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Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation Union Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to utilise Rs 1 lakh crore Anusandhan National Research Foundation (ANRF) fund to foster innovation and create a research-based ecosystem in the country.   The talented youth should also be tuned to the mindset of experimenting and developing new ideas under this government initiative, Goyal said during his keynote address at the Federation of Indian Chambers of Commerce and Industry’s (FICCI) event...
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation
Piyush Goyal urges industry to utilise Rs 1 lakh crore ANRF fund for fostering innovation
Source: IANS
2024-11-21 04:29:10 pm
India aims for equity and balance when negotiating FTAs: Piyush Goyal India looks for equity, balance and fair trade when negotiating a Free Trade Agreement (FTA) with countries, the government said on Tuesday.  Speaking at the 27th CITIC CLSA India Forum here, Union Commerce and Industry Minister Piyush Goyal said India enters into FTAs with countries which are transparent, open and where governments’ economic systems align with India. Minister Goyal asserted that fulfilling basic amenities of citizens has been the government’s priority ...
India aims for equity and balance when negotiating FTAs: Piyush Goyal
India aims for equity and balance when negotiating FTAs: Piyush Goyal
Source: IANS
2024-11-19 06:14:47 pm
India`s economic growth needs more affordable interest rates, minister says  India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy remained on course. "At a time when we want industries to ramp up and build capacities, bank interest rates will have to be far more affordable," the minister, Nirmala Sitharaman, said at an event in Mumbai. Last week, the nation's trade minister said the Reserve Bank of India (...
India`s economic growth needs more affordable interest rates, minister says
India`s economic growth needs more affordable interest rates, minister says
Source: Reuters
2024-11-18 06:14:53 pm
India trade minister says central bank should cut rates, look through food prices India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. "I certainly believe they (central bank) should cut interest rates. Growth needs a further impetus," Piyush Goyal told news channel CNBC TV18 at an event in Mumbai on Thursday, adding it's an "ab...
India trade minister says central bank should cut rates, look through food prices
India trade minister says central bank should cut rates, look through food prices
Source: Reuters
2024-11-14 01:50:04 pm
Collective effort needed to meet $2 trillion export target by 2030: Piyush Goyal Union Minister of Commerce and Industry Piyush Goyal has said that a $2 trillion export can only be achieved by collective efforts of all stakeholders. Goyal emphasized that this goal requires a strategic and collaborative effort, building on the momentum of India’s expected $800 billion in exports this year. He said ‘Let us partner to achieve the export target of $2 trillion by 2030. Given that we will cross $800 billion this year, we will need to really put in a lot of effort...
Collective effort needed to meet $2 trillion export target by 2030: Piyush Goyal
Collective effort needed to meet $2 trillion export target by 2030: Piyush Goyal
Source: Accord Fintech
2024-11-12 11:37:56 am
Piyush Goyal urges IIFT graduates to help nation reach $2 trillion trade goal  Union Commerce and Industry Minister Piyush Goyal on Monday exhorted graduates of the Indian Institute of Foreign Trade (IIFT) to stay informed about new trade agreements, and use these as avenues to create fresh business opportunities and access new markets.  In his virtual address during the 57th IIFT Convocation here, the minister noted that this knowledge would contribute to the ambitious target of a ‘Viksit Bharat,’ including the goal of reaching $2 trillion in ...
Piyush Goyal urges IIFT graduates to help nation reach $2 trillion trade goal
Piyush Goyal urges IIFT graduates to help nation reach $2 trillion trade goal
Source: IANS
2024-11-12 10:29:46 am
India`s growth story to take economy from $3.5 trillion now to $35 trillion in next 25 years: Piyush Goyal Expressing optimism over the country’s economic growth prospects, Union Commerce and Industry Minister Piyush Goyal has said India’s growth story will take the economy from $3.5 trillion now to $35 trillion in the next 25 years. He said ‘This 10-fold growth is due to India's strong economic fundamentals. We are the fastest-growing economy. Low inflation, strong foreign exchange reserves and a welcoming environment for the investors have brought twice the FDI to India in ...
India`s growth story to take economy from $3.5 trillion now to $35 trillion in next 25 years: Piyush Goyal
India`s growth story to take economy from $3.5 trillion now to $35 trillion in next 25 years: Piyush Goyal
Source: Accord Fintech
2024-11-11 12:04:56 pm
200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.  According to Union Minister for Commerce and Industry Piyush Goyal, the ‘Goldman Sachs 10,000 Women’ initiative highlights the untapped potential in women. “I am confident that they will continue to break barriers and empower others. They are committed to investi...
200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs
200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs
Source: IANS
2024-11-08 11:59:54 am
Piyush Goyal urges global investors to seize emerging opportunities in India Union Commerce and Industry Minister Piyush Goyal has urged global investors to seize emerging opportunities in India, particularly in high-growth sectors such as artificial intelligence (AI), renewable energy, digital infrastructure and advanced manufacturing, it was announced on Friday. During his visit to the Kingdom of Saudi Arabia from October 29-30, Minister Goyal participated in the Plenary Session of the 8th Edition of Future Investment Initiative (FII), with representatives from g...
Piyush Goyal urges global investors to seize emerging opportunities in India
Piyush Goyal urges global investors to seize emerging opportunities in India
Source: IANS
2024-11-01 12:53:33 pm
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors In order to boost trade and investments, India and Saudi Arabia have discussed ways to enhance cooperation in areas of fertilizers, petrochemicals and mining during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. India is the second largest trade partner for Saudi Arabia whereas Saudi Arabia is India's fourth largest trading partner. The bilateral trade between the two countries...
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
Source: Accord Fintech
2024-10-31 03:51:29 pm
Real Estate Industry Outlook Report by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings Below the Quote on Real Estate Industry Outlook Report by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings   Indian Perspective India’s GDP growth of 8.2 per cent in FY24, inflation numbers coming down to 3.65 per cent in August 2024, the Reserve Bank of India’s (RBI) upward revision of the FY25 GDP growth forecast at 7.2 per cent, and its effective monetary policy has balanced growth with price stability solidifying India’s status as one of the ...
Real Estate Industry Outlook Report by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Real Estate Industry Outlook Report by Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings
Source: Infomerics Ratings
2024-10-30 04:58:30 pm
Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz In a bid to further enhance economic ties and participate in the ‘8th Future Investment Initiative’, Union Minister of Commerce and Industry, Piyush Goyal, is set to visit Saudi Arabia from October 29-30.  The minister will hold bilateral meetings with key Saudi ministers, including the Minister of Commerce, Minister of Industry and Mineral Resources, Minister of Investment and Minister of Energy, to discuss collaborative efforts in energy transition, digital transformatio...
Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz
Piyush Goyal to visit Saudi Arabia, discuss ways to enhance energy biz
Source: IANS
2024-10-28 05:03:38 pm
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz To ensure the quality of ‘Make in India’ products and enable ease of doing business, the government on Saturday announced to amend the quality control order (QCO) pertaining to the bicycle retro-reflective devices.  With the QCO amendment, the Department for Promotion of Industry and Internal Trade (DPIIT) has exempted manufacturers for import of 200 bicycle reflectors for research and development of such goods and articles. It has also exempted import of bicycles refle...
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz
Source: IANS
2024-10-26 02:43:12 pm
Germany, India look to boost ties on defence, green energy German Chancellor Olaf Scholz wants to deepen defence ties with New Delhi and bring the two countries' militaries closer, he said on Friday, after meeting Indian Prime Minister Narendra Modi. Germany has not traditionally had close defence ties with India, but is now pitching to join the latter's effort to wean its arms base from decades of dependence on Russia, at a time when the West seeks to counter China's growing influence. "Our overall message is clear, we need mo...
Germany, India look to boost ties on defence, green energy
Germany, India look to boost ties on defence, green energy
Source: Reuters
2024-10-25 03:26:04 pm
Time is ripe to join India`s growth story: PM Narendra Modi tells German biz delegation Prime Minister Narendra Modi on Friday said this is the right time to join India's growth story, as German Chancellor Olaf Scholz met the Prime Minister in the national capital with a business delegation.  Addressing the 18th Asia-Pacific Conference of German Business 2024, PM Modi said the time is ripe for foreign investors to participate in India's growth story, and join the 'Make in India' initiative and 'Make for the World'. "This is the right time ...
Time is ripe to join India`s growth story: PM Narendra Modi tells German biz delegation
Time is ripe to join India`s growth story: PM Narendra Modi tells German biz delegation
Source: IANS
2024-10-25 03:02:19 pm
India seeks critical mineral agreement with US, hopes for a trade pact, minister says India's trade minister on Saturday said the country has sought a critical mineral partnership agreement with the United States as he hopes for talks on a broader trade pact between the two nations. "I had suggested that critical mineral MoU (memorandum of understanding) to be converted to a critical mineral partnership and become a starting point to become an FTA (Free Trade Agreement)," Piyush Goyal told reporters at a press briefing in New Delhi. Earlier this month, Indi...
India seeks critical mineral agreement with US, hopes for a trade pact, minister says
India seeks critical mineral agreement with US, hopes for a trade pact, minister says
Source: Reuters
2024-10-20 01:47:36 pm
India`s green energy push to spur quality of life for the world: Piyush Goyal India’s foray into green hydrogen, green ammonia and greater storage sectors will holistically help in combating climate change and reduce the country's import bill on crude oil, lowering trade deficits and the need for forex, Union Minister of Commerce and Industry, Piyush Goyal, said on Friday.  Addressing the Society for Human Resource Management (SHRM) India annual conference and expo in the national capital, the minister said sustainability is an area where India has ch...
India`s green energy push to spur quality of life for the world: Piyush Goyal
India`s green energy push to spur quality of life for the world: Piyush Goyal
Source: IANS
2024-10-19 09:19:41 am
174 quality control orders covering 732 products introduced in last decade: Piyush Goyal Union Commerce and Industry Minister Piyush Goyal on Wednesday said there were only 14 quality control orders (QCOs) covering 106 products till 2014 and in the last 10 years, the government expanded it to 174 QCOs covering 732 products to boost quality in manufacturing.  Urging the industry to adopt good quality standards, the minister said quality can not only boost toy manufacturing but also boost exports. In the last 10 years or so, toy exports have reached $523.24 million, over...
174 quality control orders covering 732 products introduced in last decade: Piyush Goyal
174 quality control orders covering 732 products introduced in last decade: Piyush Goyal
Source: IANS
2024-10-16 04:25:40 pm
India to make digital connectivity affordable for emerging economies: Piyush Goyal India has a key role to play in making technology available in the Global South and in leading the world in fulfilling the Sustainable Development Goal (SDG) to make digital connectivity affordable across the globe, Union Commerce and Industry, Piyush Goyal, said on Tuesday.  Speaking at the inauguration of the International Telecommunication Union’s (ITU) World Telecommunication Standardisation Assembly (WTSA) 2024 and the eighth edition of ‘India Mobile Congress’ i...
India to make digital connectivity affordable for emerging economies: Piyush Goyal
India to make digital connectivity affordable for emerging economies: Piyush Goyal
Source: IANS
2024-10-16 09:40:34 am
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
Significantly enhanced multimodal connectivity: PM Narendra Modi on 3 years of GatiShakti scheme On completion of the three years of the PM GatiShakti National Master Plan, Prime Minister Narendra Modi said on Sunday that the scheme has emerged as a transformative initiative aimed at revolutionising India's infrastructure.   In a post on social media platform X, PM Modi said that the scheme has also significantly enhanced multimodal connectivity, driving faster and more efficient development across sectors. "The seamless integration of various stakeholders has led to ...
Significantly enhanced multimodal connectivity: PM Narendra Modi on 3 years of GatiShakti scheme
Significantly enhanced multimodal connectivity: PM Narendra Modi on 3 years of GatiShakti scheme
Source: IANS
2024-10-13 05:11:06 pm
USISPF's 'India Leadership Summit 2024' to deepen economic, tech ties In a bid to enhance bilateral trade, supply chains, semiconductor investment, AI and next-gen technologies, the US-India Strategic Partnership Forum (USISPF) is set to host its annual 'India Leadership Summit 2024' in the national capital on Monday (October 14).   The summit follows on the heels of Prime Minister Narendra Modi's successful recent visit to the US for the Quad Leaders' Summit and the United Nations General Assembly (UNGA). The day-long summit also aim...
USISPF's 'India Leadership Summit 2024' to deepen economic, tech ties
USISPF's 'India Leadership Summit 2024' to deepen economic, tech ties
Source: IANS
2024-10-13 12:48:46 pm
PM Gati Shakti scheme cut logistics cost, enabled better service delivery: Piyush Goyal The PM Gati Shakti initiative has heralded a paradigm shift in how India plans and implements big-ticket infrastructure projects, Union Commerce and Industry Minister Piyush Goyal said on Saturday.  In his remarks on the occasion of the PM Gati Shakti National Master Plan (NMP) for multi-modal connectivity, launched by Prime Minister Narendra Modi on October 13, 2021, completing three years, the minister said the scheme has reduced logistics costs and enabled better service delivery. ...
PM Gati Shakti scheme cut logistics cost, enabled better service delivery: Piyush Goyal
PM Gati Shakti scheme cut logistics cost, enabled better service delivery: Piyush Goyal
Source: IANS
2024-10-12 05:41:59 pm
India`s trade minister says time for Indian rupee to appreciate  India's Trade Minister Piyush Goyal said on Monday it is time for the Indian rupee to appreciate on the back of inflows in debt and equity markets. "I believe India's currency should appreciate now. What else will we do with $700 billion (forex reserves)," Goyal said at an event in Mumbai.
India`s trade minister says time for Indian rupee to appreciate
India`s trade minister says time for Indian rupee to appreciate
Source: Reuters
2024-10-07 04:26:46 pm
India, US ink pact on critical minerals: Commerce Minister Piyush Goyal  Union Minister of Commerce and Industry Piyush Goyal has announced that India and the US have signed a memorandum of understanding (MoU) on critical minerals that will pave the way for cooperation between the Indian Ministry of Mines with its US counterpart to secure the supply chains in these materials that are critical to the production of clean energy technologies and equipment. The MoU will also pave the way for the two countries to launch joint projects in a third country and se...
India, US ink pact on critical minerals: Commerce Minister Piyush Goyal
India, US ink pact on critical minerals: Commerce Minister Piyush Goyal
Source: IANS
2024-10-04 08:47:00 am
CEO Forum: India, US reaffirm commitment to expanding bilateral commerce, trade  Minister of Commerce and Industry Piyush Goyal and his US counterpart Gina Raimondo co-chaired the 6th meeting of the US-India CEO Forum, which is the highest platform for discussing trade and commerce between the two countries.  Government representatives of the two countries and the Forum members, during the meeting hosted on Wednesday by the US, "reaffirmed their commitment to expanding bilateral commerce and trade, driving inclusive economic growth and innovation, and f...
CEO Forum: India, US reaffirm commitment to expanding bilateral commerce, trade
CEO Forum: India, US reaffirm commitment to expanding bilateral commerce, trade
Source: IANS
2024-10-03 08:43:38 am
Leverage India`s unmatched scale: Piyush Goyal tells US companies Union Commerce Minister Piyush Goyal has invited American companies to leverage India’s unmatched scale and take advantage of the ‘Make in India’ initiative, particularly in high-tech manufacturing and quality production.  Minister Goyal, who began his four-day visit to the US this week, had a discussions with existing and potential US investors, highlighting the avenues for cooperation in various sectors. According to a Ministry of Commerce and Industry statement...
Leverage India`s unmatched scale: Piyush Goyal tells US companies
Leverage India`s unmatched scale: Piyush Goyal tells US companies
Source: IANS
2024-10-02 10:22:01 am
Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated  Union Commerce Minister Piyush Goyal on Sunday said that the production-linked incentive (PLI) scheme has been a great success in terms of attracting investments and increasing exports, as actual investment is likely to reach Rs 2 lakh crore in the next year with 12 lakh jobs.  Engaging with the CEOs of over 140 PLI beneficiary companies in the national capital, Minister Goyal lauded them for bringing innovation, making India self-reliant in vital sectors and generating employme...
Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated
Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated
Source: IANS
2024-09-30 08:39:21 am
Piyush Goyal to interact with leading American and Indian CEOs in US Union Commerce and Industry Minister Piyush Goyal is set to interact with leading American and Indian CEOs during his visit to the US next week and discuss investment avenues.  Minister Goyal will co-chair the India-USA CEO Forum with US Secretary of Commerce, Gina Raimondo, in Washington DC, the Ministry of Commerce and Industry said in a statement. Both nations will discuss ways to generate sustainable economic growth, improving the business and investment climate and to deepen t...
Piyush Goyal to interact with leading American and Indian CEOs in US
Piyush Goyal to interact with leading American and Indian CEOs in US
Source: IANS
2024-09-29 12:43:53 pm
PM Narendra Modi’s efforts to help Uttar Pradesh reach $1 trillion economy: Piyush Goyal Prime Minister Narendra Modi’s efforts in developing Uttar Pradesh will help the state reach $1 trillion economy in the first phase, Union Commerce and Industry Minister, Piyush Goyal, has said.  According to the minister, the state government, led by Chief Minister Yogi Adityanath, under the guidance of PM Modi, will help India become a $5 trillion economy in the first phase, and will serve as a cornerstone for India to become a $35 trillion economy and a ‘Viksit Bharat&r...
PM Narendra Modi’s efforts to help Uttar Pradesh reach $1 trillion economy: Piyush Goyal
PM Narendra Modi’s efforts to help Uttar Pradesh reach $1 trillion economy: Piyush Goyal
Source: IANS
2024-09-29 09:47:13 am
India marks 10 years of `Make in India` initiative India marked 10 years of 'Make in India' initiative, which was launched on September 25, 2014. The initiative was conceived during a period when India's economic growth had sharply declined, and the country faced critical challenges in sustaining its development trajectory. Against this backdrop, ‘Make in India’ was designed to transform India into a global hub for design and manufacturing.  Its core objectives were to facilitate investment, encourage innovatio...
India marks 10 years of `Make in India` initiative
India marks 10 years of `Make in India` initiative
Source: Accord Fintech
2024-09-26 02:03:39 pm
India to set up trade promotion office in Sydney: Piyush Goyal Union Commerce Minister Piyush Goyal on Wednesday announced the setting up of an office for trade promotion in Australia's Sydney as bilateral trade continues to surge between the two nations.  The trade promotion office, with representatives of Invest India, the NICDC, the ECGC, and other officials related to trade and tourism, along with the private sector represented by the CII, will act as a bridge between investors and businesses on both sides. Addressing a joint press con...
India to set up trade promotion office in Sydney: Piyush Goyal
India to set up trade promotion office in Sydney: Piyush Goyal
Source: IANS
2024-09-25 02:30:32 pm
Piyush Goyal to meet leading Australian and Indian CEOs, discuss investment avenues To further boost bilateral economic engagement, Union Commerce and Industry Minister Piyush Goyal is set to visit Australia from September 23-25 to interact with leading Australian and Indian CEOs and discuss investment avenues in India.  Commerce Minister will visit the country at the invitation of Senator Don Farrell, Minister of Trade and Tourism of Australia, according to a statement by the Ministry of Commerce and Industry. Minister Goyal will co-chair with Minister Farrell th...
Piyush Goyal to meet leading Australian and Indian CEOs, discuss investment avenues
Piyush Goyal to meet leading Australian and Indian CEOs, discuss investment avenues
Source: IANS
2024-09-23 08:57:16 am
Committed to boost container availability, reduce congestion at ports: Piyush Goyal The government is committed to improving the availability of containers, faster evacuation of export consignments, and reducing congestion at the ports, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday.   Chairing an inter-ministerial meeting to address issues related to rising freight costs, shipping delays, shortage and non-availability of containers and congestion at the ports, the minister said the decisions taken by the Ministry of Ports, Shipping and Water...
Committed to boost container availability, reduce congestion at ports: Piyush Goyal
Committed to boost container availability, reduce congestion at ports: Piyush Goyal
Source: IANS
2024-09-20 08:52:38 am
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal Union Commerce Minister Piyush Goyal on Monday launched the Bharat Startup Knowledge Access Registry (BHASKAR) initiative, saying the platform will help bring hope, aspirations and success for the entrepreneurs to kickstart ambitious revolutions in the country.  Launched under the ‘Startup India’ programme in the national capital, BHASKAR -- meaning ‘Rising Sun’ -- has been aptly chosen to be the name of the digital platform. Minister Goyal emphasised to mak...
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal
Source: IANS
2024-09-17 09:03:58 am
Government to drive economic growth via robust partnerships with states: Piyush Goyal Union Commerce and Industry Minister Piyush Goyal on Friday reaffirmed the government’s commitment to drive economic growth through robust partnerships with state governments.  Chairing the third meeting of the reconstituted Board of Trade here, the minister emphasised that government initiatives are instrumental in guiding India towards a more transparent, efficient, and sustainable trade environment, benefiting the country’s broader economic landscape. He also launche...
Government to drive economic growth via robust partnerships with states: Piyush Goyal
Government to drive economic growth via robust partnerships with states: Piyush Goyal
Source: IANS
2024-09-14 08:49:14 am
India, US working in areas like critical minerals, supply chains: Piyush Goyal India and the US are working together towards becoming self-reliant in critical minerals, strengthening supply chains and adopting cutting-edge technologies, the government has informed.  Union Commerce and Industry Minister Piyush Goyal said that India and the US share one of the most strategic and consequential relationship with shared interests in bilateral and geopolitical issues. Both the countries have taken a huge step towards expanding the global semiconductor supply chain....
India, US working in areas like critical minerals, supply chains: Piyush Goyal
India, US working in areas like critical minerals, supply chains: Piyush Goyal
Source: IANS
2024-09-12 11:40:38 am
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister Reiterating the $1 trillion merchandise and $1 trillion services export target for 2030, Union Commerce Minister Piyush Goyal said on Wednesday that the target can be achieved with the new ‘Trade Connect e-Platform.’  The platform is a single window initiative that is fast, accessible and transformational as it will enable exporters to add newer markets. “The e-Platform will enable India increase its global market share and aid small businesses. It can also help s...
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister
Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Union Commerce Minister
Source: IANS
2024-09-12 09:20:48 am
Auto component sector to reach $100 bn export target by 2030: Piyush Goyal The auto component sector is projected to reach the $100 billion export target by 2030, making the industry one of the largest job creators in the country, Union Minister of Commerce and Industry, Piyush Goyal, said on Monday.  Addressing the 64th annual session of Automotive Component Manufacturers Association of India (ACMA) in the national capital, Goyal said that as India is progressing to become the third largest economy in the world in terms of gross domestic product (GDP), the ...
Auto component sector to reach $100 bn export target by 2030: Piyush Goyal
Auto component sector to reach $100 bn export target by 2030: Piyush Goyal
Source: IANS
2024-09-10 09:34:04 am
Government should have working group on tourism between India and Mediterranean nations : Piyush Goyal Union Minister of Commerce and Industry, Piyush Goyal has suggested that the government should have a working group on tourism between the nations of the Mediterranean and India, as there is a huge potential for cooperation and mutual benefit. He said that India offers a large market for Mediterranean goods and services given the close connection both nations have shared over the decades. He stated that India and Mediterranean countries have a huge common interest in the shipping sector, whet...
Government should have working group on tourism between India and Mediterranean nations : Piyush Goyal
Government should have working group on tourism between India and Mediterranean nations : Piyush Goyal
Source: Accord Fintech
2024-09-09 11:37:55 am
IMEC initiative to boost India`s maritime security, trade: Piyush Goyal The India-Middle East-Europe Economic Corridor (IMEC) initiative will add to the country’s maritime security and faster movement of goods between Europe and Asia, Union Commerce Minister Piyush Goyal said on Friday, adding that there is also huge potential for cooperation in the tourism sector.  Addressing the ‘CII India-Mediterranean Business Conclave 2024’ in the national capital, Commerce Minister said that IMEC was launched during the country’s G20 presiden...
IMEC initiative to boost India`s maritime security, trade: Piyush Goyal
IMEC initiative to boost India`s maritime security, trade: Piyush Goyal
Source: IANS
2024-09-06 03:00:33 pm
Piyush Goyal moots idea of introduction of border adjustment tax to safeguard steel industry Commerce and Industry Minister Piyush Goyal has mooted the idea of introduction of border adjustment tax and suggested discussions on this with the steel industry with a view to protect the domestic players by providing a level-playing field against increasing imports. He said that this tax is in compliance with the World Trade Organization (WTO). The idea assumes significance as the industry is seeking protection from imports at predatory prices.  The minister also asked the ind...
Piyush Goyal moots idea of introduction of border adjustment tax to safeguard steel industry
Piyush Goyal moots idea of introduction of border adjustment tax to safeguard steel industry
Source: Accord Fintech
2024-09-06 01:47:15 pm
Genuine rational single window key for ease of doing business: Piyush Goyal to states Union Commerce Minister Piyush Goyal on Thursday emphasised that a genuine rational single window is key for ease of doing business in the country.  Addressing a conference of industries and commerce ministers of states in the national capital, the minister said if all states and union territories (UTs) come to one platform for approvals and facilities, it would attract global investment in each state. “The government is making sincere efforts to promote India as the investme...
Genuine rational single window key for ease of doing business: Piyush Goyal to states
Genuine rational single window key for ease of doing business: Piyush Goyal to states
Source: IANS
2024-09-05 06:07:29 pm
Centre sets 500 million tonnes domestic steel production target by 2034  The Centre on Thursday set the target of achieving 500 million tonnes of steel production by 2034, urging the industry to find new ways towards low emission, high productivity, high quality and the use of artificial intelligence (AI).   The country's crude steel production shot up by over 35 million tonnes in the last four years, from 109.14 million tonnes in 2019-20 to 144.30 million tonnes in 2023-24, as per the latest government data last month. Addressing the ‘I...
Centre sets 500 million tonnes domestic steel production target by 2034
Centre sets 500 million tonnes domestic steel production target by 2034
Source: IANS
2024-09-05 04:57:46 pm
MSMEs contribute to nation building, provide employment to millions: Piyush Goyal Union Commerce and Industry Minister, Piyush Goyal has said that an MSME should not be looked upon as merely a small enterprise, its thinking should not be small or negative since MSMEs are a big force, they are successful, they are the strength of the nation, are giving employment to millions of countrymen and contribute to nation building.  Commerce Minister further said that innovative ideas and new ways of doing things are the hallmark of the entrepreneurs of MSMEs. He said the en...
MSMEs contribute to nation building, provide employment to millions: Piyush Goyal
MSMEs contribute to nation building, provide employment to millions: Piyush Goyal
Source: Accord Fintech
2024-08-26 12:56:46 pm
FM NirmalaSitharaman arrives in Singapore for 2nd India-Singapore Ministerial Roundtable Union Finance Minister Nirmala Sitharaman arrived in Singapore on Sunday to attend the 2nd India-Singapore Ministerial Roundtable, where she will be joined by three more senior colleagues, including External Affairs Minister Dr S. Jaishankar.  Sitharaman was welcomed at the Changi International Airport by Singapore’s High Commissioner to India Simon Wong and India's Deputy High Commissioner Pooja Tillu, the Finance Ministry said in a post on X. The 2nd round of the India-...
FM NirmalaSitharaman arrives in Singapore for 2nd India-Singapore Ministerial Roundtable
FM NirmalaSitharaman arrives in Singapore for 2nd India-Singapore Ministerial Roundtable
Source: IANS
2024-08-26 09:45:20 am
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade  Union Commerce Minister Piyush Goyal would explore strategies to bolster bilateral trade and investment during the second India Singapore Ministerial Roundtable (ISMR), that is scheduled to be held in Singapore on Monday.  On Sunday, the minister will engage with leading global business figures in Singapore, including DBS Bank, Temasek Holdings, OMERS, Keppel Infrastructure, and the Owners Forum, the Commerce Ministry said in a statement. Minister Goyal would explore strategi...
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade
Source: IANS
2024-08-25 10:29:28 am
MSMEs have become vital supply chains for big industries: Piyush Goyal The micro, small and medium enterprises (MSMEs) in the country are not only giving employment to millions but also contributing to nation building and becoming vital supply chains to big industries, Union Commerce Minister Piyush Goyal said on Saturday.  Moreover, quality control orders (QCOs) are protecting MSMEs from unfair competition from outside the country, he added. Addressing the 10th 'India International MSME Startup Expo and Summit 2024' in the national capital, t...
MSMEs have become vital supply chains for big industries: Piyush Goyal
MSMEs have become vital supply chains for big industries: Piyush Goyal
Source: IANS
2024-08-24 05:45:01 pm