Page 12 - Piyush Goyal

Piyush Goyal vs Indian startups: Who said what?

Speaking at the Startup Mahakumbh 2025, Union Commerce Minister Piyush Goyal questioned the direction of India’s startup ecosystem.

Piyush Goyal's dig at startups, Modi-Yunus meet, China's tariffs on US & more

Speaking at the Startup Maha Kumbh, Union Commerce Minister Piyush Goyal took a swipe at India's startup ecosystem, stating that while Indian startups are fixated on food delivery.

Piyush Goyal asks startups to focus on high-tech sectors, not on grocery delivery and ice creams

Commerce and Industry Minister Piyush Goyal on Thursday asked the Indian startup community to shift their focus from grocery delivery and ice cream making to high tech sector like semiconductor.

Easy to criticise startups: Zepto CEO highlights impact after Goyal's jibe

Commerce Minister Piyush Goyal's scathing remarks on Indian startup ecosystem and its innovation priorities have drawn sharp reaction from the industry, with Zepto CEO Aadit Palicha putting up a strong defence citing the company's contribution to jobs, FDI and terming it a "miracle in Indian innovation". Underlining the role played by consumer internet companies in pushing technology-led innovation, Palicha - one of the most recognised faces in the startup circles, and the co-founder of quick commerce company Zepto - argued that the startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, "not pull down the teams that are trying hard to get there". "It is easy to criticise consumer internet startups in India, especially when you compare them to the deep technical excellence being built in US/China. Using our example, the reality is this: there are almost 1.5 Lakh real people who are earning ...

'Dukaandari hi karna hai?' Piyush Goyal urges startups to think bigger

Speaking at the Startup Mahakumbh, Union Minister Piyush Goyal questioned India's startup focus on food delivery over deep-tech innovation, sparking sharp backlash from industry leaders

Indian startups should aim for global prominence, says Piyush Goyal

Startup Mahakumbh 2.0: Minister urges startups to re-evaluate their purpose, true value

Shift focus from grocery delivery to high-tech sectors: Goyal to startups

Commerce and Industry Minister Piyush Goyal on Thursday asked the Indian startup community to shift their focus from grocery delivery and ice cream making to to high tech sector like semiconductor, machine learning, robotics, and artificial intelligence. He also said there is a need for more Indian investors into the startup ecosystem. "Are we going to be happy being delivery boys and girls... Is that the destiny of India... this is not startup, this is entrepreneurship... What other side is doing -- robotics, machine learning, 3D manufacturing and next generation factories factories," he said here at the Startup Mahakumbh. The minister said the new startups should focus on preparing the nation for the future. "Do we have to make ice cream or chips?" he asked. He also underscored the evolving role of startups in driving India's economic and technological growth. He assured that the government will handhold and support those who face challenges in their startup journey, encouragin

German firm from chemical sector to invest $1.5 bn in India: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said a German company from the chemical sector has decided to invest USD 1.5 billion in India, and a state has identified land for the project. Though the minister did not disclose the name of the company or the state, he said that the company's head is expected to meet the state's chief minister on Sunday. The company will "have the allotment of land in his hand, and we will have a billion-and-a-half dollars of foreign direct investment coming into the country over the next 12 months", Goyal said at a session of the Union Internationale des Avocats (UIA) here. The company is looking for a parcel of land, which is about 250 acres near a port. Germany is the ninth largest investor in India. The country has received about USD 15 billion foreign direct investment (FDI) during April 2000 and December 2024. He said that more and more companies are looking at coming to India to explore business opportunities. He added that the ...

India proposes tariff cuts on US farm imports as April 2 deadline looms

Unlike many other nations, India has been been on the front foot to negotiate tariff cuts and is open on over half of US imports worth $23 billion, Reuters reported

India's growth story intact despite US tariff threat, says Piyush Goyal

Since taking over as the US President over two months ago, Trump has been implementing protectionist policies in an attempt to Make America Great Again

Many nations want to adopt India's development model, says Piyush Goyal

Several nations want to adopt India's development model, which has given prominence to initiatives such as Startup India that encourage innovation, Union Minister of Commerce and Industry Piyush Goyal said here on Saturday. Addressing the valedictory function of Vejalpur Startup Festival 2.0, Goyal also said India aims to take the number of unicorns from the existing 118 to 1,000 and 5,000. The startup ecosystem created in the country has encouraged job seekers to become job creators, the Union minister asserted. "Narendra Modi as the then chief minister of Gujarat ensured fast paced development of the state. Gujarat's development then became the country's development. And slowly, several countries, especially developing countries, today want to adopt India's development model," Goyal said. Prime Minister Narendra Modi has dedicated to the nation several jewels in this development model, like Swachh Bharat Mission, Make In India, Digital India, Startup India, International Yoga ...

Services sector should aim to exceed merchandise exports next fiscal: Goyal

India's services exports are registering healthy growth rates and the sector should aspire to reach USD 450 billion in exports, overtaking merchandise shipments, in the next financial year, Commerce and Industry Minister Piyush Goyal said on Thursday. The goods trade is facing headwinds in the current global situation, he added. The services sector should be targeting USD 450 billion in exports in 2025-26 and about USD 385-390 billion this fiscal, he said here while addressing the Inaugural Session of Nasscom Global Confluence 2025. "You should overtake merchandise exports next year," Goyal said, adding that "as I see the figures coming in, and the growth has been scorching in the services side". In 2023-24, the services exports stood at USD 341 billion, an increase of 4.85 per cent over the previous year. In April-February 2024-25, the services exports increased 14.1 per cent to USD 354.9 billion. On the other hand, goods exports contracted 3.1 per cent year-on-year to USD 437 .

India-US discuss reciprocal tariffs, 1st phase of bilateral trade agreement

Goyal met key officials of the Donald Trump-led administration in Washington last week, including Greer, and his counterpart Howard Lutnick to discuss urgent trade issues

Centre assures exporters will protect their interests amid US tariff threat

The issues related to the country's exports were discussed during a virtual meeting chaired by Commerce and Industry Minister Piyush Goyal

Piyush Goyal likely to visit US later this month with revised tariff offer

This could be the Commerce minister's second visit to US in less than a month

Will keep India's interests on top in US trade talks: FM Sitharaman

Says govt seized of potential reciprocal tariff problems

India is closely monitoring trade talks with US, says FM Sitharaman

Commerce Minister Piyush Goyal is currently in the US for discussions aimed at safeguarding Indian exporters' interest

India-US trade deal long overdue, it will boost GDP of both nations: USIBC

Goyal and US secretary of commerce Howard Lutnick held their first meeting in Washington on Tuesday

Indian exports under mounting pressure from US, EU trade policies

Indian trade minister Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, ahead of Trump's planned tariff measures

Piyush Goyal heads to US for talks as Trump tariffs loom, say officials

Goyal's visit was sudden, as he departed after cancelling previously scheduled meetings until March 8