Page 2 - Commerce Ministry

DGFT plans to launch digital platform to link testing, inspection agencies

DGFT, the foreign trade arm of the Commerce Ministry, on Monday said it plans to launch a pilot of Bharat Aayat Niryat Lab Setu, a digital single-window platform to link testing and inspection agencies nationwide for faster and paperless certification of export and import consignments. The Directorate General of Foreign Trade (DGFT) said that the initiative seeks to streamline the process of testing and certification by digitally connecting exporters, importers, and accredited testing and inspection agencies through a unified online interface. "The DGFT proposes to initiate the pilot of Bharat Aayat Niryat Lab Setu - a digital platform integrating testing and inspection agencies across the country under a single window," it said in a trade notice. The pilot phase will commence from November 4, and exporters and importers will be able to submit applications for product and commodity testing through the platform from November 11 this year. The platform will reduce delays, improve ...

Core sector growth slips to 3-month low of 3% in Sep as energy output fall

Core sector growth eased to a 3-month low in September as output in coal, crude oil, refinery, and gas declined, even as steel demand stayed robust

Centre working on steps to boost rare earth supply chain: Piyush Goyal

Commerce minister Piyush Goyal says India is building resilient supply chains and negotiating pacts with Chile and Peru to boost access to rare earth minerals

India's exports up 6.74% in September, trade deficit stood at $32.1 bn

India's exports grew by 6.74 per cent to USD 36.38 billion in September despite global headwinds. Imports jumped 16.6 per cent to USD 68.53 billion. The country's trade deficit stood at USD 32.1 billion during the month. Imports surged due to the increase in imports of gold, silver, fertiliser and electronics. In April-September this fiscal, exports increased by 3.02 per cent to USD 220.12 billion. Imports rose 4.53 per cent to USD 375.11 billion, the commerce ministry data showed.

Nearly 4,000 GST complaints filed in first week of reforms, says govt

The Consumer Affairs Ministry said the National Consumer Helpline received 3,981 GST-related complaints in the first week of reforms, mainly on milk pricing and electronics

Rajesh Agrawal takes charge as commerce secretary from October 1

Rajesh Agrawal, a 1994-batch IAS officer from the Manipur cadre, takes over as commerce secretary from October 1, succeeding Sunil Barthwal as India advances major trade negotiations

Govt maps 12,167 HSN codes to ministries to boost ease of doing business

The government has prepared a guidebook mapping 12,167 HSN codes to 31 ministries and departments to promote a data-driven approach for streamlining regulatory processes and enhancing ease of doing business, according to a statement on Sunday. In trade parlance, every product is categorised under an HSN (Harmonised System of Nomenclature) Code. It helps in systematic classification of goods across the globe. Additionally, the development will support more effective trade agreement negotiations that are aligned with national economic priorities and domain strengths. "With the facilitation for identification of the relevant ministry or department for specific HSN Codes, this initiative will streamline regulatory processes and further enhance ease of doing business," the commerce and industry ministry said. The move follows persistent challenges faced during trade negotiations, import substitution efforts and redressal of industry concerns due to the absence of definitive mapping of .

Piyush Goyal to visit US on Monday to push for early trade deal talks

Goyal's visit follows a positive meeting between trade negotiators in New Delhi last week as India and the US step up efforts to resolve tensions and conclude a trade agreement

Commerce ministry tells retailers to highlight discounts from GST rate cuts

The commerce and industry ministry has directed physical retail chains to prominently display and advertise discounts due to the recent GST rate rationalisation. In a communication to the Retailers Association of India, Department for Promotion of Industry and Internal Trade (DPIIT) said retailers should reflect the GST reduction in the receipt / bill as GST discount and major focus be given on high impact products. "Prominently display and advertise 'Discount due to GST' through their networks. For example - posters / flyers and ads (print, TV and online) through their own retail networks," it said. The department has also suggested that sales figure be monitored during this festive season and highlighted through various channels. Nearly 400 products - from soaps to cars, shampoos to tractors and air conditioners - will cost less when the rejig of the GST is effective from the first day of Navaratri on September 22. Starting September 22, the GST slab structure will change - 5 pe

India's exports to surpass 2024-25 levels, GST reforms to aid growth: Goyal

India's exports during the current financial year would be higher than 2024-24, said Union Minister Piyush Goyal on Thursday, while asserting the government is working at a fast pace for diversification of outbound shipments. The commerce and industry minister also said the industry has committed to pass on the benefits of the GST rate reduction to consumers. "This has been a very special year for consumers," he said while referring to the Income Tax benefits effected through the Union Budget and GST reforms announced on Wednesday evening. Talking to reporters here, the minister said the reforms announced on the GST front will have multiplier impact on the economy and help in keeping inflation at low levels. "Industry has committed they will pass on the benefits of GST rate reduction to consumers," Goyal said, adding he has spoken to industry associations and large corporates. The minister further said reduction in prices also benefits industry as it leads to higher demand which i

Goyal urges industry to pass on GST rate cut benefits to consumers

The industry must pass on to consumers the full benefits of the GST rate reductions, the "biggest ever reform" since India's independence, Union Minister Piyush Goyal said on Thursday. Union Commerce and Industry minister said the GST reforms would boost demand in almost all sectors, supporting the economic growth of the country. He urged the industry to encourage the sale of products made in India in a big way. The minister addressed a joint event of the 2nd edition of India MedTech Expo 2025 and IPHEX 2025, which is the 11th international exhibition on pharma and healthcare. He also spoke at Bharat Nutraverse Expo 2025. Talking about India's growth story, Goyal said the country in the next two years would become the third largest economy. India will grow from a USD 4 trillion economy to a USD 30 trillion economy by 2047. "Yesterday's reform in indirect taxes in GST, coming on the back of several initiatives over the last 11 years, is transformational in nature, significantly ...

Commerce ministry holds talks with exporters to counter steep US tariffs

The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is progressing fast on the formulation of the Export Promotion Mission, announced in the Budget for 2025-26. "In the next 2-3 days, the ministry will meet stakeholders on the diversification of exports," the official added. The steep 50 per cent tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than USD 48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. Sectors such as pharma, energy ...

Apeda to open offices in Patna, Raipur, Dehradun to aid agri exporters

The commerce ministry's arm, Agricultural and Processed Food Products Export Development Authority (APEDA), has decided to open its three new regional offices in Patna, Dehradun and Raipur to support agri exporters, an official said. At present, the Delhi-headquartered authority has 16 regional offices in cities, including Bengaluru, Srinagar, Jammu, Ladakh, Guwahati, Mumbai, Varanasi, Kochi and Bhopal. The functions of the authority include development of industries relating to a certain number of products for export, registration of persons as exporters of those products, fixing of standards, improving packaging, and marketing. The official said the new offices would promote shipments by agri exporters. APEDA has taken a series of measures to boost the country's agri exports, which crossed USD 50 billion in 2024-25. "Focused measures are being taken by APEDA to diversify exports of its scheduled products, including GI-tagged products. This includes boosting exports of traditional

DGTR suggests safeguard duty on imports of some steel items for 3 years

The commerce ministry's arm, DGTR, has recommended final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from sudden jump in the inbound shipments. The duty was recommended by the directorate general of trade remedies (DGTR) in its final findings of a probe initiated on a complaint by the Indian Steel Association. Based on the preliminary findings, the government in April has already imposed a provisional 12 per cent safeguard duty for 200 days. Now in its final findings, the DGTR has concluded "that there is a recent, sudden, sharp and significant increase in imports of PUC (product under consideration) into India at the cumulative level as a result of unforeseen developments...and threaten to cause serious injury to the domestic industry/producers," the DGTR has said in a notification. It has recommended a 12 per cent duty in the first year, 11.5 per cent in the second, and 11 per cent in the third year.

India remains fully engaged with US on trade negotiations: Commerce Secy

Barthwal said that Washington is a very important trade partner for New Delhi. A US delegation is scheduled to arrive in New Delhi for the next round of negotiations on August 25

Centre wants states to support exporters hit by Donald Trump tariff

Exporters have warned that the US tariff hike poses a setback, affecting nearly 55 per cent of India's shipments to the American market

India, US 'actively involved' in trade talks: Govt a day after MEA rebuke

This follows a scathing response from the MEA a day earlier to US President Donald Trump's threat of higher tariffs on Indian goods for importing Russian oil

We are reviewing Prez Trump's 25% tariff, committed to fair trade deal: GoI

The commerce ministry said the Indian government remains committed to a fair trade deal and will take all necessary steps to protect national interests

Looking to speed up talks to review Asean trade pact: Piyush Goyal

Commerce Minister Piyush Goyal discusses the ongoing review of the India-ASEAN trade pact with Malaysia's T Zafrul Aziz, highlighting challenges and the need for fair trade and a comprehensive deal

Small tea growers ask Centre to set up fair price discovery mechanism

Small tea growers, who contribute more than 50 per cent to the crop production of the country, have urged the Centre to set up a fair and transparent price discovery mechanism so that they can realise a proper value by selling leaves to factories. In a letter to Commerce Minister Piyush Goyal, the Confederation of Indian Small Tea Growers Associations (CISTA) suggested a price protection scheme modelled on the lines of the minimum support price (MSP). It said the Tea Board should undertake a detailed study to determine an equitable price-sharing ratio between small growers and factories. Small growers are facing the persistent challenge of poor price realisation, which is undermining the sector's sustainability, CISTA president Bijoy Gopal Chakraborty said. Small growers contribute more than 52 per cent to the country's tea production, and a proper price realisation mechanism should be identified so that livelihoods are sustained, he said. Chakraborty said the association has alre