Page 15 - Piyush Goyal

Hurdles cleared for Mumbai Coastal Road work to begin soon, says Goyal

Union minister Piyush Goyal said on Sunday that all major hurdles in the Mumbai Coastal Road project, planned to extend up to Virar in Palghar district, have been resolved and that work on it will begin soon. The ambitious Coastal Road now runs from Marine Drive in south Mumbai to Worli, where it connects to the Bandra Worli Sea Link. In later phases, the road will be taken to Versova and then to Virar, which is part of the Mumbai Metropolitan Region. Once completed, the travel time from Nariman Point to Virar is expected to be reduced to just 35 to 40 minutes. All approvals related to the Coastal Road project, including land acquisition, transfer of saltpan lands, and clearances from the Coastal Regulation Zone, Environment Ministry, and Forest Department, have been secured, said Goyal. With these permissions in place, the project will now move ahead rapidly, said the Union Commerce Minister after chairing a high-level review meeting in Mumbai. Goyal, who also represents the Nort

Piyush Goyal stresses need for export diversification amid tariff heat

At a meeting with exporters, Goyal reviewed FTA talks with EU, Chile and New Zealand, and discussed challenges from US tariffs and quality control orders

Goyal calls for resilient supply chains, less reliance on foreign tech

Commerce and Industry Minister Piyush Goyal on Wednesday said it is important for the country to have resilient supply chains, control over key technologies and reducing overdependence on certain geographies. He said the clarion call to promote swadeshi products is not just about making in India, designing or developing in India as it is key for the country's long-term growth and sovereignty. He added that reducing dependence on foreign technologies, foreign weapons, foreign energy sources and foreign critical technologies is important for the country's growth. "This decade in fact has given us several wake up calls, starting from Covid, how important is to have resilient supply chains, to have your own technologies, control over technologies, control over essential supplies in critical areas. "How important it is to decouple in certain sectors and certain very important subjects, from overdependence on certain geographies. And therefore India today has resolved to move away from j

Govt to allocate Startup FoFs to deep-tech startups: Piyush Goyal

Piyush Goyal says the entire Rs 10,000-crore Startup Fund of Funds will go to deep-tech ventures to help Indian founders retain ownership and reduce early foreign equity sales

Piyush Goyal to visit Brussels Oct 27-28 to push India-EU trade pact talks

Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27 for talks with his EU counterpart to give political impetus to the proposed trade pact, as the deadline to conclude negotiations nears. During the two-day visit, Goyal will meet Executive Vice-President and European Commissioner for Trade of the European Union Maros Sefcovic, the commerce ministry said on Sunday. "The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, balanced, and mutually beneficial trade agreement at the earliest," it said. The minister's visit aims to provide strategic direction and "political impetus" to the talks, it added. Discussions are expected to cover key areas of the proposed FTA, including market access, non-tariff measures, and regulatory cooperation. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the

Piyush Goyal meets German industry leaders to boost Indo-German trade ties

Goyal has also met with Rene Obermann, Chairman of the Board of Directors of Airbus. Goyal was impressed by Obermann's confidence in India's growth story

India won't rush trade deals, will reject terms curbing its choices: Goyal

Piyush Goyal made these remarks while speaking at the Berlin Global Dialogue, adding that New Delhi would take a measured approach

India, Germany discuss ways to increase cooperation in trade, investment

India and Germany on Thursday discussed ways to enhance cooperation in areas including trade, investment, technology, green energy, and skilling. These issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and German Federal Minister of Economy and Energy Katherina Reich in Berlin. "The discussions focussed on enhancing cooperation in trade, investment, technology, green energy, and skilling," the commerce ministry said. Goyal also met Levin Holle, Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 and G20 Sherpa, and discussed ways to further deepen the bilateral economic relationship. He chaired a roundtable with CEOs and leaders of German Mittelstand companies at the Indian Embassy, who conveyed their keenness to do business in India and expand existing investments. The minister highlighted opportunities offered by India and the measures taken by India to facilitate investments and ease of doing business. The

India-US trade deal: Talks are 'progressing' well, says Piyush Goyal

Last week, a team of officials from the Department of Commerce, including Commerce Secretary Rajesh Agrawal, was in Washington, to reach an early conclusion of the proposed trade agreement

Willing to pay extra to build resilience in our supply chains: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said the government is addressing supply chain issues across all sectors to build resilience, even if it involves spending "extra buck". Addressing UNCTAD's Ministerial Roundtable on 'Towards Resilient, Sustainable, and Inclusive Supply Chains and Trade Logistics' in Geneva, Goyal said India has launched the 'Atmanirbhar Bharat' initiative to make the country self-reliant. "We are addressing each and every supply chain sectorally to see where our vulnerabilities are, where we need to expand capacity, and we are willing to pay that extra buck to be able to have resilience in our supply chains," Goyal said. The government has launched initiatives, like a production-linked incentive scheme to boost domestic manufacturing, and a policy to promote semiconductor production in the country. To boost infrastructure development, he said, India has launched a trillion-dollar national master plan. The government itself spends about USD

Goyal to meet German leaders, businesses to boost trade and investment

Commerce and Industry Minister Piyush Goyal will visit Berlin, Germany this week to meet government officials and businesses to discuss ways to boost trade and investments between the two countries, an official statement said on Wednesday. During the visit on October 23, Goyal will hold bilateral meetings with German Federal Minister for Economic Affairs and Energy Katherina Reiche, and Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 and G20 Sherpa Levin Holle. "Discussions during the meeting will focus on further strengthening the dynamic Indo-German economic partnership and exploring new avenues for enhanced trade and investment cooperation," the commerce ministry said. He will also participate in the third Berlin Global Dialogue (BGD) -- an annual summit that brings together leaders from business, government, and academia to deliberate on issues shaping the global economy. The minister will hold bilateral meetings with CEOs of leading German ...

Trade differences remain between India and EU after 14th round of talks

Disagreements relate to market access for goods and also investment, trade, and sustainable development

Global South should speak in one voice against trade challenges: Goyal

India on Wednesday called on developing and least developed nations to collectively work to address global trade challenges such as tariff barriers, unilateral environmental restrictions, and hurdles in the services sector. Addressing the 16th session of United Nations Conference on Trade and Development (UNCTAD) in Geneva, Commerce and Industry Minister Piyush Goyal said: "It is time for the Global South to speak with one voice on concerns that impact all of us". He said the world is currently volatile, marked by numerous uncertainties, challenges, and ambiguities in the global trading system. "We are living in a world marked by a profound trust deficit, whether in multilateral institutions, different international bodies, amongst nations and multiple critical challenges confront us almost on a daily basis. These challenges are multi-faceted. "It could be the erosion of confidence in the rules based trading system, a lot of non-market practices coming into play, tariff and non-tar

Foreign investors to invest ₹50k cr in finance, banking sectors: Goyal

Commerce and Industry Minister Piyush Goyal has said that in the last few months, foreign investors have announced plans to invest over Rs 50,000 crore in India's finance and banking sectors. Amidst global headwinds, he said India is an oasis for investments. He added that today, India is emerging as a preferred investment destination. Even in turbulent times, Foreign Direct Investment (FDI) continues to flow robustly, the minister said. "In the last few months itself, investors from all over the world have announced plans to invest over Rs 50,000 crore in India's finance and banking sector," he said in a post on X. This surge in FDI highlights the growing attractiveness of the Indian economy to global investors, he said. FDI in India rose 15 per cent to USD 18.62 billion during April-June this fiscal year, while the inflow from the US nearly tripled to USD 5.61 billion during the quarter, according to government data.

India-US trade talks cordial; farmers, MSME interests protected: Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said talks between India and the US on the proposed bilateral trade agreement are progressing in a cordial atmosphere and New Delhi will protect the interests of farmers, fishermen and MSME sectors. "Bharat ke kisano ka, machhuvaaron ka, Bharat ke MSME sector ka, jub tak desh hiton ko puri tarah se hum sambhalen nai, tab tak koi agreement kiya nai jata (No agreement can be made until we take care of the interests of India's farmers, fishermen and MSME sector)," he told reporters here. He was replying to a question about the progress of talks between the two countries on the proposed pact and by when it will be concluded. "Talks are going on in a cordial atmosphere," he said. The remarks are important as the US is seeking concessions in India's agriculture sector. The Indian official team, headed by Commerce Secretary Rajesh Agrawal, was in Washington this week to hold trade talks with their US counterparts. In February this

India to record positive export growth in current financial year: Goyal

Piyush Goyal said that the country's overall goods and services exports grew by about 5 per cent to $413.3 billion during April-September period of the financial year 2025-26

Egypt urges Indian companies to be part of Suez Canal Economic Zone

Foreign Minister Badr Abdelatty says Egypt is keen to attract Indian investment in sectors like energy, AI, and pharmaceuticals through the Suez Canal Economic Zone

Centre working on steps to boost rare earth supply chain: Piyush Goyal

Commerce minister Piyush Goyal says India is building resilient supply chains and negotiating pacts with Chile and Peru to boost access to rare earth minerals

Govt working on steps to improve supply of rare earth minerals: Goyal

The government is working on measures to improve supply of rare earth minerals, including negotiating trade pacts with Chile and Peru, promoting domestic exploration, and engaging startups in recycling and processing, Commerce and Industry Minister Piyush Goyal said on Friday. Critical or rare earth minerals such as copper, lithium, nickel, and cobalt are essential raw materials which have applications in various industries ranging from electronic goods to fighter jets. These minerals also fuel the growth of rapidly growing clean energy technologies, including electric vehicles and battery manufacturing. Countries like Chile, Peru and Australia have reserves of these minerals. India already has implemented a trade pact with Australia and is negotiating with South American nations Chile and Peru. The Indian team is visiting the two South American countries for the next round of trade talks. "Look at Chile and Peru, think about it. Why am I doing FTA with them in the first place? It

India, Brazil look to broaden PTA, eye $20 bn bilateral trade by 2030

India and Brazil plan to broaden their preferential trade agreement under the Mercosur framework, eyeing $20 billion in bilateral trade by 2030 and new digital cooperation