Page 22 - Commerce Ministry

Trade pact with UAE may benefit $26 bn worth of Indian goods: Official

India-UAE on February 18 signed the comprehensive economic partnership agreement with a view to boosting bilateral trade in goods to USD 100 billion over a 5 year period and creation of lakhs of jobs

India, UAE entering golden era of economic, trade cooperation: Piyush Goyal

India and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security

Ensure effective, useful outcome of TRIPS waiver discussions at WTO: SJM

India should not agree to any text until it has been fully vetted and endorsed by technical experts: RSS-affiliate Swadeshi Jagran Manch (SJM)

India and Australia close to sealing early trade pact, says Piyush Goyal

The negotiations should be complete within 30 days, Goyal told a joint news briefing with Australian Trade Minister Dan Tehan

Millets export from India to increase exponentially in coming years: Govt

India is the fifth largest exporter of millets in the world, according to 2020 data, with exports continuously increasing at around 3 per cent CAGR in the last five years ending with 2020

Budget 2022: SEZ 2.0 to revive activities, says Commerce secy Subhramanyam

Subramanyam also said that the Union Cabinet has already approved the interest equalisation and the modified version of the scheme will be soon notified

It should take 4-6 months on final framework for new SEZ law: Goyal

The commerce ministry is holding consultations with all stakeholders on the proposal to replace the existing law governing SEZs with new legislation, Piyush Goyal said

Exports of marine products jump 35% to $6.1 bn during Apr-Dec 2021

Exports of marine products jumped 35 per cent to $6.1 billion during April-December 2021 as compared with $4.5 billion in the same period of the previous year, the commerce ministry said

Make 'vocal for local' a national movement: Goyal tells girl innovators

Piyush Goyal told girl innovators to make 'vocal for local' a national movement and become ambassadors for quality to further promote entrepreneurship in the country.

Electronics production in India to reach $300 bn by 2026: Report

Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics (NPE) 2019 had set a target of achieving a turnover of USD 400 billion by 2025. However, the industry will be unable to achieve the target set by NPE 2019, due to the adverse impact of COVID-19 pandemic on the sector, the report said, adding that "the COVID-19 pandemic brought with it unforeseen and unprecedented challenges." "The NPE 2019 targets for electronics production in 2025-26 at USD 300 billion appears to be more realistic considering the disruption on account of COVID-19 in the past 18 months which has been aggravated with the new variants of the COVID-19 virus such as Omicron," the report said. The India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo while sharing the details of the report said that the reduced target still aims for a 400 per cent increase from the current level, which

Govt taking significant steps to boost startup ecosystem: Piyush Goyal

The government is taking significant steps such as resolving the angel tax issue, simplification of tax procedures, and self-certification, Commerce and Industry Minister Piyush Goyal said on Friday.

Agri exports likely to cross $50 bn this fiscal: Commerce ministry

The country's exports of agricultural products increased 23.21 per cent to USD 31.05 billion in April-November 2021 and is expected to cross USD 50 billion for the "first time" this fiscal

Traders body CAIT asks govt for robust and unambiguous e-commerce policy

Alleges that FDI policy has been continuously violated by foreign-funded e-commerce firms right under govt's nose, no action taken against such companies so far

Goyal assures full support to IT firms in pushing growth, exports to $1 trn

Commerce and Industry Minister Piyush Goyal assured full government support to leaders of top IT companies in pushing the growth of the sector and taking services exports to $1 trn in a decade.

Piyush Goyal urges global VC funds to focus on startups in smaller cities

Commerce and Industry Minister Piyush Goyal called upon the global venture capital funds to focus more on startups from tier 2 and 3 cities of the country and explore new sectors for investing.

India, UK FTA to boost cooperation in tourism, tech, startups: Piyush Goyal

Union Minister of Commerce and Trade Piyush Goyal said that the agreement will expand cooperation in tourism, technology, startups, education, climate change, etc.

Exports rise 33% to $7.63 billion during Jan 1-7 period: Govt data

The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery

India's exports going strong, says commerce ministry official

Joint Secretary in the Department of Commerce Amitabh Kumar stressed on increasing India's share in global exports

Commerce ministry likely to soften stance on 21st century issues at WTO

The commerce secretary said including 21st century issues in bilateral deals would bring both opportunities and challenges for Indian industry

India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data

Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed