Page 37 - Piyush Goyal

Goyal discusses roadmap to achieve $250 bn textiles production by 2030

Union Minister Piyush Goyal on Wednesday discussed the roadmap to achieve the target of USD 250 billion domestic textiles production and USD 100 billion exports by 2030. The Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry highlighted the need for collective commitment to position India in the global market. "While interacting with the officers and staff during the Chintan Shivir organized by the Ministry of Textiles, Goyal emphasized on a holistic approach towards making the textiles sector more vibrant so as to prepare to take on global competition. He asked the officers to come up with innovative ideas and underscored the importance of streamlining the institutional structure for better service delivery, an official statement said. The Ministry of Textiles organized Chintan Shivir on Tuesday to brainstorm on various issues relating to the sector.

Developed economies under stress, there is demand slowdown: Goyal

The developed economies are under stress, and there is a demand slowdown in the world market, Commerce and Industry Minister Piyush Goyal on Monday said amid a dip in the country's exports. India's exports contracted by 22 per cent, the steepest decline in the last three years, to USD 32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe. "Over the last two years, we have had record exports. Unfortunately, the world seems to be moving towards a recession. Developed economies of Europe and America are under stress, very often overstocked, seen softening of commodities and commodity pricing and demand. Similarly, discretionary spending is very lukewarm," he said at an event. The minister said that gems and jewellery, textiles, and leather goods, which are India's strength areas are currently under stress. "In this situation, it is incumbent on all of us to work as a team and make the India story, the compulsive story of t

Goyal launches sale of subsidised chana dal under 'Bharat Dal' brand'

Union Food and Consumer Affairs Minister Piyush Goyal on Monday launched the sale of subsidised chana dal at Rs 60 per kg under a brand name 'Bharat Dal' to provide pulses at an affordable rate to consumers. Chana dal is being sold in Delhi-NCR through the retail outlets of National Agricultural Cooperative Marketing Federation (NAFED). It will also be available at retail stores of NCCF, Kendriya Bhandar and Mother Dairy's Safal. According to an official statement, Goyal launched the "sale of subsidised chana dal under the brand name 'Bharat Dal' at the rate of Rs 60 per kg for one kg pack and Rs 55 per kg for 30 kg pack." The introduction of 'Bharat Dal is a major step taken by the Central Government towards making pulses available to consumers at affordable prices by converting chana stock of the government into chana dal, it added. The milling and packaging of the chana dal is undertaken by NAFED for distribution through its retail outlets in Delhi-NCR and also through the outle

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India working with UK on intellectual property rights, modernisation: Goyal

There is work ongoing with a number of economies, including the UK, on the issue of intellectual property (IP) rights and modernisation in an effort to improve Indian protocols, Union Minister of Commerce and Industry Piyush Goyal has said. Goyal, who visited London this week amidst the India-UK talks for a free trade agreement, attended a gathering of Indian-origin chartered accountants (CAs) from the UK Chapter of the Institute of Chartered Accountants of India (ICAI) here on Wednesday evening. Responding to questions at the event, the minister a qualified CA covered a range of topics including IP rights and corporation tax to environmental, social and corporate governance (ESG). He said the process to harmonise with international standards is high on the government's agenda because integrating with world thinking on standards and IP is important for the fast-paced growth of the Indian economy. With the UK we are working on IP rights or IP modernisation. Our effort is to improve

We are working with various countries, including UK on IP rights: Goyal

There is work ongoing with a number of economies, including the UK, on intellectual property (IP) rights and modernisation in an effort to improve Indian protocols, Union Minister of Commerce and Industry Piyush Goyal has said. Responding to questions from a gathering of Indian-origin chartered accountants (CAs) from the UK Chapter of the Institute of Chartered Accountants of India (ICAI) at the conclusion of his London visit on Wednesday evening, the minister a qualified CA covered a range of topics including IP rights and corporation tax to environmental, social and corporate governance (ESG). He said the process to harmonise with international standards is high on the government's agenda because integrating with world thinking on standards and IP is important for the fast-paced growth of the Indian economy. With the UK we are working on IP rights or IP modernisation. Our effort is to improve the Indian protocols around intellectual property rights and areas associated with it, b

PM Modi wants every mindset to be that of developed nation's mind: Goyal

'Till we make our mind accept that we are going to be a developed nation, we will never become a developed nation. And wealth sustainability is a harsh reality we all have to accept

India-UK FTA: Goyal, Badenoch discuss thorny issues in negotiations

India and the UK began negotiations on the FTA in January 2022, and set a Diwali deadline last year for the trade pact

India, UK agree to add momentum to FTA talks during Piyush Goyal's visit

India and the UK have agreed to add momentum to the ongoing free trade agreement (FTA) negotiations, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday. Goyal, who is on a short visit to the UK, took to Twitter after meeting his UK counterpart Business and Trade Secretary Kemi Badenoch to say they had agreed to keep up work towards a mutually beneficial deal. India and the UK started round 11 of their FTA talks last Wednesday, which is expected to conclude on Friday. Held a meeting with the UK Secretary of State for Business and Trade Kemi Badenoch in London. Discussed how both sides can add further momentum to the India-UK Free Trade Agreement negotiations for a mutually beneficial deal, Goyal tweeted. It came a day after a UK government source said the senior Indian ministerial visit to the UK in the midst of a negotiation round shows there is political will to make progress towards an ambitious trade deal. The potential is clear a strong trade deal will ...

Piyush Goyal visit shows political will to make FTA progress: UK official

The visit of Union Minister of Commerce and Industry Piyush Goyal, who starts a two-day visit in London from Monday in the midst of ongoing free trade agreement (FTA) negotiations, shows political will to make progress towards an ambitious trade deal, a UK government source said. Goyal will hold talks with his UK counterpart, Business and Trade Secretary Kemi Badenoch, during which the two ministers are expected to discuss ways to progress the India-UK FTA following the start of round 11 in London last Wednesday. The latest round is expected to conclude on Friday. The ministerial meeting marks Goyal's first in-person meeting with Badenoch in London, having last met for talks in New Delhi in December last year during round six of the FTA negotiations. Goyal's visit to the UK in the midst of a negotiation round shows there is political will to make progress towards an ambitious trade deal, a UK government source said. The potential is clear a strong trade deal will strengthen the ..

Piyush Goyal to visit UK for FTA negotiations, review progress of TEPA

India and the UK began negotiations on the FTA in January 2022, and set a Diwali deadline last year for the trade pact

Piyush Goyal to visit UK for FTA negotiations, review progress of TEPA

The India-UK bilateral trading relationship was worth Pound 34 billion in 2022, growing by Pound 10 billion ( Rs 102 crore) in one year

Plastic industry should focus on manufacturing quality, exports: Goyal

Commerce and Industry minister Piyush Goyal on Friday urged the plastic industry players to focus on manufacturing quality and sustainable products with new technology and innovation to become globally competitive and increase exports. "...we are introducing quality checks and quality control on orders to stop the production or consumption, whether domestic or imported, of sub-standard and low quality, under-priced goods, which tend to hurt the plastic industry, our consumer interests and hamper the overall reputation and image of our country," the minister said at the 2nd 'Technology Conference for Growth of Plastic Industry' organised by industry body AIPMA. Goyal said, the government is very sensitive to the potential of the industry as well as about the problems of the plastic industry. "We are looking at how we can support the recycling of plastic waste or reuse of plastic raw material, and how we can make plastic disposable more effective and efficient. The global average rate

State Food Ministers to discuss kharif procurement, food security on Jul 5

Union Minister of Consumer Affairs, Food and Public Distribution Piyush Goyal will chair the conference

Centre will be facilitator for startups, not regulator: Piyush Goyal

The government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator, Commerce and Industry Minister Piyush Goyal said on Tuesday. He said that stakeholders of this ecosystem will do self-regulation. Addressing the Startup20 summit here, the minister said, the message that should go out from here is the joint commitment of all the 22 nations, who have participated, that the governments will not be looking at impeding the progress of the work that startups are doing. The best way is to be out of the startups ecosystem, he said, adding the government is not expected to start regulating or dictating or micro-managing the ecosystem. "Our role will always be that of a facilitator and I do not see the government becoming an administrator or a regulator of this sector," he said. He added that the job of the government is to give an initial push or early stage finance to budding entrepreneurs. The minister also said that India provides an unique

Comm min asks exporters to focus on potential sectors to boost exports

The commerce ministry on Monday asked exporters to focus on potential key sectors such as food, electronics and engineering and 12 major markets to boost exports, an official said. It was also suggested to focus on organising fairs and exhibitions at global scale, the government official said. These issues among others were discussed during a meeting called by the ministry with the industry and exporters. The meeting was chaired by commerce and industry minister Piyush Goyal. The six sectors which hold huge potential to increase the country's exports include food, textiles, engineering, electricals and electronics, medical devices, pharma and auto components. The main global destinations where exports could be promoted further include the US, UK, Brazil, Germany, Saudi Arabia, Sweden, Taiwan, Korea, Japan and Russia. An industry representative, who participated in the meeting, said that emphasis was given on both trade and investments. Increasing investments will help in promoti

'Collation of corrupts': Piyush Goyal's jibe at Oppn unity in Rajasthan

In an exclusive interview with ANI, the union minister said that the leaders of the opposition parties cannot influence a single vote outside their respective states

Raj govt failed on every parameter, says Goyal; BJP plans for protests

The Ashok Gehlot-led dispensation in Rajasthan has failed on every parameter, Union Minister Piyush Goyal claimed on Saturday and alleged that the state did not develop in the past four-and-a-half years due to an "unstable and incompetent" government. He also claimed that news of scams in the state government regularly dominate the headlines. "The Gehlot government has completely failed on every parameter. It is a corrupt government. Rajasthan did not develop in four-and-a-half years due to an unstable and incompetent government and the news of scams come in the newspapers every day," Goyal told reporters in Bharatpur. Goyal, the Union Commerce and Industries minister, alleged a Rs 20,000 crore scam in the Jal Jeevan Mission tender process. A similar scam of Rs 5,000 crore took place in the IT department, corruption in mining and the mid-day meal scheme have also surfaced, he said. The Union minister is in Rajasthan to take part in the BJP's outreach programme to mark the ninth ...

People of Rajasthan have made up their mind to vote for BJP: Piyush Goyal

Union Minister Piyush Goyal on Saturday accused Rajasthan Chief Minister Ashok Gehlot of corruption and said that people of the poll-bound state have made up their minds to vote for BJP in the forthcoming assembly elections. He claimed that the people of the state are "very" upset with the Gehlot government as they have failed on every front. "The people of Rajasthan are eager to root out the Gehlot government, and they have made up their mind to vote for BJP in the forthcoming assembly elections," Goyal told reporters here. He said also the Modi-government at the Centre has taken a series of measures for the welfare of poor people and farmers without any discrimination. The Union minister alleged that the state government is not implementing those schemes properly for the people here. The commerce and industry minister said that due to the steps taken by the Modi government, India's economy is recording a healthy growth rate. He alleged that during the UPA regime, India's econom

Govt seeks industry feedback on challenges in PLI to enhance effectiveness

Goyal urged officials to hold regular consultation and roundtables with PLI beneficiaries