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Piyush Goyal invites French firms to invest and manufacture in India, highlighting the country's talent pool, scale and growing innovation ecosystem
During the visit, the minister is scheduled to meet Helene Budliger Artieda, State Secretary for Economic Affairs, and Guy Parmelin, Federal President of Switzerland
India and the US are close to finalising the first phase of their trade pact, with both sides aiming to sign a preferential access agreement by mid-July
New Delhi may pursue an investment commitment under the proposed CEPA with Canada, mirroring recent trade agreements that included long-term foreign direct investment targets
Commerce Minister Piyush Goyal said nine recently signed free trade agreements are expected to become operational within 10 months, with several more trade pacts in the pipeline
US Ambassador Sergio Gor said negotiators are working through the final technical and legal issues as both sides push to conclude the long-pending trade agreement
The Indian commerce ministry's early assessment suggests India's exports to Oman can grow to $7 billion within two years
Goyal said large parts of the agreement had already been finalised and that discussions were currently focused on a few remaining issues
Goyal also discussed ways to further deepen India-US trade, investment and supply-chain partnerships during the closed-door roundtable interaction on Thursday
The pact will be important for expanding market access, supporting resilient supply chains, and enabling two-way economic growth
The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round of negotiations is underway in Ottawa
Piyush Goyal pitched India as a long-term investment destination during his Canada visit as both countries accelerate negotiations for the proposed CEPA trade agreement
Goyal also held a series of bilateral meetings with business representatives to discuss investment opportunities in India and areas of increasing collaborations
Carney, after a meeting with Goyal, called the Cepa between the two nations a "game changer".
Goyal said that he has arrived in Ottawa with the largest Indian business delegation in the country's history, showcasing India's commitment to the relationship
Piyush Goyal's Canada visit is set to push CEPA talks forward, with energy security, clean energy and trade diversification in focus
He also said that while the world is going through a turmoil, India is relentlessly rising on global stage as it is recording health growth in exports and foreign direct investment (FDI)
He said that a series of meetings is in the pipeline with leaders and businesses in Ottawa and Toronto
According to the minister, the Centre expects states to provide a favourable environment to encourage industrial development
Piyush Goyal reviews plans to boost domestic manufacturing and reduce imports amid supply chain disruptions linked to the West Asia crisis