Page 11 - Piyush Goyal

Reduce import dependency, focus on green construction, modular infra: Goyal

Commerce and Industry Minister Piyush Goyal on Sunday asked the construction industry players to reduce import dependency, focus on clean and green construction, and work towards earthquake-resistant and modular infrastructure. Speaking during the inauguration of the first edition of Chemicals & Allied Products Export Promotion Council's (CAPEXIL) Vibrant Buildcon 2025, in New Delhi, he said sectors, including housing, infrastructure, commercial real estate, railways, airports, highways, and energy play a key role in boosting the country's economic growth. "Every element, from cement and electricals to security systems and automation, plays a part in this ecosystem," he said. The government initiatives, including 20 new smart industrial cities, improved tourism infrastructure across 50 destinations, and 100 new industrial plug-and-play hubs would help India move from a USD 4-trillion economy today to a USD 30-35 trillion economy by 2047, Goyal added.

Datanomics: R&D spends by India Inc lag global peers despite improvement

India has improved its ranking in the frontier technologies readiness index from 48th in 2022 to 36th in 2024 out of a total of 170 economies

Govt not encouraging Chinese FDI: Piyush Goyal clarifies policy stance

India does not intend to encourage foreign direct investments (FDI) from China, Commerce and Industry Minister Piyush Goyal said on Friday, indicating New Delhi's intentions of not easing overseas investment curbs imposed on the neighbouring country in 2020. FDI applications from countries sharing land borders, such as China, have to mandatorily seek government approval for all sectors. This policy was issued in April 2020. "As of now, there's hardly any foreign direct investment from China...It was the same 25 years ago when it (FDI) was open (from China), not too much Chinese investment has come to India. Nor are we encouraging any significant investment coming in from China at all. At the moment, that is the policy," Goyal said here at an event. The remarks assume significance as certain quarters are of the view that the rule needs to be eased to attract technology and capital. In 2020, the government made its approval mandatory for FDI from countries that share land borders wit

US, EU trade talks moving forward with 'India first' approach: Piyush Goyal

Amid Trump's tariff threats looming across the world, Goyal further stated that India does not negotiate under pressure

EAM Jaishankar to deliver keynote address at ninth Global Technology Summit

The theme for this year's Summit is "Sambhavna" - meaning possibilities

Reciprocal levy: Working to remove additional US tariffs, says Piyush Goyal

Goyal advised Indian industry and exporters not to route outbound shipments to the United States (US) through countries with lower reciprocal tariffs imposed by Washington

India-UAE partnership a model of trust and shared vision: Piyush Goyal

Union Minister of Commerce & Industry Shri Piyush Goyal has called the India-UAE relationship "a model of prosperity, trust and shared vision" as he addressed the Dubai-India Business Forum in Mumbai, as per an official press release by the Ministry of Commerce and Industry.The event, organised by Dubai Chambers, was attended by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, on his first official visit to India.Earlier in the day, Goyal shared a post on X (formerly Twitter), stating: "Delighted to meet HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. Our discussions focused on deepening economic cooperation under CEPA and exploring new avenues to further strengthen the India-UAE partnership."Welcoming Sheikh Hamdan, Goyal said, "The presence of Sheikh Hamdan symbolises the deep historical connect and generational continuity between Mumbai and Dubai." ...

India's best interests will be kept in mind while inking trade pacts: Goyal

India's best interests will be kept in mind while inking trade pacts, Union Commerce Minister Piyush Goyal assured businesses on Tuesday. "India First is our mantra, is our guiding principle," Goyal told reporters on the sidelines of an event here. Declining to divulge the exact contours of the ongoing trade talks with the US, Goyal said India is in talks with many countries. "They continue to go on very smoothly in a positive direction and all is well," he added. "We are covering a very wide array of subjects, a very wide array of products and I can assure business persons across the country that we are keeping the best interests of India at the forefront of our discussions," Goyal said. The bilateral trade agreement with the US will power the economy towards becoming a developed nation by 2047 when the country celebrates 100 years of independence, he said. Speaking at the Dubai India business forum here, Goyal said India is mulling to start an Indian Institute of Management and

Piyush Goyal calls for 'economic nationalism' to boost local supply chains

The Minister's comments come as India positions itself as a viable manufacturing alternative amidst shifting global trade patterns

Trade talks on, applied tariffs on US items not 'humongous': Piyush Goyal

Piyush Goyal blamed China for the current global crisis, adding that China's entry into the WTO in the 1990s and early 2000s was a turning point

Trump tariffs: Shipments to US likely to shrink 6.4% in 2025, says GTRI

The contraction will be led by a drop in exports of fish and crustaceans, which may fall by a fifth

US tariffs' fallout: Andhra CM writes to Goyal on shrimp farmers' concerns

In his letter to Goyal, Naidu appealed to the Centre "to come to the rescue of aqua farmers by negotiating with the US to exempt the aqua products from this additional duty"

India will become a prosperous global power: Piyush Goyal on Ram Navami

'May the blessings of Lord Shri Ram remain on everyone... May this country, under the leadership of Prime Minister Modi, progress further,' Goyal asserted

Piyush Goyal to meet exporters on Apr 9 to discuss Trump's tariff on India

Union Commerce and Industry Minister Piyush Goyal is likely to hold a meeting with exporters on Wednesday, April 9, to take stock of issues to be faced by Indian traders due to the imposition of an additional 26 per cent reciprocal tariffs by the Trump administration, an industry official said on Sunday. Senior officials of the commerce ministry and representatives of export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will attend the deliberations, according to the industry official. Meanwhile, an exporter said that the government should come forward to extend fiscal incentives to all exporters, particularly MSMEs, in this situation, as the US tariffs will have an impact on the country's shipments. The effect of these duties is expected to be reflected starting May as demand will take a hit in the US. "Sweeping increases in duties on all the countries in the world will have an inflationary impact on the US customers. It would hit demand for al

Aman Gupta backs Piyush Goyal's push for deep-tech focus in startups

boAt co-founder Aman Gupta has come out in support of Commerce and Industry Minister Piyush Goyal's recent remarks urging Indian startups to focus more on deep-tech innovation. Gupta's comments come amid an ongoing debate within the startup ecosystem where several founders have countered Goyal's critique of consumer-focused ventures like food delivery and luxury goods startups. Gupta took to social media platform X to echo Goyal's call for startups to move beyond consumer-centric models like food delivery and fantasy sports apps and instead prioritise technologies like artificial intelligence, robotics, and quantum computing. "It's not every day that the government asks founders to dream bigger. But at Startup Mahakumbh, that's exactly what happened. I was there. I heard the full speech. Hon. Minister @PiyushGoyal Ji isn't against founders. He believes in us. His point was simple: India has come far, but to lead the worldwe need to aim higher. "It reminded me of something I say oft

'Misplaced, illogical': BJP MP slams Zepto CEO's defence of Indian startups

BJP MP Praveen Khandelwal, who also serves as the secretary general of the Confederation of All India Traders, backed Goyal's remarks made at the recently concluded Startup Mahakumbh

EaseMyTrip's Rikant Pittie enters startup debate, pens Linkedin post

Pittie took to his LinkedIn timeline to share insights into the company's evolution from a bootstrapped startup to a global travel tech leader

After innovation debate, Goyal announces helpline for startup grievances

Piyush Goyal said that the helpline would be accessible to all startups nationwide, allowing them to register complaints or provide feedback on policies

Indian startups respond to Piyush Goyal's ecosystem comment

Goyal on Thursday had questioned if startups were content with low-paying gigs

Startup Mahakumbh: What funding numbers say about Indian startups

In the hottest sector of AI, where most global VC funding is going currently, the country's record has not been anything to write home about