PIYUSH GOYAL
India must expand international trade ties to reach $30 trillion economy vision by 2047: Piyush Goyal
Union Minister Piyush Goyal stated that India must expand international engagement to achieve its USD 30 trillion economy goal by 2047. He highlighted that developed nations' demographic challenges present opportunities for India's skilled workforce and that strategic partnerships will complement, not compete with, Indian industry.
Tieups with higher per capita income nations beneficial to all: Piyush Goyal
India's partnerships with wealthier nations offer mutual benefits. This strategy leverages India's young talent and competitive costs with developed economies' capital and technology. Recent free trade agreements with 38 countries highlight this approach. These collaborations open new markets and foster integration into global value chains. India's growing economy and large consumer base attract significant investment, creating jobs and driving innovation.
India protecting industry from unfair trade practices of certain countries: Piyush Goyal
India is committed to dialogue and cooperation to address global trade challenges. Commerce and Industry Minister Piyush Goyal stated that countries, including India, protect their domestic industries. India is working to safeguard its economy from unfair trade practices. The nation is also focused on promoting innovation and research, with ongoing discussions on investments under the EFTA free trade agreement.
Issues related to India-EFTA trade pact implementation may figure during Piyush Goyal's Switzerland visit
Commerce Minister Piyush Goyal visits Switzerland this week. He will discuss issues related to the India-EFTA free trade agreement. The agreement was implemented in October 2025. Goyal will meet Swiss government officials and industry leaders. Discussions will focus on implementation and enhancing trade.
Piyush Goyal meets Ernst & Young CEO, discusses India's role in global supply chains
Union Minister Piyush Goyal said he held a meeting with Janet Truncale, Global Chair and CEO of EY, to discuss India's growing role in global supply chains and the expanding opportunities in Global Capability Centres (GCCs).
Phase 1 of India-US trade pact hinges on Section 301 probe, official says
India and the US are set to finalize the first phase of their trade agreement soon. This move is contingent on the conclusion of ongoing Section 301 investigations by the US. Meanwhile, discussions with the UK on their free trade agreement are advancing well. Outstanding issues, including Britain's steel safeguard measure, are being addressed.
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Rs 33,660 crore industrial parks scheme to help get investments, create jobs: Piyush Goyal
A new scheme, BHAVYA, worth ₹33,660 crore, will develop 100 industrial parks across India. This initiative aims to attract investments and create jobs. The scheme will be implemented in phases, with the first phase considering applications received by July 31. States will compete by submitting project proposals. The goal is to build world-class infrastructure and boost manufacturing.
India willing to open its market to high-quality, innovative pharma products, says commerce minister
India is ready to welcome high-quality global pharmaceutical products. This move is in exchange for better market access for Indian drug exports. The Indian pharma market is set to double in five years. Global companies are invited to invest in India's vast market and skilled workforce. India is a major supplier of generic medicines and vaccines worldwide.
Indian industry invests CAD 11 billion in Canada, generates over 33,000 jobs: report
Indian companies have invested close to CAD 11 billion in Canada. These investments span various sectors, creating over 33,000 jobs. Indian firms are committed to further investment and expansion in Canada over the next five years. Bilateral trade between India and Canada is also set to increase significantly. Cooperation in mining, energy, and critical minerals is a key focus.
BHAVYA scheme to help attract huge investments, create jobs: Piyush Goyal
A new Rs 33,660 crore scheme, BHAVYA, will develop 100 industrial parks across India. This initiative aims to attract significant investments and create numerous jobs. Modern social infrastructure will be established in these parks. States will partner with the central government to develop world-class industrial facilities.
India, UK talks progressing on resolving issues for trade pact implementation: Official
India and the UK are making good progress on their free trade agreement. Discussions are ongoing to resolve issues like the UK's steel safeguard measure and carbon border adjustment mechanism. These measures have been a sticking point for the agreement. Both sides are working on proposals and counter-questions to find a solution.
India, US trade pact can be finalised after conclusion of Sec 301 investigations: Official
India and the US are nearing the completion of their interim trade agreement's first phase. This crucial step hinges on the conclusion of America's Section 301 investigations. Officials indicate the pact could be finalized by mid-July. Discussions are ongoing, with a high-level US team expected to visit India soon. This development is significant for bilateral trade relations.
PM Modi congratulates Major Barak on being conferred UN Military Gender Advocate of the Year Award
Major Abhilasha Barak received the UN Military Gender Advocate of the Year Award. She is an Indian woman peacekeeper and the country's first woman combat helicopter pilot. Major Barak serves with the UN Peacekeeping in Lebanon. Prime Minister Narendra Modi and Union Minister Piyush Goyal congratulated her. Her achievement highlights India's contribution to UN peacekeeping efforts and inspires young Indians.
Union minister Piyush Goyal launches skill, AI employment initiatives in Mumbai
In a significant push towards building a future-ready workforce for Viksit Bharat 2047, Uttar Mumbai MP and Union Commerce Minister Piyush Goyal today inaugurated a series of skill development, AI-enabled employment and industry-led training initiatives in Mumbai, underscoring the critical role of youth, technology and partnerships in shaping India's growth story.
India can increase seafood exports to $30 billion in five years: Piyush Goyal
India targets $30 billion in seafood exports within five years. This ambitious goal involves increasing production and quality. The nation plans to export more ready-to-eat and branded seafood products. Free trade agreements will enhance market access. The focus is on reducing raw shrimp imports and exporting value-added goods. This strategy aims to significantly boost foreign exchange earnings.
India’s seafood exports jump 70% in a decade, outpace global trade growth: Piyush Goyal
India's seafood exports increased by 70 per cent in dollar terms from 2014 to 2025, contrasting sharply with a global international seafood trade expansion of barely 12 to 12.5 per cent during the same period.
India, US to execute first tranche of bilateral trade agreement by mid-July, says Piyush Goyal
India and the United States will implement the initial part of their trade agreement by mid-July. This deal will provide Indian exporters with better market access compared to competitors. Union Minister Piyush Goyal confirmed the timeline following recent trade discussions. Further high-level meetings are expected soon to finalize the agreement. This development highlights India's growing trade potential.
India to roll out 6–7 FTAs next year as trade push accelerates: Piyush Goyal
India is set to sign several major trade deals soon. Three to four significant trade agreements are planned for the next year. Additionally, two to three free trade agreements will become active within six months. Nine recently concluded trade pacts will be operational in the coming months.
India-US trade deal could further boost already vibrant trade corridor: Citi India CEO
A proposed India-US trade agreement is set to enhance trade and investment. Citi India CEO K Balasubramanian expressed optimism about this pact. He highlighted the strong India-US economic corridor, a key market for both nations. This agreement is anticipated to further invigorate existing trade. India's economic growth remains robust, outpacing many large economies globally.
India set to implement 2-3 more FTAs in six months, says commerce minister Piyush Goyal
India is set to implement at least two to three more free trade agreements within the next six months, with an additional three to four significant pacts expected by 2027. Commerce Minister Piyush Goyal highlighted these developments, emphasizing the translation of negotiated agreements into commercial opportunities for businesses.
Piyush Goyal says India to remain world's fastest-growing economy for next two decades
Union Commerce and Industry Minister Piyush Goyal on Thursday said India will continue to be the world's fastest-growing economy for the next two decades, highlighting the country's ability to convert crises into opportunities and attract long-term global investments.
India-US trade agreement "99% there", last 1% being finalized: US Ambassador Sergio Gor
India and the United States are nearing a significant trade agreement. US Ambassador Sergio Gor revealed negotiations are almost complete. Both nations are finalizing the last technical details. This deal is expected to be a win-win for both countries. Ambassador Gor is meeting with Union Commerce Minister Piyush Goyal to discuss the pact.
US envoy Sergio Gor to meet Piyush Goyal on trade deal Thursday
India and the United States are nearing a trade deal. US Ambassador Sergio Gor met with Commerce Minister Piyush Goyal to finalize the agreement. Ninety-nine percent of the deal is reportedly settled. Both nations aim for mutually beneficial outcomes. Discussions also cover strategic sectors like artificial intelligence and semiconductors. India is also addressing US concerns regarding forced labor.
SBI Chairman, Apple India MD among 29 Members appointed to Board of Trade led by Piyush Goyal
The government has appointed 29 prominent individuals to the Board of Trade. This board, led by Commerce and Industry Minister Piyush Goyal, will focus on enhancing manufacturing and exports. The nominated members will assist in implementing district export hub initiatives. They will also advise the government on policies to increase export earnings and review sector performance.
India-Oman CEPA kicks in
The India-Oman Comprehensive Economic Partnership Agreement is now active. Indian exporters of textiles, leather, plastics, and more will gain preferential market access in Oman. The pact also ensures Indian workers receive preferential treatment in Omani projects led by Indian companies. Oman is also lifting its ban on exporting unpolished marble blocks.
India may rethink Scotch whisky tariff cuts if UK does not ease steel import curbs
In a strategic move, India may reconsider its tariff reductions on British products, especially Scotch whisky, pending the UK's solutions to India’s grievances over steel safeguard measures. Negotiations between the two nations are set to address these pressing concerns.
UK Business Secretary Peter Kyle to meet Piyush Goyal on June 2 over India-UK FTA rollout
On June 2, UK’s Business and Trade Secretary Peter Kyle is set to embark on a significant visit to India, where he will engage with Commerce and Industry Minister Piyush Goyal in bustling New Delhi. The agenda centers around bolstering trade relations and prioritizing the swift execution of the India-UK Free Trade Agreement.
Piyush Goyal engages with over 50 industry leaders in New York to deepen India-US trade
India and the United States moved closer to deepening their trade ties as Union Minister of Commerce and Industry Piyush Goyal engaged with more than 50 prominent business and industry leaders for a closed-door roundtable discussion at New York City, in the United States. The discussions focused on expanding partnerships across trade, investment, innovation, and supply chains to drive shared prosperity between the two nations.
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