News

European Union's deforestation regulation, carbon tax would impact Indian industries: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the European Union's (EU) deforestation regulation and carbon tax are unfair and would impact Indian industries. He said the EU's safeguard measures on some steel products are irrational too. He noted that Indian industries are confronted with unfair rules of deforestation, rules around CBAM (Carbon Border Adjustment Mechanism) and various other measures. Major agriculture-exporting countries, including Brazil, India, Indonesia...
European Union's deforestation regulation, carbon tax would impact Indian industries: Piyush Goyal
European Union's deforestation regulation, carbon tax would impact Indian industries: Piyush Goyal
Source: Accord Fintech
2024-10-14 11:43:17 am
Piyush Goyal holds talks with UK and EU on free trade agreements Union Minister of Commerce and Industry, Piyush Goyal, held bilateral discussions for deeper economic ties and moving ahead on free trade agreements (FTAs) with his counterparts from the UK and EU on the sidelines of the G7 trade ministers’ meeting at Reggio Calabria in Italy, an official statement said on Wednesday.  Goyal congratulated Jonathan Reynolds, UK Secretary of State for Business and Trade, on his appointment and discussed deepening bilateral economic relations. ...
Piyush Goyal holds talks with UK and EU on free trade agreements
Piyush Goyal holds talks with UK and EU on free trade agreements
Source: IANS
2024-07-18 09:19:57 am
Piyush Goyal holds talks with WTO Chief on free and equitable trade Commerce and Industry Minister Piyush Goyal held a crucial meeting with WTO Director-General Ngozi Okonjo-Iweala, to discuss the ongoing negotiations and the progress made since the 13th Ministerial Conference of the global trade organisation, according to an official statement issued on Monday.   The conversation highlighted India’s commitment to achieving fair and meaningful trade outcomes and ensuring free and equitable trade among member nations. The minister also convene...
Piyush Goyal holds talks with WTO Chief on free and equitable trade
Piyush Goyal holds talks with WTO Chief on free and equitable trade
Source: IANS
2024-07-16 09:25:47 am
India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal Commerce and Industry Minister Piyush Goyal on Wednesday said India will be the 3rd largest economy in the next 3-4 years while the country’s exports would scale the $ 2 trillion export target by 2030. Addressing the FICCI national executive committee meeting here, Goyal said: “With the rapidly growing start-up India initiative, growing infrastructure, investments in manufacturing which are creating a lot of opportunities for trade, business, jobs and exports. We will be the 3r...
India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal
India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal
Source: IANS
2024-07-11 09:56:08 am
Government offers license fee concession for women entrepreneurs, MSMEs in petroleum & explosives ventures Unveiling 80% concession for women entrepreneurs and 50% for MSMEs in licensing fees for licenses granted by Petroleum and Explosives Safety Organisation (PESO), Union Minister of Commerce and Industry, Piyush Goyal has directed PESO to formulate guidelines in consultation with the Central Pollution Control Board (CPCB) and Ministry of Petroleum and Natural Gas (MoPNG) for creating a template of safety measures allowing retail outlets of petrol pumps to function in cases where there is habita...
Government offers license fee concession for women entrepreneurs, MSMEs in petroleum & explosives ventures
Government offers license fee concession for women entrepreneurs, MSMEs in petroleum & explosives ventures
Source: Accord Fintech
2024-07-05 02:06:22 pm
Government keen on big push to drones for empowering rural women, farmers: Piyush Goyal Union Minister of Commerce and Industry Piyush Goyal said on Thursday that the development of the drone ecosystem and deploying them in villages across the nation aligns with Prime Minister Narendra Modi’s ‘NAMO Drone Didi’ initiative that will help empower women in the agriculture sector.  Addressing the international innovation conclave organised by the PHD Chamber of Commerce & Industry (PHDCCI) here, the Minister said the government is keen to promote the...
Government keen on big push to drones for empowering rural women, farmers: Piyush Goyal
Government keen on big push to drones for empowering rural women, farmers: Piyush Goyal
Source: IANS
2024-07-05 10:42:58 am
We aim to make AI work for India via skilled talent pool, innovative startups: Jitin Prasada India stands at the forefront of global Artificial Intelligence (AI) innovation and the government’s commitment is to foster an inclusive and robust AI ecosystem via skill penetration and substantial investments in nurturing AI startups, Jitin Prasada, Union Minister of State for Commerce and Industry, and Electronics and IT, said here on Wednesday.   Addressing the 'Global IndiaAI Summit 2024' in the national Capital, the minister said that India has been reinforcing it...
We aim to make AI work for India via skilled talent pool, innovative startups: Jitin Prasada
We aim to make AI work for India via skilled talent pool, innovative startups: Jitin Prasada
Source: IANS
2024-07-03 02:17:47 pm
Afghanistan exports goods worth 304 mln USD in three-months Afghanistan exported commercial goods valued at 304 million U.S. dollars from March 20 to June 20, said the country's Ministry of Commerce and Industry. "Afghanistan's exports and imports during the first quarter of the Persian calendar year 1403 totalled approximately 2.577 billion U.S. dollars, with 304 million dollars in exports and 2.273 billion dollars in imports," the ministry's spokesperson Akhundzada Abdul Salam Jawad told local media outlet Ariana News on Sat...
Afghanistan exports goods worth 304 mln USD in three-months
Afghanistan exports goods worth 304 mln USD in three-months
Source: IANS
2024-07-01 09:56:12 am
Piyush Goyal looks to build on PLI scheme, boost exports in 2nd term as Commerce Minister Union Commerce and Industry Minister Piyush Goyal on Tuesday told officials of his ministry that the government needs to build on the success of the past initiatives such as the productivity-linked incentive (PLI) scheme and the recent foreign trade agreements (FTAs) to boost domestic manufacturing and exports so that more jobs are created in the country.  After taking charge of the Ministry of Commerce and Industry for a second consecutive term on Tuesday, Goyal convened a review mee...
Piyush Goyal looks to build on PLI scheme, boost exports in 2nd term as Commerce Minister
Piyush Goyal looks to build on PLI scheme, boost exports in 2nd term as Commerce Minister
Source: IANS
2024-06-12 10:31:37 am
PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company scouting for factory land  It was in 2015 when Prime Minister Narendra Modi visited the Tesla facility in Palo Alto, California and Elon Musk took him for a tour of his electric car plant, convincing the PM that electric vehicles are going to be the next big disruptor. Nearly a decade later, the Tesla is set to come to - and be made in - India. The tech billionaire is finally sending a team of experts to scout for a possible location to set up a $2-$3 billion EV plant in the country. Reports say that on top...
PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company scouting for factory land
PM Narendra Modi`s determination set to bring Tesla to Indian roads soon, company scouting for factory land
Source: IANS
2024-04-05 09:26:38 am
India`s trade policy is calibrated with economic growth path: Piyush Goyal  India's trade policy is calibrated with its economic growth trajectory as it aims to achieve a target of $2 trillion in exports by 2030, Commerce and Industry Minister Piyush Goyal said on Thursday. "Our trade policy is calibrated based on our development journey, yet open for expansion. We will be doing $2 trillion of exports by 2030 and I have no doubt we will achieve it," the minister said at a media event in New Delhi. Goyal said that India had pulled out of the ...
India`s trade policy is calibrated with economic growth path: Piyush Goyal
India`s trade policy is calibrated with economic growth path: Piyush Goyal
Source: IANS
2024-03-28 03:12:40 pm
In big win for Tesla, India to lower EV import tax if $500 million invested India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla's plans to enter the market. The policy is a big win for Tesla as it's in line with what the company had been lobbying for in New Delhi. Sources said last July that the carmaker had offered to build a factory but, in the meantime, wanted a cut in import taxes that CE...
In big win for Tesla, India to lower EV import tax if $500 million invested
In big win for Tesla, India to lower EV import tax if $500 million invested
Source: Reuters
2024-03-15 02:27:17 pm
Piyush Goyal highlights India`s potential as global supply chain hub at 14-nation Indo-Pacific meet Commerce & Industry Piyush Goyal on Thursday highlighted India's potential for providing global supply chain diversification opportunities, at the 14-nation Indo-Pacific Economic Framework for Prosperity (IPEF) meeting. He joined US Secretary of Commerce Gina Raimondo, Thai Foreign Minister Parnpree Bahiddha-Nukara and the ministers from the 11 other IPEF countries in their first ministerial meeting this year. Addressing the virtual ministerial meeting, Minister Goyal called for...
Piyush Goyal highlights India`s potential as global supply chain hub at 14-nation Indo-Pacific meet
Piyush Goyal highlights India`s potential as global supply chain hub at 14-nation Indo-Pacific meet
Source: IANS
2024-03-15 09:39:51 am
India`s exports to close current fiscal at same level as last year despite uncertainties: Piyush Goyal Commerce and Industry minister Piyush Goyal has exuded confidence that during this fiscal (FY24), the country's goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade. He also said that the government measures such production-linked incentives (PLI) schemes and focus on high-quality goods and services would help in containing the country's trade deficit. He said ‘so our trade deficit will be signifi...
India`s exports to close current fiscal at same level as last year despite uncertainties: Piyush Goyal
India`s exports to close current fiscal at same level as last year despite uncertainties: Piyush Goyal
Source: Accord Fintech
2024-03-13 04:01:29 pm
Many developed and developing countries keen to start trade in rupee with India: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses. He expressed confidence that the development is going to be a ‘very game-changing’ dimension to India's international trade. He added that gradually countries are realising that undertaking trade in domestic currencies h...
Many developed and developing countries keen to start trade in rupee with India: Piyush Goyal
Many developed and developing countries keen to start trade in rupee with India: Piyush Goyal
Source: Accord Fintech
2024-03-12 12:34:35 pm
India says Europe trade group commits to $100 billion 15-year deal -India and a trade group of four European nations signed an economic agreement on Sunday aimed at increasing trade and investment, capping nearly 16 years of negotiations. The deal is a binding agreement for the European Free Trade Association - Switzerland, Norway, Iceland and Liechtenstein - to invest $100 billion over 15 years in the fast-growing market of 1.4 billion people, said Piyush Goyal, India's union trade minister. "It is a modern trade agreement, fair, equitable an...
India says Europe trade group commits to $100 billion 15-year deal
India says Europe trade group commits to $100 billion 15-year deal
Source: Reuters
2024-03-10 11:55:33 am
Indian government hikes inflation-adjusted allowances for government employees, pensioners The Indian government on Thursday hiked inflation-adjusted pay and allowances for 11.7 million employees and pensioners by 4%, a move that is likely to cost the exchequer 128.69 billion Indian rupees ($1.56 billion) annually, a minister said. The increases to the 'dearness allowance', part of monthly wages and pensions, provides a cushion against rises in the cost of living. They will be backdated to Jan. 1, 2024, trade minister Piyush Goyal said. The decision to hike the allowa...
Indian government hikes inflation-adjusted allowances for government employees, pensioners
Indian government hikes inflation-adjusted allowances for government employees, pensioners
Source: Reuters
2024-03-08 10:42:23 am
Piyush Goyal urges India Inc. to expand manufacturing footprint  Commerce and Industry Minister Piyush Goyal on Tuesday said that with the triple track of strong macroeconomic fundamentals, huge thrust in infrastructure creation and social welfare push, India has been at the forefront of global growth for the past decade. In his address at the ‘Viksit Bharat@ 2047 Conclave’ organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) here, the Minister said that the government is undertaking various initiatives to pr...
Piyush Goyal urges India Inc. to expand manufacturing footprint
Piyush Goyal urges India Inc. to expand manufacturing footprint
Source: IANS
2024-02-28 09:12:40 am
Aspirational India`s integration with startup sector to further propel economy: Centre The integration of the aspirational India with the startup sector will propel India’s economy in this 'Amrit Kaal' to become a 'Viksit Bharat' by 2047, the Centre said here on Tuesday. Union Minister of Commerce and Industry Piyush Goyal encouraged the involvement of youth with a bent of entrepreneurship and innovation at the ‘Startup Mahakumbh’ curtain-raiser event organised by the Department for Promotion of Industry and Internal Trade (DPIIT). While ...
Aspirational India`s integration with startup sector to further propel economy: Centre
Aspirational India`s integration with startup sector to further propel economy: Centre
Source: IANS
2024-02-27 04:28:19 pm
GeM to end FY24 with sales of Rs 4 lakh cr to government: Piyush Goyal  The Government e-Marketplace (GeM) is set to close the fiscal year ending March 2024 with sales of Rs 4 lakh crore to the government from the turnover of Rs 422 crore in its first year of operation, Union Minister of Commerce & Industry, Piyush Goyal, said on Tuesday. Speaking at the ‘Startup Mahakumbh’ curtain-raiser event in the national capital, the Union minister said the GeM now has over 23,000 registered startups doing business with the government. GeM, creat...
GeM to end FY24 with sales of Rs 4 lakh cr to government: Piyush Goyal
GeM to end FY24 with sales of Rs 4 lakh cr to government: Piyush Goyal
Source: IANS
2024-02-27 04:14:13 pm
India does not rush into free trade pacts: Piyush Goyal Commerce & Industry Minister Piyush Goyal on Friday said that the government does not rush to conclude trade negotiations, but follows a careful and calibrated approach because Free Trade Agreements (FTAs) impact the country for several years. During an interaction at the Raisina Dialogue 2024, the Minister explained that extensive stakeholder consultations and inter-ministerial meetings are conducted during trade negotiations to ensure that FTAs are fair, equitable and balanced. Go...
India does not rush into free trade pacts: Piyush Goyal
India does not rush into free trade pacts: Piyush Goyal
Source: IANS
2024-02-24 09:38:36 am
India headed to be $35 trillion economy by 2047: Piyush Goyal Minister of Commerce & Industry Piyush Goyal on Monday said that the government’s ambition is to expand the current $3.7 trillion Indian economy to a $30-35 trillion fully developed economy by 2047 and to ensure food and energy security of the nation. Addressing a media delegation of 35 journalists from 19 countries of Latin American and the Caribbean, Goyal said that Prime Minister Narendra Modi’s holistic vision to address issues regarding the welfare of the poor coupled ...
India headed to be $35 trillion economy by 2047: Piyush Goyal
India headed to be $35 trillion economy by 2047: Piyush Goyal
Source: IANS
2024-02-19 05:42:30 pm
India to allow edible oil imports at lower duty until March 2025  India will extend the import of edible oil at a lower duty by another year until March 2025, the government said in a notification issued late on Monday as the world's biggest importer of vegetable oil moves to limit local prices. The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil was set to expire in March 2024. "The decision was expected as the government is keen to keep prices in check ahead of elections," said Sandeep Bajoria,...
India to allow edible oil imports at lower duty until March 2025
India to allow edible oil imports at lower duty until March 2025
Source: Reuters
2024-01-16 10:32:45 am
Telangana CM seeks nod for Hyderabad-Vijayawada industrial corridor Telangana Chief Minister A. Revanth Reddy on Saturday requested Union Industries and Commerce Minister Piyush Goyal to grant approval for the establishment of a new industrial corridor between Hyderabad and Vijayawada via Miryalaguda. He also sought final clearances for the proposed Hyderabad-Nagpur industrial corridor, estimating a substantial benefit of Rs 2,300 crore for Telangana. In a meeting held in New Delhi, CM Revanth Reddy, along with Deputy Chief Minister Mallu Bhatti Vikrama...
Telangana CM seeks nod for Hyderabad-Vijayawada industrial corridor
Telangana CM seeks nod for Hyderabad-Vijayawada industrial corridor
Source: IANS
2024-01-14 10:10:04 am
India urges US to restore GSP status for duty-free exports  India has requested the US to restore its status under the Generalized System of Preferences (GSP) program which was scrapped by the former Donald Trump administration in 2019. The issue came up at the India-US Trade Policy Forum (TPF) meeting here co-chaired by Union Minister of Commerce and Industry Piyush Goyal and US Trade Representative, Ambassador Katherine Tai. “Commerce Minister Goyal reiterated India’s interest in restoration of its beneficiary status under th...
India urges US to restore GSP status for duty-free exports
India urges US to restore GSP status for duty-free exports
Source: IANS
2024-01-13 05:16:43 pm
PM GatiShakti is India`s revolutionary offering to world: Piyush Goyal Hailing PM GatiShakti as India's revolutionary offering to the world, Union Minister of Commerce & Industry Piyush Goyal has projected PM GatiShakti as the future planning tool for infrastructure not just in India or Asia, but globally. Highlighting the historical context of infrastructure development in India, Goyal underscored the traditional challenges of prolonged delays and cost overruns in projects. He emphasized the Prime Minister's unwavering pursuit of excellence and perf...
PM GatiShakti is India`s revolutionary offering to world: Piyush Goyal
PM GatiShakti is India`s revolutionary offering to world: Piyush Goyal
Source: Accord Fintech
2024-01-11 03:23:58 pm
India, UAE aim to take bilateral trade to $100 billion: Piyush Goyal Commerce and Industry Minister Piyush Goyal on Wednesday said that India and UAE aspire to expand their bilateral trade to $100 billion. He also highlighted efforts that were underway to facilitate rupee-dirham trade. Addressing the UAE India Business Summit at the Vibrant Gujarat Global Summit, the minister invited investors to participate in India's growth story that was backed with a demographic advantage of a young, aspirational population. Goyal said that both the countries ...
India, UAE aim to take bilateral trade to $100 billion: Piyush Goyal
India, UAE aim to take bilateral trade to $100 billion: Piyush Goyal
Source: IANS
2024-01-11 09:31:44 am
Processed food exports grow 150% over last nine years: Piyush Goyal Highlighting the 150% growth in processed food exports over the last nine years, Union Minister of Commerce & Industry, Piyush Goyal has said that India’s agricultural exports stood at an aggregate of about $53 billion. He emphasized the need for large-scale food processing, product branding, and export focus to provide better value to farmers, generate employment, and enhance the country's earnings. The Minister praised India's diverse food industry, emphasizing its pote...
Processed food exports grow 150% over last nine years: Piyush Goyal
Processed food exports grow 150% over last nine years: Piyush Goyal
Source: Accord Fintech
2024-01-09 02:45:52 pm
India`s farm exports to exceed $53 bn in 2023-24: Piyush Goyal  India's agricultural exports in 2023-24 will exceed last year’s level of $53 billion despite the restrictions imposed on overseas shipments of some commodities, Commerce and Industry Minister Piyush Goyal said on Monday. "We had agri exports in the aggregate of about $53 billion in 2022-23, and we expect the number to increase in the current year despite the restrictions placed on export of rice, wheat or sugar," Goyal said in his address at IndusFood Show 2024 he...
India`s farm exports to exceed $53 bn in 2023-24: Piyush Goyal
India`s farm exports to exceed $53 bn in 2023-24: Piyush Goyal
Source: IANS
2024-01-08 02:36:12 pm
Auto industry should aim for at least 50% export share: Commerce Minister Urging the auto industry to not limit itself to achieving a 25% export share rather aim for at least 50% export share, Union Minister of Commerce & Industry Piyush Goyal has encouraged the industry stakeholders to adopt a proactive approach to seize opportunities in the global economy, emphasizing the vast potential for Indian businesses to capture large world markets.  Commerce Minister also praised the collaborative spirit prevalent across sectors, highlighting its role in drivi...
Auto industry should aim for at least 50% export share: Commerce Minister
Auto industry should aim for at least 50% export share: Commerce Minister
Source: Accord Fintech
2024-01-08 02:02:41 pm
Piyush Goyal asks BIS to raise standards of goods to international level Commerce and Industry Ministry Piyush Goyal on Saturday urged the Bureau of Indian Standards (BIS) to make the country’s standards compatible to international standards wherever possible like in case of lifts, air filters or medical items. “This can be achieved through an increase in stakeholder consultations and by involving industry representatives,” the minister said while addressing the 77th Foundation Day function of BIS. BIS and the Department for Promotion of In...
Piyush Goyal asks BIS to raise standards of goods to international level
Piyush Goyal asks BIS to raise standards of goods to international level
Source: IANS
2024-01-06 05:50:13 pm
India to become third largest GDP in world by 2027: Commerce Minister Union Minister of Commerce and Industry, Piyush Goyal has said that the Government under the leadership of the Prime Minister, Narendra Modi is working as one family for a better future for the 140 crore Indians.  Commerce Minister also lauded the ‘Aatmanirbhar Bharat Utsav 2024’ as representative of whole of the government approach that the Prime Minister has brought to the fore and which has been the hallmark of the government over the last 10 years. Goyal further sai...
India to become third largest GDP in world by 2027: Commerce Minister
India to become third largest GDP in world by 2027: Commerce Minister
Source: Accord Fintech
2024-01-04 01:46:03 pm
India to maintain export figures of last year in FY24 despite global slowdown: Piyush Goyal Commerce and Industry Minister Piyush Goyal has exuded confidence that during this fiscal (FY24), the country will maintain the last year's export figures despite slowdown in global trade. He said that India's exports of goods and services rose to $776 billion in 2022-23 from $500 billion two years ago. He stated ‘Globally growth has been negative, international trade is in the negative territory, estimates are that this year international trade may fall, and in that perspect...
India to maintain export figures of last year in FY24 despite global slowdown: Piyush Goyal
India to maintain export figures of last year in FY24 despite global slowdown: Piyush Goyal
Source: Accord Fintech
2024-01-04 10:06:53 am
India`s GDP to touch $4 tn ahead of LS polls: Piyush Goyal  India will become a $4 trillion economy before the Lok Sabha elections and in 2 to 2.5 years, it will touch the $5 trillion GDP mark, Commerce and Industry Minister Piyush Goyal said on Wednesday. “India will have the third largest GDP in the world latest by 2027, as per every street estimate," Goyal said at the launch of the Aatmanirbhar Bharat Utsav in the national capital. The Lok Sabha polls are likely to be held around April-May this year. The minister appears t...
India`s GDP to touch $4 tn ahead of LS polls: Piyush Goyal
India`s GDP to touch $4 tn ahead of LS polls: Piyush Goyal
Source: IANS
2024-01-04 09:59:28 am
India`s focus on infrastructure empowering economy, giving it fillip: Piyush Goyal Union Minister for Commerce & Industry, Piyush Goyal has said that India’s focus on infrastructure is empowering the economy and giving it a fillip. The Minister also said that massive investments both from the government and from the private sector, directed towards infrastructure is boosting the infrastructural capabilities of the country.  Goyal said competitive source of financing is attracting investments from those who are looking for greater safety. He said the stock ...
India`s focus on infrastructure empowering economy, giving it fillip: Piyush Goyal
India`s focus on infrastructure empowering economy, giving it fillip: Piyush Goyal
Source: Accord Fintech
2024-01-01 12:58:04 pm
Tesla may set up EV plant in Gujarat, Musk likely to visit India next month Elon Musk’s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the ‘Vibrant Gujarat Global Summit’ next month. The announcement is likely to be made in the presence of Tesla CEO and Prime Minister Narendra Modi at the flagship event from January 10-12, according to media reports. With its strategic location and favourable business environment, Gujarat has emerged as the "prefe...
Tesla may set up EV plant in Gujarat, Musk likely to visit India next month
Tesla may set up EV plant in Gujarat, Musk likely to visit India next month
Source: IANS
2023-12-28 03:32:57 pm
Corning picks TN over Telangana to set up Rs 1,000 cr smartphone glass factory With the government change in Telangana came the news that US-based Corning Inc, the key Apple supplier, has reportedly picked Tamil Nadu over Telangana to set up its Rs 1,000 crore facility, in collaboration with domestic electronics manufacturer Optiemus Infracom. Earlier, the then K. Chandrashekar Rao-led state government had announced in September that Corning Inc has chosen Telangana to set up their Gorilla Glass manufacturing facility. The proposed facility in Telangana is expecte...
Corning picks TN over Telangana to set up Rs 1,000 cr smartphone glass factory
Corning picks TN over Telangana to set up Rs 1,000 cr smartphone glass factory
Source: IANS
2023-12-12 02:47:43 pm
India aiming to achieve $2 trillion export target by 2030: Piyush Goyal Union minister Piyush Goyal has said that India is aiming to achieve the $2 trillion export target by 2030 and in the process it is moving this industry out of the government support to make it self-sustaining and cost competitive. Addressing Infinity Forum 2.0 virtually at Gujarat Finance Tec-City (GIFT City), he said the International Financial Services Centre (IFSC) at GIFT City has become a lynchpin in propelling India's export-led growth. He noted that GIFT City will play a pivotal r...
India aiming to achieve $2 trillion export target by 2030: Piyush Goyal
India aiming to achieve $2 trillion export target by 2030: Piyush Goyal
Source: Accord Fintech
2023-12-11 11:33:56 am
India poised to become $30 tn economy by 2047: Piyush Goyal Commerce and Industry Minister Piyush Goyal on Friday said that India was poised to become a $30 trillion economy by 2047 with the collective efforts of the government and industry pushing towards an exponential growth rate to achieve a fully developed India. Addressing the 96th Annual General Meeting of apex business chamber FICCI, the minister said the Indian economy has already moved from being among the “Fragile 5” to the 5th largest economy in the world with strong fundame...
India poised to become $30 tn economy by 2047: Piyush Goyal
India poised to become $30 tn economy by 2047: Piyush Goyal
Source: IANS
2023-12-08 11:57:04 am
India`s focus on infrastructure is empowering economy: Commerce Minister Union Minister for Commerce & Industry Piyush Goyal has said that India’s focus on infrastructure is empowering the economy and giving it a fillip. The Minister also said that massive investments both from the government and from the private sector, directed towards infrastructure is boosting the infrastructural capabilities of the country.  He said competitive source of financing is attracting investments from those who are looking for greater safety. He further noted that ...
India`s focus on infrastructure is empowering economy: Commerce Minister
India`s focus on infrastructure is empowering economy: Commerce Minister
Source: Accord Fintech
2023-12-04 03:48:00 pm
Piyush Goyal urges corporates to step up investments as India is `at sweet spot` Union Commerce Minister Piyush Goyal on Friday urged corporates to increase investments in India as the country was "at a sweet spot" with massive development of infrastructure driving the economy. Adressing the Inaugural session of ‘3rd India Debt Capital Market Summit 2023 - Onwards & Upwards’, Goyal said: “Competitive source of financing is attracting investments from those who are looking for greater safety. The stock market is also hitting a 4 trillion ...
Piyush Goyal urges corporates to step up investments as India is `at sweet spot`
Piyush Goyal urges corporates to step up investments as India is `at sweet spot`
Source: IANS
2023-12-01 01:43:09 pm
FTA with EU, EFTA doable but India`s concerns must be addressed: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said the proposed free trade agreements with the European Union (EU) and four-nation EFTA group are doable, but they should keep in mind India's concerns as the level of economic development is different. Goyal said the European Union and European Free Trade Association (EFTA) countries need to understand certain very important and significant differences between the two set of regions.  He stated ‘We are in active dialogue wit...
FTA with EU, EFTA doable but India`s concerns must be addressed: Piyush Goyal
FTA with EU, EFTA doable but India`s concerns must be addressed: Piyush Goyal
Source: IANS
2023-11-23 11:02:42 am
India`s 4-point action plan can make Global South a key player in supply chain: Piyush Goyal The Global South needs to discuss ways and means for countries to act together to ensure that our supply chains are more open, secure and resilient, Commerce and Industry Minister Piyush Goyal said on Friday at the 2nd Voice of Global South Summit. Goyal said that the crisis of Covid-19 pandemic, impact of climate change and raging geopolitical tensions have disrupted and underscored the fragility of global supply chains. These disruptions have created monumental challenges of food and ...
India`s 4-point action plan can make Global South a key player in supply chain: Piyush Goyal
India`s 4-point action plan can make Global South a key player in supply chain: Piyush Goyal
Source: IANS
2023-11-18 09:12:28 am
Piyush Goyal holds discussion with chip giant Micron`s CEO in US Union Commerce and Industry Minister Piyush Goyal held a meeting with chip giant Micron Technology’s CEO Sanjay Mehrotra in the US and discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to expand its footprint in the country. "Met Mr. Sanjay Mehrotra, CEO & President of MicronTech. Discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to collaborate & expand its footprint i...
Piyush Goyal holds discussion with chip giant Micron`s CEO in US
Piyush Goyal holds discussion with chip giant Micron`s CEO in US
Source: IANS
2023-11-16 01:29:07 pm
India signs IPEF pact to strengthen Indo-Pacific supply chain resilience India, the US and 12 other IPEF partner countries have signed the first Supply Chain Resilience Agreement aimed at strengthening global supply chains. The agreement was signed by Commerce and Industry Ministry Piyush Goyal on India’s behalf at the IPEF meeting in San Francisco.  "India joins U.S. and 12 other IPEF partners to ink the IPEF Supply Chain Resilience Agreement, a first-of-its-kind international agreement that will fortify and strengthen global supply chains; ...
India signs IPEF pact to strengthen Indo-Pacific supply chain resilience
India signs IPEF pact to strengthen Indo-Pacific supply chain resilience
Source: IANS
2023-11-15 01:48:06 pm
Aspirational Young India to spur future growth of India: Commerce Minister Union Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has said that aspirational Young India will spur the future growth of India. During 'DPIIT-CII National Conference on Ease of Doing Business', the minister said that the foundational economic reforms undertaken by the Government has ensured that India moved from fragile 5 to top 5 economies in the last 5 years.  The Minister further lauded the industry for supp...
Aspirational Young India to spur future growth of India: Commerce Minister
Aspirational Young India to spur future growth of India: Commerce Minister
Source: Accord Fintech
2023-11-10 02:21:45 pm
Government looking at easing certain restrictions for units in SEZ to promote sector`s growth: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the government is looking at easing certain restrictions for units in the special economic zones (SEZ) to promote the sector's growth. SEZs in India are treated as foreign territories for trade and customs duties, with restrictions on duty-free domestic sales. Regarding the industry's demand to extend benefits of the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme to SEZs, the minister said the ministry will ...
Government looking at easing certain restrictions for units in SEZ to promote sector`s growth: Piyush Goyal
Government looking at easing certain restrictions for units in SEZ to promote sector`s growth: Piyush Goyal
Source: Accord Fintech
2023-11-09 12:36:16 pm
India commerce minister to meet Tesla`s Musk amid market entry talks-sources Indian commerce minister Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country. Discussions between the Musk and Goyal in th...
India commerce minister to meet Tesla`s Musk amid market entry talks-sources
India commerce minister to meet Tesla`s Musk amid market entry talks-sources
Source: Reuters
2023-11-09 09:08:41 am