Page 38 - Piyush Goyal

Goyal invites big, small retailers to join ONDC to create opportunities

Commerce and Industry Minister Piyush Goyal on Tuesday invited all big and small retailers to join the government-promoted Open Network for Digital Commerce (ONDC), as it would help in creating huge opportunities for everybody. ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium and reduce the dominance of giants in the sector. It is a non-profit company, which is formulating a set of standards for voluntary adoption by sellers or logistics providers or payments gateway operators. ONDC will require an undertaking from each participant at the time of onboarding that it will comply with the policy in its entirety. "The Walmarts and Flipkarts of the world the Tatas, and Reliances of the world, everybody has a role in making ONDC a success. So, we would like to invite everybody to be part of this journey in a free and fair manner and nobody will be discriminated against. It is open to

90% workers expect pay rise in 2023, 78% received one in 2022: Report

Workers' expectations around the pay rises this year have skyrocketed in India, with 90 per cent of people interviewed are looking for a hike in salary, a report said on Monday. In India, 90 per cent of workers interviewed expect a pay rise this year and on average, close to 20 per cent of the employees surveyed are anticipating an increase of 4-6 per cent, followed by 19 per cent anticipating a 10-12 per cent hike, ADP Research Institute's - People at Work 2023: A Global Workforce View - report revealed. The report revealed that in India, 78 per cent of workers received a pay rise last year, and the hikes averaged 4-6 per cent. This year, even if there is an absence of salary hike in the country, a substantial 65 per cent of employees express a desire for some form of merit bonus, paid holidays or travel compensation, it stated. "Getting a pay rise has become increasingly important, particularly for those in lower- and middle-income brackets. With the rising cost of living, ...

World is looking at India, grasp this opportunity to grow exports: Goyal

Union minister Piyush Goyal on Sunday said the world is now looking up to India and its industries and this is the right time for entrepreneurs and industry players to grasp the opportunity and grow exports. Entrepreneurial abilities in the country with innovation, new ideas, new ways of marketing and branding products can unleash the true potential of the country, the Commerce and Industry Minister said while addressing the 49th India Gem and Jewellery Awards. "On April 24, I have a meeting with ministers of the European Free Trade Association (EFTA), consisting of four countries including Iceland, Liechtenstein, Norway and Switzerland, who are keen to negotiate with India. "Other Gulf countries and Russia are also keen to negotiate with India. The world is now looking up to India and its industries, and this is the right time for the industries and entrepreneurs to grasp the opportunity and grow exports," Goyal said. Further, Goyal said jewellery exporters have shown good promise

Govt to form ESG taskforce, finalise contours of PLI for textile: Goyal

The government will form an Environmental, Social, and Governance (ESG) taskforce for the textiles sector to enhance its credibility in view of India's own commitment to sustainability, Union Minister Piyush Goyal on Saturday. Talking to reporters, the Minister of Commerce & Industry and Textiles also said that the contours of the Production Linked Incentive (PLI) scheme for the textile sector will soon be finalised and taken up for approval at the higher level. The ESG taskforce which will look at environmental, social and governance issues in the textile sector as credibility is becoming more and more important and exporters shared that they were getting twice the value for the same product if it is a sustainable product. "We have discussed that textile will also contribute to that and this group will come up with suggestions which will help the textile sector become more sustainable in their current operations and also look for more opportunities in sustainable textiles," said .

Condemns people who spread negativity: Piyush Goyal on Malik remarks

Union Minister Piyush Goyal on Saturday said he condemns people who spread negativity and try to hinder the progress of the nation, alluding to critical remarks made by former Jammu and Kashmir governor Satya Pal Malik about the BJP-led central government. Goyal asserted that they are positive-thinking people. "Unfortunately, some people always think negatively and all the time try to stall the country's progress by misleading people. I completely condemn such people," he told reporters here. He was replying to a question about Malik in a media interview making critical remarks about the BJP-led Centre, especially regarding its handling of Jammu and Kashmir where he served as the last governor before the erstwhile state was bifurcated into Union territories. The Central Bureau of Investigation (CBI) has asked Malik to answer certain queries in connection with an alleged insurance scam in Jammu and Kashmir. This is the second time in seven months that Malik, who has served as the ..

India can emerge as key player in global technical textiles market: Goyal

According to Goyal, to meet the growing internal and global demand for sustainable and circular products, India is also bracing itself

India focused on high-quality education in alignment with NEP: Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal said that India is focused on ensuring high-quality education, affordability and flexibility in alignment with the National Education Policy, 2020

Focus on use of technology to help revolutionise real estate sector: Goyal

Focus on areas like credible and well-regulated real estate landscape, greater use of technology through artificial intelligence and block chain will revolutionise the sector, Commerce and Industry Minister Piyush Goyal said on Saturday. He also said that adoption of green solutions for sustainable buildings will help the country to meet the global challenge of climate change. The effective and speedy redressal of housing sector complaints has given a major impetus to this sector and in fact a lot of problems that had in and around Mumbai and Delhi are gradually resolved, Goyal said. Suggesting a few mantras to help the sector in the task ahead, he said focus on credible and well-regulated real estate landscapeyou are looking at greater use of technology through artificial intelligence, blockchain and virtual reality will revolutionise the real estate sector. India will also become the third largest construction market globally in the next 2-3 years and possibly the second largest

India to protect interests of farmers, dairy sector in FTA with EU: Goyal

India will completely protect the interests of farmers and dairy sector in the proposed free trade agreement (FTA) with the European Union, commerce and industry minister Piyush Goyal has said. He was here on an official visit to hold discussions with leaders and the private sector on ways to further enhance trade and investment ties between the countries. The minister also went to Paris for the India-France business summit. Goyal said that Italy and France have offered unstinted support for the early conclusion of negotiations for the India-EU trade agreement. During the meetings in Italy and France, he said, India has emphasised about the different economic conditions and per capita income in the two regions. But the kind of business opportunities which India provides for EU businesses are huge and "nobody can provide those in the world", he added. "Keeping all this in mind, we would do the FTA... We will protect the interests of farmers and dairy sector... We have done that wit

Nayara Energy to expand business 50% by 2030, says Chief Alois Virag

He added that his company wants to contribute to making India more self-reliant and self-sufficient with petrochemical production

High targets must be set in India-Italy partnership: Piyush Goyal

Goyal appreciated Tajani for the deep engagement and said that there is a tremendous potential for growth in the India-Italy partnership and through this visit new ideas have emerged

Apple continuously expanding business operations in India: Piyush Goyal

US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said. He said that the electronics industry works like this as first they put a basic set up and then they keep sourcing different components to add into their ecosystem. "Apple is continuously expanding their operations in India... We are in regular touch with the Apple, MeITY (Ministry of Electronics and Information Technology) is also in touch with them... We hand-hold them because in a way, the eyes of the whole world are fixed on Apple," he said when asked about Apple's plan to start full-fledged manufacturing unit in India. The company gets iPhones manufactured by electronics giants -- Foxconn, Wistron and Pegatron in India. The minister has earlier stated that India's exports of mobile and electronics goods have doubled in the last year. "Apple itself has exported about

India, Italy for achieving balanced, fair Indo-EU free trade agreement

India and Italy have discussed progress of talks on the proposed free trade agreement between New Delhi and the European Union (EU) and hope for its early conclusion, the commerce ministry said on Thursday. In January last year, India and the EU resumed negotiations for a free trade agreement, investment protection and Geographical Indications (GI). Italy is a member of the EU. The issue came up for discussion in the meeting of Commerce and Industry Minister Piyush Goyal and Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation in Foreign Office Antonio Tajani here on April 12. "The ministers underlined the importance of achieving a free, balanced and fair free trade agreement and hoped that it would be concluded soon," it said. They also agreed to the convening of the next session of the Joint Commission on Economic Cooperation (JCEC) in Rome in the last week of September. Tajani suggested the formation of a Joint Working Group in the strateg

India's exports rise 6% to $447 bn in 2022-23, imports up 16.5% at $714 bn

The country's exports rose by about 6 per cent to a "record" USD 447 billion during 2022-23 on account of healthy growth in the outbound shipments of sectors such as petroleum, pharma and chemicals and marine, Commerce and Industry Minister Piyush Goyal said on Thursday. The country's imports also grew by 16.5 per cent to USD 714 billion in 2022-23 as against USD 613 billion in 2021-22. He said that the exports of goods and services together scaled "new heights" and has increased by 14 per cent to USD 770 billion in 2022-23 as against 676 billion in 2021-22. "I am delighted to share with you the outstanding export performance for 2022-23, with India's overall exports scaling new heights at USD 770 billion, registering 14 per cent growth over the previous year and all-time high record growing from USD 500 billion in 2020-21 to USD 676 billion in 2021-22," the minister told reporters in Rome. India's services exports too have increased by 27.16 per cent to USD 323 billion in 2022-23

Piyush Goyal describes India as 'voice of developing countries' in Rome

Goyal further spoke on connectivity at the event and highlighted how India offers an oasis of opportunity with 1.4 bn people aspiring for a better quality of life

India-France Business Summit: Piyush Goyal meets Blablacar CEO in Paris

Car Pooling application BlaBlacar Co-founder And Chief Executive Officer Nicolas Brusson met with Commerce Minister Piyush Goyal in France's capital Paris

Huge delta of opportunities for investments in India: Goyal to French cos

According to the minister, young population, presence of huge talent pool and digital connectivity offer opportunities for investors

India deeply values strategic partnership with France: Piyush Goyal

The minister further noted that this year India is celebrating 25 years of partnership with France and 75 years of India's Independence

India will be third largest economy by 2027-28, says Piyush Goyal

The Minister said that exports were $676 billion last year. "We had a target to reflect the sentiment of young and enthusiastic Indians. In the 75th Year of Independence, we crossed $750 billion

Centre to come up with a single trade body to promote exports: Report

Last month, the Centre unveiled its new foreign trade policy (FTP 2023) setting a target of achieving $2 trillion in exports by 2030