PIYUSH GOYAL NETHERLANDS
India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal
India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.
India, Dutch port authorities weigh digital push to boost logistics: Piyush Goyal
Commerce and industry minister Piyush Goyal and Port of Rotterdam CEO Boudewijn Siemons held discussions on advancing port-led growth, logistics efficiency, supply chain connectivity and unlocking new opportunities for trade and investment.
India aims to quadruple port capacity by 2047, eyes stronger maritime cooperation with Rotterdam: Piyush Goyal
India intends to increase its port capacity significantly by 2047 to support economic growth and trade. Union Minister Piyush Goyal emphasized collaboration opportunities with the Port of Rotterdam for sustainable development. The Sagarmala initiative aims to enhance India's maritime infrastructure and connectivity effectively. A major maritime education institution will be established in Mumbai to train skilled seafarers. These efforts highlight India's commitment to bolstering its position in global maritime trade.
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FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
‘Come, work and serve in India’: Industry minister Piyush Goyal calls for stronger research ecosystem to attract Indian talent back home
Piyush Goyal highlighted the importance of enhancing industry-academia partnerships during his address in Berlin. He emphasized the need for better research facilities to support Indian talent abroad. Goyal discussed various sectors, including semiconductors and quantum computing, where collaboration can occur. German companies increasingly view India as a key partner for innovation and manufacturing. His visit aims to strengthen India's technological cooperation with European nations for future development.
India is not living in isolation, says Piyush Goyal, as India-EU FTA and several trade pacts pave the way for German R&D
Piyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted the potential for co-development and co-innovation under the India-EU free trade agreement. Goyal encouraged the institutes to connect research with industry in order to support manufacturing in India. The minister also mentioned India's extensive trade agreements that will boost global market access.
India's exports to Germany could cross $50 billion by 2030: ASSOCHAM
ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.
'The problem was caused by you': Commerce Minister Piyush Goyal calls out Europe over carbon emissions
Union Commerce Minister Piyush Goyal said India accounts for less than 3% of global carbon emissions despite representing 17% of the world's population. Speaking in Berlin, he said Europe's per capita emissions and environmental impact were seven to eight times higher than India's.
Domestic cos need strategic approach to tap India-Europe FTA gains: FICCI
Indian companies must adopt a strategic approach to fully leverage the European free trade agreement benefits, as tariff concessions alone may not suffice. The focus should be on product quality, market penetration, and building significant relationships with European buyers. Compliance with European standards will be crucial for export success, particularly for small enterprises.
Piyush Goyal to explore trade, investment avenues in Germany & Netherlands
Commerce and industry minister Piyush Goyal is set to visit Germany and the Netherlands for trade engagements. He will participate in the Berlin Global Dialogue and meet various government officials in Germany. The focus will be on technological cooperation, clean technology, and the India-EU FTA negotiations. In the Netherlands, Goyal will hold ministerial meetings to explore expanded trade channels and green transition initiatives.
India presents a compelling investment proposition for German firms, FICCI says
Indian industry is poised for growth as German companies are encouraged to invest in manufacturing capacities. The upcoming India-European Union free trade agreement aims to strengthen trade ties and foster economic partnerships. Opportunities exist in sectors such as automotive technologies and renewable energy as urbanisation and incomes rise. The bilateral trade has seen an increase, highlighting the growing economic relationship.
‘Middle powers’ grapple with new survival strategies under Trump era
Middle-power countries like India, Canada, and the UK are navigating a transformed global landscape. They face challenges from supply chain disruptions caused by geopolitical tensions and competition between superpowers. Leaders at the New Economy Forum emphasized the importance of collaboration among these nations for mutual benefits. Strategies discussed included diversifying trade partners and enhancing resilience in supply chains.
Deepening trade ties, FTA utilisation key to India's USD 1 trillion export target: CII's Sanjay Budhia
India aims for one trillion dollars in exports by 2026-27. This ambitious goal requires significant growth in both goods and services. Deepening engagement with current partners is crucial for reaching this target. Diversifying into new and emerging markets will also be important. Maximizing trade agreements will further support export expansion.
India eyes preferential market access in US trade push, highlights strong growth position: Piyush Goyal
India is actively pursuing preferential access and the best possible trade deal with the United States. Union Minister Piyush Goyal highlighted India's strong position among emerging economies. Recent WTO discussions focused on critical trade areas, with agreements reached on integrating smaller economies and addressing fisheries subsidies.
Piyush Goyal reiterates govt's commitment towards $2 tn exports, says right building blocks in place
During an address at FICCI's event in New Delhi, a Union Minister reaffirmed the government's dedication to achieving the ambitious target of $2 trillion in exports under the leadership of the Prime Minister. The Minister also emphasized that the necessary foundations are firmly established for this goal.
Tesla to double component imports from India, says Piyush Goyal
Goyal, who is currently on a four-day visit to the US to attend the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting and the Asia-Pacific Economic Cooperation (APEC) Summit, was, however, unable to meet Tesla chief Elon Musk during his visit to the plant.
Tata Steel CEO Narendran raises concern over rising steel imports in India
Tata Steel CEO T V Narendran expressed concern over India's net importation of steel and assured the government of intervention if imports increase. India has already raised concerns over the carbon tax with the European Union and the WTO. Tata Steel is seeking financial aid from the Netherlands government to execute its decarbonisation plans, which aim to produce CO2-neutral steel by 2050 in Europe.
Tesla executives meet Invest India chief, may meet Piyush Goyal
The EV manufacturer has been wanting to sell its cars in India, but the government has not accepted its demand for lower duties, instead suggesting the company manufacture its cars in the fast-growing Indian market.
Tesla executives meet Invest India chief, may meet Piyush Goyal
ET had learnt earlier that the stakeholder ministries — the ministry of commerce and industry as well as the ministry of electronics and information technology (MeitY) — have been discussing the electric carmaker’s plans to set up car and battery manufacturing facilities in India since Musk met Prime Minister Narendra Modi in the US last month.
WTO extends ministerial in a desperate quest for consensus
The four-day ministerial was to conclude on Wednesday, but director-general Ngozi Okonjo-Iweala late Tuesday night decided to extend the talks by a day to reach some agreement.
100-150 lakh tonne wheat exports likely this year, India to export wheat to Egypt: Piyush Goyal
ET had last month reported that the commerce and industry ministry is exploring new potential markets for Indian wheat in Egypt, Turkey and Italy as the Russia-Ukraine conflict has impacted its shipments globally.
India exports rise to record high of USD 418 bn in FY22
Outbound shipments touched an all-time high of $40.38 billion in March, commerce and industry minister Piyush Goyal said as he assured that India will step up wheat supplies to countries hit by the Russia-Ukraine War.
India bans onion seed exports with immediate effect
The govt on Thursday banned exports of onion seeds with immediate effect. Earlier, the export of onion seeds was in the restricted category, which means an exporter was required to obtain a licence or permission from the government for shipments.
Indian embassy in the Netherlands to start printing passports
Ambassador Venu said Indian nationals will soon be able to submit various documents to the embassy via post and will also be able to receive various documents from the embassy by post. It will ease the current process as visits to the Visa Facilitation Service centres in the Netherlands could be avoided henceforth, the statement said.
Defence industry received $8.82 million FDI during Apr 2000- Dec 2019: Govt
The top countries from where India attracted maximum FDI during the period include Mauritius, Singapore, Japan, Netherlands and the US. In a separate reply, the Commerce and Industry Minister Piyush Goyal said total merchandise imports from China were USD 76.3 billion in 2017-18, which decreased to USD 70.3 billion in 2018-19.
India jumps 5 places to 52nd rank in global innovation index 2019
Commerce and Industry Minister Piyush Goyal released the Global Innovation Index (GII) rankings here.
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