Piyus Goyal

India needs 'last push' to become third-largest economy: Piyush Goyal

India, which became the fourth-largest economy earlier this year, is expected to overtake Germany and move into the third position in the next 2.5-3 years

Can consider visa on arrival for US, Europe on medical treatment: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said offering visa on arrival facilities for medical treatment can be considered to patients from countries such as the US. The idea was floated in the CIIs annual health summit here. "The idea about visa on arrival is a good idea. We will pursue that...For many countries, we allow visa on arrival, we allow e-visas...both these can be considered let's say for the United States, most of the European countries... not all by the way ...for most of the countries where we have a fair amount of comfort and where detailed investigations or enquiries are not required," Goyal said. He suggested the CII to work on the idea and share with the government. "Off course one has to look at what will be the certifications and which are the countries for which we can allow that," he added.

GST rate cuts reaching consumers, reforms widely welcomed: Sitharaman

Sitharaman explained that while a few products witnessed a smaller-than-expected pass-through, overall, the rate cuts have effectively translated into lower prices for consumers

Must ensure that GST benefits are passed to consumers, says Piyush Goyal

At EEPC India's Platinum Jubilee celebrations, the Commerce Minister said the next-gen GST reforms will strengthen industry, trade and drive engineering exports

Piyush Goyal to review request for extension of QCO deadline for appliances

Commerce and Industry Minister Piyush Goyal has agreed to consider the domestic industry's request to extend the implementation timeline of the quality control order (QCO) for various electrical appliances, an official statement said on Friday. Department for Promotion of Industry and Internal Trade (DPIIT) convened a stakeholder consultation meeting under the chairmanship of the minister on May 15 to discuss the issues being faced by the industry in the implementation of horizontal QCO on "Safety of household, commercial and Similar Electrical Appliances" notified on September 20, 2024. The industry raised its concerns and highlighted issues faced by them in the implementation of the order on various electrical appliances. The DPIIT said that the industry supported the intent behind QCOs to ensure only high-quality products, but they requested for notifying these orders on finished goods first followed by QCOs on components and raw materials, considering the complexity of global .

Piyush Goyal highlights India-UK trade ties at London's Business Roundtable

Commerce and Industry Minister Piyush Goyal, who is in London on a two-day visit focused on bilateral trade and investment ties, addressed an India-UK Business Roundtable bringing together prominent business leaders and CEOs from both countries on Tuesday. The roundtable heard from the minister about the wide-ranging investment opportunities across sectors in India and the potential for innovation-led growth with greater two-way partnerships. Highlighted opportunities to strengthen economic ties, drive innovation-led growth, and expand investment avenues between India and the UK, Goyal said after the roundtable. It follows his interactions on Monday with a range of senior business leaders to explore the potential for greater collaborations with the UK. After a meeting with UK Business and Trade Secretary Jonathan Reynolds to advance the ongoing Free Trade Agreement (FTA) negotiations, Goyal held talks with Revolut Chair Martin Gilbert with a fintech focus and De Beers Group CEO Al

Today's youth don't run after govt jobs, but are job creators, says Goyal

Today's youth don't run after government jobs but have become job creators, Union minister Piyush Goyal has said. He was addressing a meeting Saturday night of the residents of Adarsh Welfare Association in Malad suburb of North Mumbai Lok Sabha constituency, from where he is contesting as a BJP candidate. BJP's incumbent North Mumbai Lok Sabha member Gopal Shetty also addressed the meeting and requested the housing complex members to vote for Goyal. Today's young men and women don't run after government jobs (but) with their talents become job creators. Today's youth are taking the country forward with new experiments and innovation, Goyal said. In the last 10 years, PM Narendra Modi took strong steps to strengthen India's economy. He attempted to bring in good governance in all areas. He brought in many schemes for the welfare of the poor, the Commerce and Industry minister said. PM Modi worked to bring India from the five fragile economies to the top five economies, the ministe

Union min Piyush Goyal visits Tesla's manufacturing facility in California

Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024. "Visited @Tesla's state of the art manufacturing facility at Fremont, California. Extremely delighted to see talented Indian engineers and finance professionals working at Senior positions and contributing to Tesla's remarkable journey to transform mobility. "Also proud to see the growing importance of auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India. Missed Mr @ElonMusk's magnetic presence and I wish him a speedy recovery," Goyal said on

KCR is running corrupt government in Telangana, alleges Piyush Goyal

Goyal said that KCR was trying to divide the society and fool the people of the state

Goods exports touched $447 bn in 2022-23; final numbers awaited: Goyal

The country's goods exports touched USD 447 billion till the last count for 2022-23 fiscal year as against USD 422 billion in 2021-22, Commerce and Industry Minister Piyush Goyal said on Tuesday. The final export and import data for 2022-23 would be released by the mid of April. At present, the ministry is in the process of collating the data. The trade data for goods comes with a lag of about 15 days and in the case of services data, it is 45 days. Goyal said that services exports are estimated to cross USD 320 billion in 2022-23. Growth in merchandise goods would be around 6 per cent for the last fiscal, he said, adding that it has grown from "USD 422 billion to USD 447 billion at last count (as the) final numbers are still awaited". He said the country's exports are growing despite global challenges such as rise in raw material prices, restrictions in exports of certain products like wheat and Russia-Ukraine war. "The final numbers (exports of goods and services will be closer

PM Gati Shakti to cut logistics cost, bring synergy among ministries: Goyal

The PM Gati Shakti initiative would help accelerate transportation, cut logistics cost, and bring synergy among ministries, Commerce and Industry Minister Piyush Goyal said on Friday. The PM GatiShakti - National Master Plan (NMP) was announced last year with an aim to break departmental silos and bring in more holistic and integrated planning and execution of projects with a view to addressing the issues related to multi-modal and last-mile connectivity. It aims at promoting integrated planning and synchronised implementation of infrastructure projects across the country. Goyal said the objective is to transform connectivity infrastructure in India. It would bring synergy among the ongoing infrastructure projects undertaken by different ministries and several ministries of the government have been brought on one platform under this mission, he said at an event in Varanasi. "This program will result in seamless connectivity across the country, benefitting the industry, trade as wel

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

India aspiring to take intl trade to $2 trn by 2030, says Goyal in US

India's goods and services exports crossed $675 billion in the last financial year and the government has set a target of achieving $750 billion for 2022-23

Commerce department being restructured to make it future ready: Goyal

The Department of Commerce is being restructured to make it 'future ready' and put in place an ecosystem to achieve the USD 2 trillion export target by 2030, Union Minister Piyush Goyal said on Tuesday. Talking to reporters here, the commerce and industry minister said that as part of the restructuring exercise, a dedicated trade promotion body would be set up to devise an overall strategy to achieve targets. The focus of restructuring, he said, will also be on strengthening negotiations capability at the World Trade Organisation (WTO) and for bilateral free trade agreements; centralisation and digitisation of trade facilitation processes and rehauling the data analytics ecosystem. The objective is to increase India's share in global exports and also to create jobs, he noted. Goyal also said that there will be no reduction of manpower in the Commerce Ministry on account of restructuring, but may go up. "Indian trade and commerce will not only be a strong element in India's march t

Trustworthiness, decisive leadership has led to India's growth: Goyal

'The country, which is now a USD 3 trillion economy, has announced a stable policy framework and respected every investment made across sectors'

India fully protected interests of farmers, fishermen at WTO meet: Goyal

Goyal said that the decisions taken in the conference will further strengthen the role of the multi-lateral body in promoting global trade

'India's textiles exports can touch $100 bn from current $40 bn in 5 years'

Textiles Secretary Upendra Prasad Singh said the country's apparel industry must focus on vertical integration to increase its scale and size to benefit from the production-linked incentive scheme

Textiles Min to examine issue of stock restriction for jute exports: Goyal

The assurance from the Union textiles minister came at a time when the Indian Jute Mills Association (IJMA) has initiated legal steps against the government

WTO needs to reassess the way it conducts its affairs, says Piyush Goyal

"The developed world must give the developing world the policy space to develop their economies and meet the needs of billions of people in this interconnected world," he said

Aim for $450 bn-$500 bn exports next year: Piyush Goyal tells exporters

Govt negotiating FTAs with various countries and blocs including the UK, UAE, Oman, Australia, Canada, EU, Russia and Southern African Customs Union, says Commerce Minister