Page 38 - Piyush Goyal

Govt seeks industry feedback on challenges in PLI to enhance effectiveness

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

Govt seeks industry feedback on PLI scheme to enhance effectiveness

The government has sought feedback from the industry on the production linked incentive (PLI) scheme with a view to enhancing its effectiveness, according to an official statement issued on Wednesday. The commerce and industry ministry, which coordinates the scheme, also urged PLI beneficiaries to take up any procedural challenges/ issues with the respective implementing ministry or department so that positive reforms can be brought about and the scheme can be made more efficient and effective. Issues pertaining to the scheme were discussed in a workshop called by the Commerce and Industry Ministry on June 27 here. Commerce and Industry Minister Piyush Goyal stated that the government is committed to fostering a conducive business environment and accelerating growth in PLI sectors. "The minister encouraged industry's feedback and collaborative engagement to shape the policies, procedures and effectiveness of the PLI scheme," the ministry said in a statement. The government announc

India is pioneering sustainable textiles, says Union Minister Piyush Goyal

The Minister said that the Indian textile industry has made a mark in the world with its innovative and attractive products

India actively considering CEPAs, FTAs to boost textile exports: Goyal

Union Minister Piyush Goyal on Monday said India is actively considering entering into free trade pacts and comprehensive economic partnership agreements to tap new markets, increase exports and create opportunities for the domestic textile industry. The Minister of Textiles highlighted that the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park is being established across 7 states to promote India's textile sector in a significant manner. Goyal said PM MITRA Parks will lead to a reduction of logistic costs due to a cluster-based approach to manufacturing and production of quality products with appropriate testing facilities. The minister emphasised that countrymen deserve the best quality of garments and this should be ensured by all the stakeholders. He encouraged the industry to focus on quality and test their products to comply with quality standards. Goyal said India is pioneering sustainable textiles, contributing to a lesser carbon footprint and promo

Amid tepid utilisation of funds, govt to review PLI scheme on Tuesday

Progress has been slow in the case of the remaining six sectors - steel, textiles, battery, white goods, solar PV and automobiles

Greed for power characteristic of Congress: Piyush Goyal on Emergency

Union minister Piyush Goyal on Sunday recalled the imposition of Emergency by the then Indira Gandhi government, saying greed for power is a characteristic of the Congress party. Goyal, who interacted with a group of intellectuals here, said the Emergency was imposed as the court declared the Indira Gandhi-led Congress government a corrupt one and said that she could not hold any post for six years. He claimed the Congress always wants to remain in power and this greed for power is a characteristic of the party. On June 25, 1975, the Indira Gandhi government imposed Emergency, which lasted for the next 21 months, during which fundamental rights of the people were provisionally suspended and curbs were put on the press. The commerce and industries minister was here as part of the BJP's campaign for highlighting the nine-year rule of the Narendra Modi government at the Centre. Talking about the Emergency era, he said the day is observed as a black day in independent India. He said

Piyush Goyal holds interaction with 50 top-performing Youtubers in India

Commerce and Industry Minister Piyush Goyal has held an interaction with over 50 top-performing Youtubers in India on various issues like popularising handicrafts, benefits of millets and consumer awareness, an official said. The interaction was held on June 23. Youtubers who participated in the discussions include Vivek Bindra, Gaurav Chaudhary (Technical Guruji), Viraj Sheth (Co-founder Monk Entertainment), Ganesh Prasad (Think School), Shlok Srivastava (Tech burner), Prafull Billore (MBA Chai Wala), and Anushka Rathod (Anushka Rathod Finance), among others, the commerce and industry ministry official said. "Minister Piyush Goyal held a fruitful interaction 'SAMPARK SE SAMVAD' with an interesting group of top-performing Youtubers in India, from diverse genres who are experts at demystifying content of any nature," the official said. The issues discussed during the interaction included consumer awareness and protection (with a special focus on fake websites), cyber security, ways

India, US to discuss GSP restoration issue to find solution: Piyush Goyal

India and the US have agreed to discuss New Delhi's demand for restoration of GSP benefits to domestic exporters and now both sides will commence discussions to find a solution, Commerce and Industry Minister Piyush Goyal said on Friday. The previous Trump administration in the US revoked the Generalized System of Preferences (GSP) from India in 2019. The GSP allows eligible developing countries to export duty-free goods to the US. About 1,900 Indian products from sectors such as chemicals and engineering were getting duty-free access to the US market under the GSP, introduced in 1976. The joint statement issued after the meeting of Prime Minister Narendra Modi and US President Joe Biden in Washington said that India has highlighted its interest in the restoration of its status under the US Generalized System of Preferences programme, which could be considered in relation to eligibility criteria determined by the US Congress. The leaders supported intensifying the work to advance .

PM leading Yoga Day celebrations symbolises India's growing strength: Goyal

Union Minister Piyush Goyal said that PM Modi's leading the Yoga Day celebrations at the United Nations Headquarters symbolises India's growing strength and increasing relevance on the world stage

Centre refusing rice under OMSS to keep stocks, check price: Piyush Goyal

The politics over the supply of rice to Karnataka heated up on Tuesday with the ruling Congress and the opposition BJP staging demonstrations in various parts of the state

Rajasthan govt trying to mislead public in name of announcements: Goyal

Union Minister Piyush Goyal on Sunday targeted the Congress government in Rajasthan alleging that after four-and-a-half years of its rule, it is trying to mislead the public in the name of announcements. Accusing the state government of blocking the schemes of the central government, he said the Centre has approved a plan of Rs 5,782 crore to bring water from Chambal in Alwar, but the "corrupt Gehlot government has blocked that too". Goyal and BJP's national spokesperson and MP Rajyavardhan Singh Rathore interacted with media in Kotputli on the public welfare policies of the central government. The Union Minister said that the state government could not even fulfil the promises made in its manifesto. "Promises such as providing unemployment allowance and loan waiver of farmers turned out to be lies," Goyal alleged. He said that after four-and-a-half years of the state Congress government, it is "working to mislead the public" in the name of announcements. To a question on the rec

Govt reform measures helping Indian economy to grow at faster pace: Goyal

The commerce and industry minister also said that the government has managed the rate of inflation in single digits

India can look for FTA talks with Africa to further strengthen ties: Goyal

India can also look for negotiating a free trade agreement with Africa to further strengthen economic ties, he said

Indian firms looking at business opportunities in Africa, says Piyush Goyal

Indian companies are looking at business opportunities in Africa as the continent holds huge potential to boost trade and investments, Commerce and Industry Minister Piyush Goyal said on Thursday. He also said that businesses of both regions should look at increasing bilateral trade beyond the target of USD 200 billion by 2030. The bilateral trade at present is about USD 100 billion. India can also look for negotiating a free trade agreement with Africa to further strengthen economic ties, he said. "Indian companies are looking at many more opportunities, and they can help increase economic growth in Africa and create jobs," Goyal said at CII-EXIM Bank Conclave on 'India-Africa Growth Partnership'. In terms of increasing trade, "we have not reached our true potential", he added. Goyal also said India works as a friend and brother with Africa and does not "take over" assets like power transmission lines and ports.

GatiShakti must be leveraged to benefit sectors beyond infra: Piyush Goyal

He highlighted that the area development approach under PM GatiShakti can be used for engaging with aspirational districts of NITI Aayog

Piyush Goyal, US trade representative Tai to hold virtual meet today

US Trade Representative Katherine Tai will on Thursday hold a virtual meeting with Union Commerce and Industries Minister Piyush Goyal. The meeting comes ahead of Prime Minister Narendra Modi's official State Visit to the US next week at the invitation of President Joe Biden. During the meeting, Tai and Goyal are expected to put the finishing touches on the announcements being planned for next week. Bilateral trade between India and the US has nearly doubled in the Modi government's nine years. Last year, trade between the countries was over USD 191 billion. On Tuesday, US Chambers of Commerce President and CEO Suzanne Clark urged Modi and Biden to work towards achieving bilateral trade of USD 500 billion per annum. Speaking at the India Ideas Summit of the US-India Business Council, Clark said, "By reaching that ambitious bilateral trade target (of USD 500 billion), together we can demonstrate to the world that the future of the global economy will be anchored by democracy, free

India-UAE aim to double non-oil trade to $100 bn by 2030: Piyush Goyal

Joint committee of officials from both sides to review terms of CEPA, which came into force on May 1, 2022

India, UAE central banks discuss rupee-dirham trade progression: Goyal

Discussions between the central banks of India and UAE on promoting bilateral trade in the rupee and dirham to reduce transaction cost is progressing at a "very" fast pace, Commerce and Industry Minister Piyush Goyal said on Monday. As the top leaders of both countries are decisive, so one "can imagine good outcomes very soon" on this, he added. India and the UAE already implemented a free trade agreement (FTA) in May last year to give a boost to bilateral trade and economic ties. The central banks of both countries are discussing the standard operating procedures and modalities. These talks were started in March 2022, and now "it is about a year since then, but both the countries have made significant progress," Goyal told reporters here. The RBI and the Central Bank of the UAE have been in a "very active" dialogue, and the finance ministry here is also "very" supportive and handling the entire issue, he said. "I am sure that given the high level of engagement on both sides, not

India, UAE to raise non-petroleum trade to $100 bn by 2030: Piyush Goyal

India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation's trade minister said on Monday

In a first, Centre to review PLI scheme to sort out teething issues

Interactions with line ministries lined up to seek feedback