership is at defining stage: Piyush Goyal
Source: Accord Fintech
8/05/2023 11:31:33 AM
India`s exports likely to touch $900 billion in 2023/24 India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in the previous year, keeping resilient despite global headwinds, a top official of a grouping of exporters said. Merchandise exports could expand to between $495 billion and $500 billion, while services exports could touch $400 billion in the year ending March 2024, said Ajay Sahai, director general of the Federation of Indian Export Organisations (FIEO). Overseas de...
India`s exports likely to touch $900 billion in 2023/24
India`s exports likely to touch $900 billion in 2023/24
Source: Reuters
4/05/2023 1:14:20 PM
Mandatory quality control norms for 675 products under consideration of 14 ministries: Piyush Goyal The Commerce and Industry Minister Piyush Goyal has said mandatory quality control norms for about 675 products are under consideration of 14 ministries. The effort is aimed at containing import of the sub-standard product and boost domestic industry. He mentioned ‘Overall 675 products are under consideration by 14 ministries so that this culture of quality becomes seeped in our day today working. It will help us reduce costs, improve competitiveness, boost exports, create jobs and p...
Mandatory quality control norms for 675 products under consideration of 14 ministries: Piyush Goyal
Mandatory quality control norms for 675 products under consideration of 14 ministries: Piyush Goyal
Source: Accord Fintech
4/05/2023 10:03:57 AM
India to achieve target of 20% blending of ethanol with petrol by 2025: Piyush Goyal Food and Consumer Affairs Minister Piyush Goyal has expressed confidence that the country will achieve the target of 20 per cent blending of ethanol with petrol by 2025 and asserted that maize crop will play an important role in implementation of this programme. He said ethanol is a sunrise sector and asked the industry to set up factories for manufacturing of this green fuel which can operate on dual feed stock (sugarcane and food grains).   The minister highlighted that the blend...
India to achieve target of 20% blending of ethanol with petrol by 2025: Piyush Goyal
India to achieve target of 20% blending of ethanol with petrol by 2025: Piyush Goyal
Source: Accord Fintech
3/05/2023 12:43:34 PM
Traders will soon be able to settle foreign trade in rupee currency: Piyush Goyal Commerce and Industry Minister Piyush Goyal has expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks. He said the Reserve Bank of India (RBI) has approved 60 requests to open Special Rupee Vostro Accounts (SRVAs) of correspondent banks from 18 countries, including the UK, Singapore, and New Zealand. He also said the RBI is in discussion with its counterparts i...
Traders will soon be able to settle foreign trade in rupee currency: Piyush Goyal
Traders will soon be able to settle foreign trade in rupee currency: Piyush Goyal
Source: Accord Fintech
24/04/2023 12:48:35 PM
India to protect interests of farmers, dairy sector in free trade agreement with EU: Piyush Goyal Commerce and industry minister Piyush Goyal has said that India will completely protect the interests of farmers and dairy sector in the proposed free trade agreement (FTA) with the European Union. He said that Italy and France have offered unstinted support for the early conclusion of negotiations for the India-EU trade agreement. He stated the kind of business opportunities which India provides for EU businesses are huge and nobody can provide those in the world. Chief negotiators of Ind...
India to protect interests of farmers, dairy sector in free trade agreement with EU: Piyush Goyal
India to protect interests of farmers, dairy sector in free trade agreement with EU: Piyush Goyal
Source: Accord Fintech
17/04/2023 10:28:43 AM
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal  Commerce and Industry Minister Piyush Goyal said that high targets must be set in the India-Italy partnership as there is a lot of new potential especially in light of the recently elevated Strategic Partnership. The Minister elaborated on how a plethora of opportunities in India make it one of the world's most trusted business and investment destinations during his address at the CEOs Business Interactive session in Rome, Italy. He said that India is an open country with global ...
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal
Source: IANS
14/04/2023 2:02:50 PM
`Huge delta of opportunities in India`: Piyush Goyal at India-France business summit Commerce Minister Piyush Goyal has said that there is a huge delta of opportunities in India, which is on a growth trajectory. Goyal, who is currently on a tour of France, while addressing the India-France Business Summit and CEOs Roundtable in Paris on Tuesday, said: "We are one of the largest consumers of goods and services. Exports of goods and services are growing by over 50 per cent, and we hope to continue this growth trajectory. We hope to see our exports of goods and services ...
`Huge delta of opportunities in India`: Piyush Goyal at India-France business summit
`Huge delta of opportunities in India`: Piyush Goyal at India-France business summit
Source: IANS
12/04/2023 5:02:11 PM
India has trade deficit with China in electronic components, computer hardware: Anupriya Patel Minister of State for Commerce and Industry Anupriya Patel has said that the major commodities in which India has a trade deficit with China include electronic components, computer hardware, telecom instruments, industrial machinery for dairy and organic chemicals. She said the commodities exhibiting trade deficit with China constituted 86.7 per cent of the total trade in 2014-15, which has reduced to 83.8 per cent of the total trade with China in 2021-22. She stated, similarly, the servic...
India has trade deficit with China in electronic components, computer hardware: Anupriya Patel
India has trade deficit with China in electronic components, computer hardware: Anupriya Patel
Source: Accord Fintech
6/04/2023 10:17:21 AM
Procurement through GeM crosses Rs 2 lakh cr in 2022-23 Procurement of goods and services from government portal Government e Marketplace(GeM) has crossed the Rs 2 lakh crore mark in the financial year 2022-2023. Terming it a remarkable achievement, Union Commerce and Industry Minister Piyush Goyal highlighted the role of GeM as a digital tool in the public and national interest. GeM is a symbol of the speed with which Prime Minister Narendra Modi has taken the country forward through modern technology, said the Minister. "I am confi...
Procurement through GeM crosses Rs 2 lakh cr in 2022-23
Procurement through GeM crosses Rs 2 lakh cr in 2022-23
Source: IANS
2/04/2023 10:07:51 AM
Procurement through GeM crosses Rs 2 lakh cr in 2022-23 Procurement of goods and services from government portal Government e Marketplace(GeM) has crossed the Rs 2 lakh crore mark in the financial year 2022-2023. Terming it a remarkable achievement, Union Commerce and Industry Minister Piyush Goyal highlighted the role of GeM as a digital tool in the public and national interest. GeM is a symbol of the speed with which Prime Minister Narendra Modi has taken the country forward through modern technology, said the Minister. "I am confi...
Procurement through GeM crosses Rs 2 lakh cr in 2022-23
Procurement through GeM crosses Rs 2 lakh cr in 2022-23
Source: IANS
1/04/2023 6:12:32 PM
Centre unveils foreign trade policy 2023-2028, focus on boosting exports to $2 tn The Centre on Friday unveiled new foreign trade policy for the period 2023 to 2028 with the aim of boosting exports to $2 trillion by 2030, even as trade has been impacted due to fluid geopolitical situation and disrupted supply chains. Commerce Minister Piyush Goyal unveiled the policy in the presence of industry representatives and top officials of the ministry. "I am confident that India's trade will touch $2 trillion exports by 2030," Goyal said after unveiling the pol...
Centre unveils foreign trade policy 2023-2028, focus on boosting exports to $2 tn
Centre unveils foreign trade policy 2023-2028, focus on boosting exports to $2 tn
Source: IANS
31/03/2023 12:59:00 PM
Need to create quality consciousness in country: Piyush Goyal Commerce minister Piyush Goyal on Wednesday called converting the respect India has earned globally into an opportunity to progress economically. In his address on the occasion of World Consumer Rights Day, he said: "We should work towards creating quality consciousness in the country and win the confidence of our customers." Goyal also said that "people want high quality in services and products and that it is their right. Today is a day of celebration of this right and ...
Need to create quality consciousness in country: Piyush Goyal
Need to create quality consciousness in country: Piyush Goyal
Source: IANS
16/03/2023 8:56:28 AM