Page 10 - Piyush Goyal

India will retaliate if EU enforces carbon tax on exports: Piyush Goyal

India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday. Under the EU's Carbon Border Adjustment Mechanism (CBAM), Indian exports of steel, aluminum, and cement to the EU could face tariffs of 20-35 per cent. He said that gradually the talks about climate is dwindling and termed the CBAM as "very very irrational regulations". The minister asserted that the developed countries should share technologies and and finances to developing and least developing nations to deal with the issues related to climate change. "If they will put in carbon tax, and now there is a big if for obvious reasons. If they do put it in, we will retaliate. They will put it on products which really will hurt their own economy and the retaliation will further hurt their economy," Goyal said here at an function. "I think it will be very silly particularly to put tax on friendly countr

Piyush Goyal meets Belgian Defence Minister, Minister-President of Flanders

According to a Ministry of Commerce and Industry release, this engagement follows HRH Princess Astrid of Belgium's March 2025 visit to India

Union Minister Piyush Goyal meets Indian representatives in London

On April 28, Piyush Goyal met with the UK's Secretary of State for Business and Trade, Jonathan Reynolds, to advance negotiations for a Free Trade Agreement (FTA) between the two nations

India, UK resume talks in bid to clinch FTA amid US tariff concerns

Goyal returned to London for the talks, a British government spokesperson said, after a two-day visit earlier in the week ended without a final agreement

India-EU trade pact to address tariff and non-tariff barriers equally

Commerce Minister Piyush Goyal says India-EU trade deal to focus on tariff and non-tariff barriers alike, with both sides targeting a meaningful pact by end of 2025

India stresses focus on non-tariff barriers, import duty in EU trade talks

India has emphasised that resolving non-tariff barriers faced by businesses is as important as addressing import duty issues for meaningful progress in talks on the proposed free trade agreement with the European Union (EU), an official statement said on Friday. The progress of the talks was discussed during the meeting between Commerce and Industry Minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic in Brussels. Both leaders also reaffirmed their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025. "India emphasised that meaningful progress in trade negotiations requires an equal focus on Non-tariff Barriers (NTBs) alongside tariff (import duty) discussions and regulatory frameworks must be inclusive, proportionate, and avoid restricting trade," the commerce ministry said. The country has earlier on multiple occasions flagged NTBs being faced by domestic industry in the European Union markets

Piyush Goyal meets UK Foreign Secretary David Lammy in London

Goyal also addressed a gathering, alongside UK Secretary of State for Business and Trade Jonathan Reynolds, and spoke about the bright future ahead for the India-UK partnership

Startup leaders meet Piyush Goyal to discuss innovation, ecosystem growth

Top founders pushed for reforms to attract global talent, boost deeptech, drive investment, steps to ease business operations-including the process of "flipping" companies back to India from overseas

Piyush Goyal meets UK counterpart Reynolds to resolve pending FTA issues

Government officials said that the trade deal talks between India and the UK are inching towards conclusion

Piyush Goyal meets UK business minister Reynolds to discuss trade deal

"The business and trade secretary will meet with the Indian Minister of Commerce in London today and tomorrow to progress negotiations on a UK/India free trade agreement," UK PM's spokesperson said

Goyal criticises attempts to secure pharma patents via minor innovations

Commerce and Industry Minister Piyush Goyal on Sunday criticised attempts of certain firms to secure pharmaceutical patents through minor incremental innovations, stating that such practices could deprive millions from access to affordable medicines. Just for the "super-natural" profits of a few companies and their shareholders, the world has to suffer and is deprived of quality and equitable healthcare, he said. "I received requests very often that we should also allow pharmaceutical companies... to have incremental changes to their patents and allow them to have a fresh patent for another long period of time, which we normally understand that as evergreening of patents. "It is so sad that just for the profit of a few companies, just for the supernatural profits of a select few companies and possibly their shareholders, the world has to suffer," he said here at an event. Section 3(d) of the Indian Patents Act, 1970 restricts patents for already-known drugs unless the new claims ar

India won't allow transshipment of goods to other regions: Piyush Goyal

Says govt has been able to protect domestic steel industry from 'dumping'

Govt protecting local steel players from dumping, low prices: Piyush Goyal

India is poised to contribute significantly to global steel demand, Union Minister Piyush Goyal said on Friday while emphasising that the government has been able to protect the domestic steel industry from unfair dumping and irrationally low pricing. Speaking on the sidelines of the Steel India 2025 event here, jointly hosted by the Ministry of Steel and industry body Ficci, Goyal also said both exporters and the MSME sector will continue to get steel at international prices. "India is consistently focused on self-reliance (Atmanirbharta). But when we talk about Atmanirbharta, we are not closing the doors to the world. We are in fact opening the doors wider because every country will have its competitive advantages for different products," he said. The Indian steel industry is a very highly efficient and cost-effective, high-quality producer, the Union Commerce and Industry Minister said. "Therefore we believe that this is one sector where we will not only meet the growing needs o

Nation united to hold Pahalgam perpetrators accountable: Piyush Goyal

Union Minister Piyush Goyal on Friday said the entire nation is united in its commitment to hold accountable the persons responsible for the terror attack in Pahalgam, in which 26 people lost their lives. Speaking at an event here, Goyal said Tuesday's attack has caused outrage from "Kargil to Kanyakumari". Terrorists opened fire in a meadow near Pahalgam in south Kashmir on Tuesday afternoon, killing 26 persons, mostly tourists. "This is a moment when the entire country comes together and, in one voice, expresses both its anger and collective commitment to hold accountable those responsible for this heinous crime," the Union commerce minister said. "There is an outrage from Kargil to Kanyakumari over the dastardly attack on innocent lives at Pahalgam. We are all united in grief. I offer my condolences to the victims and pray for the speedy recovery of the injured. May god give strength to the families who are deeply impacted by this extremely heinous and criminal act committed by

National Herald case: Goyal calls it a Rs 5,000 cr 'open and shut' scam

Union minister Piyush Goyal on Saturday said the action by the Enforcement Directorate (ED) in the National Herald case is aimed at protecting the nation's assets from being "taken over by the Gandhi family for personal use". Goyal alleged that Congress leaders Sonia Gandhi and Rahul Gandhi were involved in a conspiracy to take control of the property, originally meant for public interest, through the now-defunct National Herald newspaper. The ED's action in the National Herald case is to save the nation's assets, the Union commerce minister told reporters here. Such property should be returned to the people, he said. It should be utilised for the people and not the Gandhi family, which was trying to keep it for its own interests, he claimed. The Enforcement Directorate (ED) has filed a chargesheet against Congress leaders Sonia Gandhi, Rahul Gandhi and others on charges of money laundering in the National Herald case.

India set to become trusted bridge of connectivity via IMEC: Piyush Goyal

Goyal said that the IMEC is a powerful endorsement of the leadership and partnership of India, Middle East and East Europe

India to expand trade ties with nations offering fair FTAs: Piyush Goyal

India will expand its trade ties with nations that will offer fair, balanced and equitable free trade agreements (FTAs), Commerce Minister Piyush Goyal said on Wednesday, stressing that the country's gains must match its offer of accessing a 1.4 billion-strong, and fast-growing consumer market. He said that India is negotiating FTAs with different countries and regions, including the European Union (EU) and Oman. The remarks also assume significance as India is negotiating a bilateral trade agreement with the US. The aim is to finalise the first phase of the pact by the fall (September-October) this year. "So we will be expanding our trading relations with countries where we get a fair deal, where we can have equitable and balanced free trade agreements, where India's gains commensurate with what we are offering, a large market of 1.4 billion people, growing market, the world's fastest growing economy," he said here at India-Middle East-Europe Economic Corridor (IMEC) Conclave ...

Goyal meets Starlink delegation; discusses future investment plans in India

Commerce and Industry Minister Piyush Goyal on Wednesday met a delegation of satellite internet services provider Starlink and discussed their existing partnerships and future investment plans in India. "Met a delegation from @Starlink, comprising of Vice President Chad Gibbs & Senior Director, Ryan Goodnight. Discussions covered Starlink's cutting-edge technology platform, their existing partnerships and future investment plans in India," Goyal said in a post on X. Billionaire Mukesh Ambani's Reliance Jio in March announced a pact with Elon Musk's SpaceX to bring Starlink satellite internet services in India. Telecom tycoon Sunil Bharti Mittal's Bharti Airtel has also signed a similar partnership deal with SpaceX.

India's startup failure isn't about ambition, it's about the economy

Criticism of Indian startups may be valid, but the real culprit behind their consumer focus and lack of innovation is the govt's economic model

Goyal likely to visit Europe this month to boost trade, investment ties

Commerce and Industry Minister Piyush Goyal is likely to visit two European countries later this month with an aim to further boost trade and investment ties, an official has said. The minister is expected to lead a business delegation to these countries, the official said. The visit assumes significance as India signed a comprehensive free trade agreement with the four European nation bloc EFTA in March last year. It is expected to be implemented this year. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. India has set up a dedicated platform EFTA desk to promote trade, investment, and business facilitation .