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Commerce and Industry Minister Piyush Goyal on Monday asked the industry to identify goods that can be manufactured in India to help reduce import dependence of those products. He also suggested increasing exports and buy goods manufactured in India, rather than importing them. Addressing domestic traders, he said, "You should keep an eye on what goods are being imported, you will see opportunities in that too, what things can be manufactured in India." Goyal urged stakeholders to study import trends through the commerce ministry's trade portal and identify opportunities for domestic manufacturing and import substitution. The minister said despite global economic uncertainties, triggered by Russia-Ukraine and West Asia crisis, India's exports rose about 5 per cent to USD 863.11 billion in 2025-26. "This year's target is USD 1 trillion. This is a big target. We have to work together for this," Goyal said, adding that the industry should focus on quality, improving competitiveness a
India's annual defence exports touched an all time high of Rs 38,424 crore in the financial year 2025-26, marking an over 62 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Thursday. The "big jump" in the defence exports reflected the growing "global trust" in India's indigenous defence capabilities, Singh said in a social media post, adding the country is "scripting an impressive defence exports success story." "India defence exports have touched a new all time high with a record Rs 38,424 crore in FY 2025-26. It marks a robust 62.66 per cent growth over the previous fiscal," the defence minister said. "This big jump of Rs 14,802 crore in defence exports reflects the growing global trust in India's indigenous capabilities and advanced manufacturing strength," he said. With DPSUs (defence public sector undertakings) contributing 54.84 per cent and private industry 45.16 per cent, this milestone showcases the power of a collaborative and self-relian
A leading Israeli small arms manufacturer has delivered the first batch of light machine guns (LMGs) to India under the 'Make in India' initiative with technology transfer. The first batch of 2,000 NEGEV 7.62x51 LMGs, part of a larger contract for 41,000 units, was delivered over the last weekend, with an additional 4,000 scheduled for delivery later this year, the Israel Weapons Industries (IWI) said in a recent press release. The delivery was carried out by PLR Systems, a joint venture between IWI and Adani Group, the first private company in India to manufacture small arms and ammunition. "The milestone follows the successful completion of the technology transfer process under India's 'Make in India' initiative and reflects IWI's commitment to delivering advanced systems in accordance with contractual schedules and the highest quality standards, while supporting India's defence manufacturing ecosystem," the company said. The NEGEV 7.62x51, one of the lightest 7.62 mm light machi
Union Commerce and Industry Minister Piyush Goyal held a meeting with Patrik Jonsson, Executive Vice President and President of Lilly International, discussing India's growth trajectory and the company's expanding presence in the country.Sharing details of the meeting on X, Goyal said on Friday that the discussions focused on Eli Lilly and Company's increasing operations and investments in India, and ways to further strengthen the 'Make in India for the world' initiative."Held a meeting with Patrik Jonsson, Executive VP and President, Lilly International, USA. We discussed the India growth story, Eli Lilly & Company's expanding operations and investments in India, and the steps to further strengthen Make in India for the world," the post read.Earlier in the day, Piyush Goyal held a virtual meeting with Harry Theoharis, Greece's Deputy Minister of Foreign Affairs. He highlighted that the discussions revolved around deepening cooperation between India and Greece."Held a virtual ...