Commerce and Industry Minister Piyush Goyal said that the government is taking steps to promote exports such as entering into free trade agreements and promoting brand India
According to a report of the think tank Global Trade Research Initiative (GTRI), CBAM will translate into a 20-35 per cent tax on select imports into the EU, starting January 1, 2026
These eligible firms are allowed to seek fiscal incentives under the Startup India Action Plan, which was launched in January 2016, and that includes income tax exemption for three years
Goyal, however, did not take the name of DMK member D N V Senthil Kumar who had made the controversial remarks
During the meeting, US and Indian CEOs provided both governments with updates on the status of their recommendations on how to advance US-India commercial ties, it said
The government will initially roll out 10-11 laboratories in different parts of the country, seven of which will be hosted in the seven textile research associations, Union minister Goyal said
Goyal said India is a global bright spot for investors, where "our market capitalisation has just touched $4 trillion two days back"
Assembly elections in Telangana are scheduled to be held in a single phase on November 30
The capacity building session will allow MSMEs to learn about imaging, digital cataloguing of their products, tax advisory amongst others
Tesla would commit an initial minimum investment in any plant of around $2 billion and would look to increase purchases of auto parts from the nation to as much as $15 billion
Goyal said both sides had several rounds of negotiations, and 20 out of 26 chapters have been sealed
These disruptions have created monumental challenges of food and energy security, cost of living and achievement of the sustainable development goals, Goyal added
Goyal also participated in the Investor Forum of the Partnership for Global Infrastructure and Investment (PGII)
On this, Prime Minister Narendra Modi said this is a "notable feat" and it marks a milestone in India's journey towards an innovation-driven knowledge economy.
Piyush Goyal, who is on a four-day visit to US, earlier held a meeting with the CEO of Micron Technology Sanjay Mehrotra and discussed how India's growing semiconductor ecosystem
In June this year, Micron Technology had announced its plans of investing $825 million in a new chip assembly and testing plan in Gujarat
Elon Musk apologises for failing to meet minister at California plant
Elon Musk was unable to meet with Piyush Goyal in person as he was unwell and could not travel to California
Commerce and Industry Minister Piyush Goyal is in the US for a four-day visit. He reached San Francisco on November 13.
He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9 billion from India this year, having bought $1 billion of components last year