Page 34 - Piyush Goyal

Make India a global hub for manufacturing: Piyush Goyal to industrialists

Commerce and Industry Minister Piyush Goyal on Thursday asked the domestic industry to accelerate production activity and contribute to making India a global manufacturing hub. Addressing industry leaders during a 'Chintan Shivir - unleashing the power of India's manufacturing industry', Goyal said the government has taken a number of steps to support the manufacturing ecosystem. "He asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing," the commerce and industry ministry said in a statement. Representatives from CII, Ficci, Assocham, and the automobile sector, along with knowledge partners BCG and McKinsey, participated in the deliberations. "The focus was to understand and deliberate on increasing manufacturing capacities across various sectors and enhance contribution to GDP by 2030," it said. The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, min

Delay in roll-out of e-commerce policy damaging domestic retail trade: CAIT

Traders' body CAIT on Wednesday flagged the "inordinate delay" in the roll-out of a national e-commerce policy and consumer protection rules, saying the delay in their implementation has provided an opportunity to certain foreign e-commerce players to damage domestic retail trade. The Confederation of All India Traders (CAIT) sent a written communication in this regard to Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal on Tuesday. In a statement on Wednesday, the traders' body expressed "utter dismay over inordinate delay in rolling out of e-commerce policy and rules under Consumer Protection Act" and equated it to a "slow poison situation" for the country's business community. In the letter to Goyal, CAIT Secretary General Praveen Khandelwal said the delay in the implementation "has caused irreparable loss to the small and medium retail traders and has resulted in deep loss of turnover in their business and thousands of .

Lotus is our face in every election: Piyush Goyal on BJP's CM face in MP

Amid the debate over BJP's chief ministerial face for the upcoming assembly polls in Madhya Pradesh, Union Minister of Commerce & Industry Piyush Goyal has said the 'lotus' is his party's face in every election. Political circles in Madhya Pradesh are abuzz with speculation about plans of the ruling BJP's central leadership after it fielded a number of stalwarts including Union ministers as candidates for the MP assembly polls. Various statements made by BJP leaders also fuelled a debate over the party's chief ministerial face. Asked about the BJP's chief ministerial face in Madhya Pradesh, Goyal, while talking to reporters in Neemuch on Sunday, said, Lotus is our face in every election. Lotus is revered by all of us. We go among the people with lotus. "We all are workers and have a commitment to make India a developed country," he said. We are committed to bring joy and enthusiasm in the life of every Indian, to fulfill all their aspirations, to serve for a bright future, welfare

Looking at expanding rupee-dirham trade, says Piyush Goyal in UAE

Goyal added that trade in domestic currencies will help save at least 5 per cent on all trade between the two countries

India, UAE ink MoU to enhance cooperation in industries, advanced tech

India and the UAE on Thursday signed a Memorandum of Understanding on increasing cooperation in the field of industries and advanced technologies. The MoU aims at strengthening and developing industries in both nations through investments, technology transfer and deployment of key technologies in industries, by benefitting from joint funds and mutual efforts. It was signed between Indian Commerce and Industry Minister Piyush Goyal and Minister of Industry and Advanced Technology of UAE Sultan Al Jaber. Goyal is here for the 11th meeting of India-UAE High-Level Task Force on Investments. The MoU also aims to build institutional and corporate capabilities, and skills. According to the MoU, the two countries will cooperate in the development and advancement of industries and technologies in sectors of strategic interest for the growth and diversification of their economies. This can be achieved through industrial and academic collaborations; collaborative research and development ..

Piyush Goyal to co-chair 11th India-UAE high-level joint task force meeting

The UAE delegation will be led by Sheikh Hamed bin Zayed Al Nahyan, a Member of the Executive Council of the Emirate of Abu Dhabi

DPIIT, Gati Shakti Vishwavidyalaya ink pact to advance national master plan

The Department for Promotion of Industry and Internal Trade (DPIIT) and Gati Shakti Vishwavidyalaya on Wednesday signed a pact for advancing the PM Gati Shakti National Master Plan. Under the MoU, the university will be the nodal agency across the country to design, develop and deliver courses and curriculum related to PM Gati Shakti National Master Plan and National Logistics Policy at various centres in different states, an official statement said. It was signed by Gati Shakti Vishwavidyalaya Vice-Chancellor Manoj Choudhary and Joint Secretary, Logistics Division, DPIIT, E Srinivas, in the presence of Commerce and Industry Minister Piyush Goyal and Railways Minister Ashwini Vaishnaw. More than 16 central ministries and NITI Aayog came together for the signing of the MoU. Vaishnaw emphasised on the importance of the industry-focussed and innovation-driven university courses on railway, metro and high-speed railways. Vaishnaw said 15,000 students will be offered aviation-focussed

India, UAE to discuss investment related challenges as FDI decline in India

The first half of the 2023 calendar year witnessed a 37 per cent drop in FDI equity inflows, totalling $20.21 billion, compared to the same period the previous year

PM Modi to inaugurate development projects in Rajasthan worth Rs 7,000 cr

Union Minister Piyush Goyal accused Chief Minister Ashok Gehlot of hindering Rajasthan's development

India making new export records, economy will grow 10 times by 2047: Goyal

Union Minister Piyush Goyal on Saturday expressed confidence that by 2047 the country's economy will increase tenfold

Govt approves 18 R&D projects of technical textiles worth Rs 46.74 crore

Union Minister Piyush Goyal on Thursday chaired the 7th meeting of the Mission Steering Group of National Technical Textiles Mission, and 18 R&D projects worth Rs 46.74 crore were approved, according to an official statement. The cleared projects include those under key strategic areas of Geotech, Protech, Indutech, Sustainable Textiles, Sportech, Smart E-Textiles and Meditech segments. The textiles minister said the industry's proactive and robust engagement is essential for the indigenous development of technical textiles in India. Goyal also reviewed the progress of different components of the National Technical Textiles Mission, including review of sanctioned R&D products, R&D projects in Mission mode, formation of a committee for Startups in technical textiles under GREAT Guidelines and certain outreach activities and events. Emphasis should be on R&D for globally highly imported technical textiles items, apart from import-dependent technical textiles items and ...

High quality standards to help become developed economy by 2047: Goyal

Food and Consumer Affairs Minister Piyush Goyal on Wednesday said high-quality standards in products and services will help India achieve its ambition of becoming a developed economy by 2047. He also stressed that "standards must support creating robust enforcement ecosystem and that they are developed after extensive consultation with all stakeholder groups". Addressing the onboarding workshop for Bureau of Indian Standards (BIS) technical committee members at the National Institute for Training in Standardization (NITS), Goyal said standards are a cornerstone of domestic trade and export, a facilitator of innovation and efficiency contributing towards national growth. As members of technical committees formulating Indian Standards, they have an enormous responsibility to ensure that standards embed the principles of sustainability, facilitate the fight against counterfeit goods and support MSMEs and startups to become more competitive, he said in a statement. Goyal further said e

Chhattisgarh Assembly polls: Cabinet clears proposal to procure more paddy

The state government will now buy 2,000 kg of paddy per acre. Previously, it bought 1,500 kg of paddy per acre

Centre likely to lower basmati MEP, tightens stock limits on tur and urad

Food Min Piyush Goyal is believed to have held a high-level meeting with exporters and others to understand the ground situation, though there has been no official confirmation of any such meeting

G20 presidency provided chance to showcase development undertaken: Goyal

He also underlined the Government's commitment to improving the ease of doing business in India, making it easier to start and run businesses

New Parliament building will become symbol of 'Atmanirbhar Bharat': Goyal

Leader of the House in Rajya Sabha Piyush Goyal on Tuesday said that if the various challenges India faced had been resolved in a timely manner, the country could have become a developed nation before 2047. He also said the new Parliament building will become a symbol of 'Atmanirbhar Bharat'. The Union minister was addressing a gathering at the historic Central Hall of the old Parliament building for a function to commemorate the rich legacy of the Parliament of India. The new building has now been designated as the 'Parliament House of India'. After the function, the House proceedings will shift to the new building.

Let us resolve to make India corruption-free, developed nation: Goyal

As the Rajya Sabha on Monday started a discussion on Parliament's 75-year journey, Leader of the House and Union Minister Piyush Goyal called for making India a corruption-free and developed nation. When the House assembled for the five-day session, Chairman Jagdeep Dhankhar lauded the prime minister's vision for the successful G20 Summit. He also announced that the House will discuss 'Parliamentary Journey of 75 Years Starting from Samvidhan Sabha -Achievements, Experiences, Memories, and Learnings'. The chairman said all members will get an opportunity to express their views during the six-hour discussion. Leader of the Opposition and Congress president Mallikarjun Kharge also requested the chairman to revoke the suspension of two AAP members, Sanjay Singh and Raghav Chadha, at a time when the House is holding the session and moving into the new Parliament building. Initiating the discussion, Leader of the House Goyal recalled the contribution made by various members hailing fro

Bharat Mandapam, Yashobhoomi to promote trade, employment: Piyush Goyal

The two world class convention and exhibition centres -- Bharat Mandapam at Pragati Maidan and Yashobhoomi at Dwarka -- will help promote trade, industry and employment, Commerce and Industry Minister Piyush Goyal said on Sunday. Prime Minister Narendra Modi dedicated the first phase of India International Convention and Expo Centre - 'Yashobhoomi' to the nation at Dwarka on Sunday, while the ITPO's Bharat Mandapam was inaugurated on July 26. India Trade Promotion Organization (ITPO) is an arm of the commerce ministry. "Bharat Mandapam and Yashobhoomi will promote trade, industry, export and employment. Yashobhoomi will promote MSME sector, farmers and artisans and provide new opportunities and markets for them," Goyal said. He added that steps to make laws simpler, supporting startups, and increasing trade will help to promote the country's economic growth. On PM Vishwakarma Yojana, Goyal said that the prime minister has recognised the hard work of artisans and the scheme will ho

Explore new markets to reach $10 bn exports by 2030: Goyal to spice sector

The spice industry should work together to explore new markets, strengthen the existing ones and focus on value-added products to reach USD 10 billion exports by 2030, Union Minister for Commerce and Industry Piyush Goyal said on Saturday. "Currently our total exports of spices is at USD 4 billion. Rather than exporting spice in the raw form only, we should look for value-added products as we go forward. We should start building up more markets by exploring new markets and strengthening the existing ones. We should look at creating factories for value-added products to reach USD 10 billion exports by 2030 for the spices sector," Goyal said addressing the World Spice Congress 2023. Citing an example, the minister said, during Covid-19 pandemic, the demand for turmeric grew tremendously because of its medicinal properties and in terms of exports it has the potential to reach USD 2 billion. "If we focus all our energy on tumeric by developing value-added products, turmeric exports alon

Study practices that stop engineers participation in global projects: Goyal

Commerce and Industry Minister Piyush Goyal on Friday called upon the Services Export Promotion Council to conduct a study on international practices that restrict Indian engineering firms' participation in global projects. He said that the government will explore reciprocal actions based on this research study to ensure a level playing field for Indian engineers and businesses. The minister also encouraged the engineering community to achieve the USD 100 billion export target in engineering services, design, construction, and research and development (R&D) by 2030. He said this during his address at the 'Global Services Export Conclave on Design, Engineering, Construction, R&D and Environmental Services: Sustainable Energy, Transportation, and Infrastructure' here. Further, the minister urged Indian companies to expand globally, capturing new markets and leveraging India's abundant talent pool of STEM (Science, Technology, Engineering, or Mathematics) graduates to become ...