Page 3 - Piyush Goyal

Piyush Goyal, Nitin Gadkari to headline Day 1 of BS Manthan: Full schedule

Union ministers, top policymakers and industry leaders gather at Bharat Mandapam on February 24 to debate AI, reforms, mobility, trade and India's 2047 roadmap

Govt will fund major EU compliance costs for SMEs, says Piyush Goyal

Piyush Goyal says the government will fund key compliance costs for small exporters needing EU approvals under CBAM and REACH, as India expands trade deals and targets $2 trn exports

Will fund part of costs for micro, small exporters under EPM: Goyal

The government will fund a large part of the costs incurred by micro and small exporters to obtain international approvals for complying with regulations such as REACH and CBAM in Europe to help them boost shipments, Commerce and Industry Minister Piyush Goyal said on Monday. The support is being extended to these exporters under the Rs 25,060 crore export promotion mission (EPM). Under the mission's Trade Regulations, Accreditation and Compliance Enablement (TRACE) measure, support will be extended to exporters in meeting international testing, inspections, certifications and other conformity requirements. Partial reimbursement of up to 75 per cent will be provided for eligible testing, inspection and certification expenses, subject to an annual ceiling of Rs 25 lakh per IEC (importer-exporter code). "In the export promotion mission, we have provided funds so that wherever you require to get approvals internationally, particularly for micro and small units, the government will fun

Business Standard Manthan: Road map for making India future-ready

At the third edition of the BS summit, FM Sitharaman, Nitin Gadkari, will be among the thought leaders to deliberate on India's tremendous relevance across areas in a volatile geopolitical landscape

Working to expand preferential trade agreement with Mercosur bloc: Goyal

India is working to expand the preferential trade agreement with South-American nation bloc Mercosur to further promote trade and investment between the two regions, Commerce and Industry Minister Piyush Goyal said on Saturday. Mercosur is a trade bloc in Latin America comprising Brazil, Argentina, Uruguay, and Paraguay. The India-Mercosur PTA came into effect on June 1, 2009. This PTA has limited coverage and contains only 450 tariff lines or products. Both sides are looking at expanding the scope of this pact to a full-fledged agreement. "The Mercosur region is particularly important for us, and we are working to expand our India-Mercosur preferential trade agreement, to improve market access, to grow investments on both sides, to have technology partnerships, and to engage in sports, education, culture," he said here at Ficci's India-Brazil Business Forum. The minister also said that the bilateral trade between India and Brazil is growing, but it is "sub-optimal". It grew by 25

India-US interim trade pact may be rolled out in April: Piyush Goyal

A USTR delegation is expected to visit New Delhi in late March to sign the interim India-US trade deal, as negotiators meet in Washington to finalise the legal text ahead of April rollout

Finalised trade pacts will be operational this year, says Piyush Goyal

Piyush Goyal said FTAs with the UK, Oman, New Zealand and the EU will be implemented this year as India launches new schemes under the Rs 25,060 crore Export Promotion Mission to boost exports

India-US interim trade pact to be operationalised in April: Piyush Goyal

An interim trade agreement between India and the US is likely to be signed in March and operationalised in April, Commerce and Industry Minister Piyush Goyal said on Friday. He also said that India's free trade agreements (FTAs) with the UK and Oman are likely to be implemented in April. With New Zealand, the pact is expected to be implemented in September. A three-day meeting between Indian and American officials to finalise the legal text for an interim trade agreement will begin in the US on February 23. Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised.

India sheds defensive stance, negotiates future-focused trade deals: Goyal

Piyush Goyal says India has moved beyond apologetic trade talks, using FTAs as strategic tools to secure long-term economic gains while protecting sensitive sectors

FTA tariff concessions could cost India Rs 1 trillion in FY26

India's customs duty forgone due to FTAs could cross ₹1 trillion in FY27, with Asean accounting for the largest share, Budget documents show

Rahul 'immature', lacks understanding of economy: Goyal on textile remarks

Union Commerce and Industry Minister Piyush Goyal on Saturday described Congress leader Rahul Gandhi as "immature" and lacking understanding of the economy and accused the opposition party of spreading misinformation as it had no constructive agenda to criticise the Narendra Modi government. Speaking to reporters here in Mumbai on the Union Budget, Goyal said Rahul Gandhi is "thousand miles away from the truth" and asserted "discredited leaders" like him may try but would not be able to stop Prime Minister Modi and his service to the nation. "The Congress is frustrated. It has no other scheme or solution except spreading misinformation and fabricated claims. It does not have any point to criticise us. They are trying to mislead our farmers by spreading wrong and false information," he said. "I am confident that discredited leaders like Rahul Gandhi of the Congress and its allies, including TMC, DMK and SP, which are parties rejected by the people, can try hundreds of thousands of ..

India-US ITA to cover energy needs, ensure competitive crude prices: Goyal

Union Minister Piyush Goyal on Saturday said the interim trade agreement reached between the Centre and the US will include India's energy requirements and would help it secure crude oil at more competitive prices. Speaking to reporters here, the Commerce and Industry Minister said that India and the US have agreed to work towards increasing the annual trade between the two countries to USD 500 billion by 2030, and the government is working to achieve this target. He said the proposed USD 500 billion trade would include India's energy requirements, such as crude oil, LNG and LPG. "India is the fastest-growing large economy in the world, and its energy demand is rising by around 7 per cent annually. Increasing imports and having more suppliers would help India secure crude oil at more competitive prices," Goyal said. Last week, India and the US announced that they had reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of .

Budget 2026 to boost infra, industry growth in Maharashtra: Piyush Goyal

Union Minister Piyush Goyal on Saturday asserted that Maharashtra will be among the biggest beneficiaries of the Union Budget 2026-27, citing provisions made for infrastructure, railways and industry, which will have a direct impact on the state's growth. Speaking to reporters here about the Union Budget, the commerce and industry minister said Mumbai and Navi Mumbai are major destinations for data centres as subsea cables land there, which would attract foreign direct investment and generate employment. "The budget provides Rs 12.21 lakh crore for infrastructure development. Projects such as Vadhawan Port, the new airport and the Delhi-Mumbai Expressway will benefit Maharashtra. A rupee spent on infrastructure gives a return of Rs 3 to Rs 3.5. This will boost economic growth and reduce logistic costs," he said. He pointed out that the budget focuses on the MSME and manufacturing sectors through credit guarantee schemes, renewable energy use and expansion of cloud services. Goyal s

India-US trade deal to benefit farmers with higher farm exports: Goyal

Commerce minister says India-US pact safeguards key crops and opens new markets for farm exports; accuses Rahul Gandhi of spreading misinformation

Piyush Goyal slams Rahul Gandhi over US deal, says farmers fully protected

Commerce minister Piyush Goyal accused Rahul Gandhi of spreading lies on the India-US interim trade deal, asserting that farmers' interests were fully safeguarded and exports would rise

India to receive same garment duty benefits as B'desh in US deal: Goyal

Commerce minister says India will secure concessional-duty access for garments made from US yarn and cotton, similar to benefits obtained by Bangladesh

Indian textile exporters may get zero-duty US access, easing B'desh impact

Commerce Minister Piyush Goyal signals India may explore zero-duty US access similar to Bangladesh; industry says cotton exports and farmers unlikely to face adverse impact

Goyal urges exporters and industry bodies to take full advantage of FTAs

Commerce Minister Piyush Goyal urges exporters to leverage new FTAs with developed nations as India finalises trade deals with the US and EU

Piyush Goyal to meet exporters on Feb 11 as India eyes major trade pacts

Commerce and Industry Minister Piyush Goyal will hold a meeting with representatives of export promotion councils and industry associations on February 11 here amid finalisation of trade pacts with the US and the European Union, an official said on Monday. The meeting is important as India and the US have finalised a framework for signing the first phase of the bilateral trade agreement. Under this, the US has agreed to reduce the 25 per cent reciprocal tariffs on Indian goods to 18 per cent. It has already eliminated the punitive 25 per cent tariffs on India, which was imposed in August last year for purchasing Russian crude. Indian exporters were eagerly waiting for this deal as the US is the largest export destination for several labour-intensive sectors such as textiles, leather and footwear and gems and jewellery. The steep 50 per cent tariffs were hurting India's exports to America. The industry official said that all the export promotion councils have been invited for the .

Farmers' bodies slam govt over India-US deal, announce protest on Feb 12

As trade and farmer unions announce a February 12 strike over the India-US trade deal, RSS affiliates back the government with caveats, while Opposition parties seek answers in Parliament