Page 26 - Piyush Goyal

Govt continues to be bright spot of world despite challenges: Piyush Goyal

The global economic uncertainties have impacted foreign direct investment (FDI) but despite these challenges, India will continue to be the bright spot of the world for overseas players, says Commerce and Industry Minister Piyush Goyal. While signing free trade agreements (FTAs) or bilateral investment treaties (BITs), the government always ensures the terms are best for India, Goyal told PTI in a post-budget interaction. Finance Minister Nirmala Sitharaman in her budget speech on Thursday said India is negotiating BITs with different countries in the spirit of 'first develop India'. She said that geopolitically, global affairs are becoming more complex and challenging with wars and conflicts. "The global uncertainty has certainly impacted FDI, particulary considering that the interest rates in the US and other developed countries have massively seen a spike," Goyal told PTI. He said that because of the high interest rates, there was a reverse flow of capital towards developed ...

We are worried about the ongoing Red Sea crisis, says Piyush Goyal

Exporters are now able to stand up on their feet and we have been able to move away from the mindset of export incentives, said Union Minister Piyush Goyal

India to sustain exports growth, Budget provides strong foundation: Goyal

India has sustained its export growth notwithstanding the global challenges emerging due to issues like the Israel-Hamas war and the Budget has laid out a strong foundation to push the economic growth, Commerce and Industry Minister Piyush Goyal said on Thursday. The minister said that certainly, the country is facing "very severe" challenges due to these conflicts. "But despite these challenges, India continues to be a bright spot in terms of economy, economic growth, and we continue to broadly sustained our exports...I think, the Indian story is a story of resilience, and strength," Goyal told PTI in a post-budget interaction. In her budget speech, Finance Minister Nirmala Sitharaman stated that geopolitically, global affairs are becoming more complex and challenging due to wars and conflicts. Globalization is being redefined with reshoring and friend-shoring, disruption and fragmentation of supply chains, and competition for critical minerals and technologies. A new world order

75,000 patents granted by patent office in 10 months: Piyush Goyal

"There has been a significant push to reduce criminalisation of laws regarding businesses in India," said Goyal

As many as 75,000 patents granted in last 10 months, says Piyush Goyal

The Indian Patent Office has granted a "record" 75,000 patents in the last 10 months and it reflects India's ability to innovate, Commerce and Industry Minister Piyush Goyal said on Friday. Interacting with innovators and entrepreneurs on the eve of the 75th Republic Day here, the minister also said that 40,000 compliances have either been eliminated or simplified to ease the burden on entrepreneurs. "The Indian Patent Office has granted a record 75,000 patents in the last 10 months," he said, adding the government is making it easier to do business and make it less burdensome to meet the requirements of the law and comply with rules and procedures. There has been a significant push to reduce the burden of criminalisation of many laws regarding business in India and the Jan Vishwas law was the first step in that direction and gave the comfort to people and businessmen that the government trusts them, he said. "If you make a small mistake, you do not have to worry about criminal ...

UK delegation meets top govt officials in final push for trade agreement

For India, the cut-off date is model code of conduct. Talks will stop once it sets in

Budget 2024: Key announcements made in previous interim budget in 2019

Interim budget 2024: While interim budgets are said to have no major policy changes, let us take a look at some key announcements Piyush Goyal made in Interim Budget 2019

Golden day that will motivate nation for 1000 yrs: Goyal on pran pratishtha

Applauding Prime Minister Narendra Modi, Goyal said that the Prime Minister has generated new enthusiasm

Unicorns meet Piyush Goyal, plan to set up 'Startups Club of India'

These startups are not only developing innovative solutions and technologies but are also generating large-scale employment and contributing to the growth of the nation

Over 50% DPIIT-recognised startups from tier-II and tier-III cities

The states of Gujarat, Karnataka, Kerala, and Tamil Nadu emerged as the "best performers" in developing a startup ecosystem for Indian entrepreneurs

Leverage free trade agreements to our benefit, Piyush Goyal tells industry

There were also discussions on the priorities identified in the Foreign Trade Policy (FTP) 2023 and the strategies and measures to be adopted to take forward the export growth

Piyush Goyal to meet 40 unicorn startups including Zerodha, Boat, Lenskart

Commerce and Industry Minister Piyush Goyal will hold discussions with senior representatives of 40 unicorn startups like Lenskart, Zerodha, and Boat here on Wednesday, an official said. Issues which will figure in the deliberations include ways to further promote sustainable growth of the sector, risks, domestic capital mobilisation and position India on the global startup landscape, the official said. Startup firms valued over USD 1 billion are categorised as unicorns. "Unicorns from different sectors and cities will be there. The sectors which would see participation include fintech, e-commerce and logistics," the official added. The other firms who would attend the meeting include CarDekho, and EasyMy Trip. The government has taken a series of steps to promote the startup ecosystem in the country. Over 1.17 lakh startups are recognised by the government. They are eligible to seek certain tax incentives. The Startup India initiative was launched by the Prime Minister Narendra

No plans to import wheat, likely to harvest a bumper crop: Piyush Goyal

The country's wheat stocks at state warehouses stood at 16.47 million metric tons as of Jan. 1, the lowest since 2017

Goyal asks FCI to adopt tech, cut operational cost, be corruption-free

Union Minister Piyush Goyal on Sunday asked state-owned FCI to adopt modern technologies in its overall functioning, reduce the cost of operations and prevent any wrong-doings besides winning the trust of farmers and poor beneficiaries under the public distribution system. The Food and Consumer Affairs Minister also asked FCI and its employees not to tolerate corruption in its operations. He was speaking at the 60th Foundation Day of the Food Corporation of India (FCI), the government's nodal agency for procurement and distribution of food grains. The FCI was established on January 14, 1965. Addressing the event, Goyal complemented the FCI for ensuring that farmers get reasonable prices for their produce and providing food grains to 81 crore people. He asked the FCI and its employees to focus on three priorities. First, he said, "We should win the trust of our farmers as well as our beneficiaries, which are poor and lower-middle-income people. This should be our first priority to

T'gana CM proposes Industrial Corridor connecting Hyderabad to Vijayawada

Furthermore, he requested the allocation of one National Handloom Technology Center (IIHT) to Telangana, emphasizing the positive impact it would have on training weavers in modern technology

Telangana CM meets Piyush Goyal, seeks nod for new industrial corridor

Telangana Chief Minister A Revanth Reddy on Saturday met Union Industries and Commerce Minister Piyush Goyal and sought his approval for setting up a new industrial corridor connecting Hyderabad and Vijayawada via Miryalaguda. Reddy, who was in the national capital to attend the Congress' meeting on Bharat Jodo Nyay Yatra, said that he discussed with the Union minister various proposals for industrial development in Telangana. Reddy urged Goyal to reconsider the earlier plan of establishing a pharma city between Hyderabad and Warangal and instead endorse the forthcoming proposal for a pharma city to be submitted to the Center. He also said that the grant of final approval for the proposed Hyderabad-Nagpur industrial corridor is estimated to benefit Telangana by Rs 2,300 crore. Deputy Chief Minister Mallu Bhatti Vikramarka accompanied CM Reddy to the meeting with Union Minister Goyal. The Telangana chief minister also brought to the Centre's attention the issue of relocation of the

No proposal to lift export curbs on wheat, rice, sugar, says Piyush Goyal

Union Minister Piyush Goyal on Saturday said there is no proposal before the government as of now to lift export curbs on wheat, rice and sugar. He also said the country will not import wheat and sugar. "There is no proposal as of now to remove export restrictions on wheat, rice and sugar. And India will not import wheat and sugar," Goyal told reporters. India had banned wheat exports in May 2022, non-basmati rice exports from July 2023 and extended curbs on sugar exports beyond October 2023, as part of measures to control rising domestic prices.

India-UAE CEPA Council launched at 'UAE-India Business Summit' in Ahmedabad

The launch was attended by the UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi and Union Minister of Commerce and Trade, Piyush Goyal

PM GatiShakti helping in better planning of infrastructure projects: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said the interconnectivity of data layers is helping in better planning, monitoring, and implementation of infrastructure projects through PM GatiShakti. Speaking at the Vibrant Gujarat Global Summit 2024 at Gandhinagar, the minister said that delayed infrastructure projects lead to cost overruns, affecting citizens' finances. He noted the significant contribution of PM GatiShakti for faster, more efficient, and cost-effective infrastructure development to deliver maximum benefits to citizens. The PM GatiShakti initiative was launched to develop an integrated infrastructure to reduce logistics costs. Citing the Mumbai Trans Harbour Link project, Goyal highlighted the immense benefit that the PM GatiShakti initiative has brought to the efficient planning of large-scale infrastructure development projects.

Reduction of logistics cost is a big macro turnaround for India

The country will create jobs and encourage consumption and demand by reducing logistic cost