The proposal gained broad support at a meeting chaired by commerce minister Piyush Goyal on Tuesday after small industries dropped initial opposition once they received assurances
The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him
The pact came up for discussion during an interaction between Commerce and Industry Minister Piyush Goyal and Ambassadors of the European Commission delegation
In a written reply to the Rajya Sabha, Goyal said that the structure of RCEP did not adequately address the ambitions and concerns of India's stakeholders
He also said the ministry can earmark particular areas in the proposed industrial townships for the MSMEs
The bill, which aims to decriminalise seven offences and promote ease of doing business, was cleared in the Upper House by a voice vote
The long voyage time due to ships taking longer routes through Cape of Good Hope has impacted global trade, including Indian exports, Commerce and Industry Minister Piyush Goyal said on Tuesday.
He said that people of the world would have to focus on consuming products which are environmentally sustainable
Piyush Goyal added that environmental challenges are not a function of the carbon emitted through manufacturing, but 'it is a greater function of the carbon caused by (our) consumption'
In his speech, Piyush Goyal reflected on the aspirations for India as it moves toward celebrating 100 years of independence in 2047
Assam Chief Minister Himanta Biswa Sarma and Industry Minister Bimal Bora were also present on the occasion along with stakeholders, including buyers, producers and small tea growers
Goyal, who was addressing a press conference here in the Capital, stated that as both issues were handled by different ministries, he had no personal knowledge of what was happening
The Union minister's comments come amid apprehensions that the new US administration may impose some tariffs on Indian goods
These imports stood at $8.4 billion in 2023-24 against the authorisation of about $9.5 billion. Most of these imports were coming from China
In the meeting, the commerce and industry minister highlighted the issues faced by the Indian exporters arising due to EU's green economy measures such as CBAM and EU Deforestation Regulation
He called for a greater collaboration with France in the defence sector and also underlined that India's robust patent-protected regime does not insist on technology transfer
Odisha CM Mohan Charan Majhi paid floral tribute to BR Ambedkar in Bhubaneswar on the occasion of 'Samvidhan Diwas'. CM Majhi along with state ministers is also holding a padayatra in Bhubaneswar
Addressing realtors' apex body CREDAI's 25th foundation day, he also asked developers to build affordable rental housing projects to prevent the proliferation of slums
Goyal said We are very happy to know that the youth is celebrating 75 years of formation of the Constitution
He further highlighted that the victory reflected the people have supported the good work done by leaders like Prime Minister Narendra Modi, Devendra Fadnavis, Eknath Shinde, and Ajit Pawar