Page 42 - Piyush Goyal

Jaishankar, Goyal, Chandrasekhar to co-chair first India-EU Trade-Tech meet

The first ministerial meeting of the India-EU Trade and Technology Council (TTC) will be held in Brussels on Tuesday, to be co-chaired on the Indian side by Minister of External Affairs S Jaishankar, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar. The TTC was launched by Prime Minister Narendra Modi and the President of the European Commission, Ursula von der Leyen, during her visit to India in April last year. It led to the creation of three Working Groups under the TTC: Working Group on Strategic Technologies, Digital Governance and Digital Connectivity; Working Group on Green and Clean Energy Technologies; and Working Group on Trade, Investment and Resilient Value Chains. Thank President of @European_Commission @vonderleyen for meeting the Indian ministerial team, Dr Jaishankar tweeted after arriving in Brussels on Monday evening. Appreciate the open discussion on trade, technology and geopolitics. Look forward to

Belgium PM meets Indian ministers, discusses renewable energy, tech

Prime Minister of Belgium, Alexander De Croo on Tuesday (local time) met External Affairs Minister S Jaishankar, Minister of Commerce & Industry, Piyush Goyal and Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology, Rajeev Chandrasekhar and discussed strengthening ties in renewable energy and technology."Had a productive meeting with @DrSJaishankar, @PiyushGoyal and @Rajeev_GoI, discussing ways to enhance the partnership between Belgium, the EU, and India. Focused on strengthening ties in key areas like renewable energy and technology, aiming for shared progress and prosperity," tweeted Croo.Sweden is an important trade, technology and investment partner of India in the European Union. It is also a key member of the Nordic grouping that India has been engaging in a structured format since 2018.Speaking on LeadIT initiative - The Leadership Group for Industry Transition (LeadIT) aims to enable the transition of heavy industry to net ...

Huge potential to increase eco ties between India,Canada: Piyush Goyal

World Food India show in November 2023 can serve as the platform that can showcase the best of India and collaborate with businesses across the world, the minister said

Piyush Goyal to co-chair bilateral ministerial trade dialogue in Canada

Piyush Goyal will on Monday co-chair the discussions for the sixth India-Canada ministerial dialogue on trade and investment (MDTI) in Ottawa, Canada, along with his Canadian counterpart Mary Ng

Railways orders closure of last printing presses in digital push

Railways owned 14 printing presses, of which nine were ordered to be shut down earlier

I want to see greater presence of Boeing in India: Piyush Goyal

Commerce and industry minister Piyush Goyal on Thursday said he wants to see a greater presence of US-based Boeing in India as the American firm has recently received a large order of planes from Tata Group-owned Air India. In February, in one of the largest aircraft orders by an airline, Air India announced it will buy 470 narrow-body and wide-body planes from Airbus and Boeing, with the total deal value estimated to be worth USD 80 billion (over Rs 6.40 lakh crore). Goyal also said that the India-US bilateral trade is increasing at a healthy rate and both the sides are looking at expanding the trade four-fold so that "we can touch USD 500 billion target by 2030". By 2030, India is looking at increasing their goods and services exports to USD 2 trillion. "Boeing has received a very large order from the Tata's and I am given to understand that similar sized orders are in the pipeline... I want to see greater presence of Boeing in India, we would love to see you expand your local ..

'Unhappy with footwear industry for not complying with quality control'

Commerce and Industry Minister Piyush Goyal on Wednesday came down heavily on the footwear industry for not complying with the quality control order issued in 2020 and seeking more time to comply. Industry players and exporters of footwear have urged the government to extend the implementation of the Quality Control Order (QCO) by 12 months as the businesses are not yet prepared to follow the norms. Goyal said that no QCO is introduced without adequate consultations with the industry. On leather and footwear sector, the government issued three mandatory quality orders on October 27, 2020. These orders were issued after detailed consultations with the industry and not suo moto, he said. "So in two-and-a-half-years, if somebody has not yet become compliant, then there is a vested interest which we can not fulfil....it means their intentions are wrong," he told reporters when asked about the industry apprehensions on these orders. He accused that the industry running a campaign agai

Piyush Goyal marks importance of small countries in global supply chain

The Union Minister appealed to all to aim for a 47 trillion dollar economy when India reaches the year 2047

Walmarts to Flipkarts, all have role in making ONDC a success: Piyush Goyal

According to the minister, small artisans and workers can offer better quality products through ONDC and also earn better, without having to pay commission

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