Page 42 - Piyush Goyal

Large companies must take responsibility to handhold MSMEs: Piyush Goyal

Goyal was speaking at the fourth Plenary Session of the B20 India Inception Meeting on Building Resilient Global Value Chains in Gandhinagar

Apple looking to manufacture 25% of iPhones in India: Piyush Goyal

Apple's iPhone is now being Made in India and the biggest plant is being set up in Bengaluru. The company gets iPhones manufactured by Foxconn, Wistron and Pegatron in India

Goyal asks businesses to adopt sustainable, green approach in practices

He mentioned that India was one of the top five countries in the world in terms of adopting and implementing environmental goals

Apple targeting to raise India production share to 25%: Piyush Goyal

'They are already at about 5-7% of their manufacturing in India. If I am not mistaken, they are targeting to go up to 25% of their manufacturing'

Union Minister Piyush Goyal pitches for startup database in country

Commerce and Industry Minister Piyush Goyal on Monday called for making a strong database of all startups in the country as it would belp both public and private sectors

Probe into alleged corruption in FCI a wake-up call: Piyush Goyal

Food Minister Piyush Goyal on Saturday termed the CBI investigation into alleged corruption in Food Corporation of India (FCI) a "wake-up call" for the state-owned firm and asserted that those involved in corrupt practices will not be spared. FCI - the government's nodal agency for procurement and distribution of foodgrains - would follow the principle of zero tolerance for corruption, the minister said. Goyal stated this while delivering the inaugural address at the 59th Foundation Day of FCI here, an official statement said. It's a wake-up call for the organisation and those found involved in corrupt practices will not be spared, Goyal was quoted as saying while referring to the ongoing investigation into the alleged cases of corruption in FCI. He said FCI will follow the principle of zero tolerance for corruption and there is a need to ensure that there is not a single corrupt employee in FCI. Goyal directed the officials to institutionalise a mechanism wherein whistleblowers .

LIVE: CBI raids Delhi Deputy CM Manish Sisodia's office at secretariat

Live news updates: The remains would be taken to Sharad Yadav's ancestral village in Narmadapuram, Madhya Pradesh

Piyush Goyal calls for redoubling efforts at WTO for TRIPS waiver

In June last year, members of the WTO agreed to grant a temporary patent waiver for the manufacturing of Covid-19 vaccines for five years

Goyal calls upon Global South nations to help build resilient supply chains

Goyal also emphasised upon the need for de-politicisation of the global supply of essential medicines

LIVE: Former Union Minister Sharad Yadav passes away, confirms his daughter

Catch all the live updates from across the globe here

India looking at bigger ambitions in trade with US, says Piyush Goyal

Two specific targets for this elevated engagement were semiconductors and defence production

India, US establish new trade group to build sustainable supply chains

The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023

G20 summit great opportunity for India to showcase its strengths: Goyal

The next G20 summit presents a "great opportunity" for India to showcase many of its strengths and provide leadership to several challenges the world is facing, Minister of Commerce and Industry Piyush Goyal has said. Goyal is in the US on an official visit. He co-chaired the India-US Trade Policy Forum meeting with US Trade Representative Katherine Tai on Wednesday. The G-20 is going to be a very exciting opportunity for India to provide leadership to many of the challenges before the world. It is going to be a great opportunity for us to showcase the many strengths of India, he told reporters at a news conference here on Wednesday. India formally assumed the G20 Presidency on December 1. The next G20 Leaders' Summit at the level of Heads of State/Government is scheduled to be held on September 9 and 10 in New Delhi. Prime Minister Narendra Modi has said India will work to further promote oneness, inspired by the theme of One Earth, One Family, One Future and listed terrorism, ...

India, US 'thinking big', says Goyal, rules out mini trade deal or FTA

The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, a top Indian official said Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that revoking of GSP is not a priority for New Delhi. The previous Trump administration has revoked the Generalized System of Preferences (GSP) from India. The GSP allows eligible developing countries to export duty-free goods to the US. It is during the previous administration as well that the two countries were on the verge of a mini trade deal, which has now been kicked out of the table. The Biden administration is also not in favour of a free trade agreement which businesses from either side are now talking about. "I think in terms of GSP, I have not heard any significant clamour from the Indian industry. To focus our energies on the GSP issue, I have raised it today with my counterparts," Union Commerce and Industry Minister Piyus

India, US working mechanism to export shrimps for Americans: Piyush Goyal

India and the United States are developing a mechanism for the Indian fishermen to be able to export shrimps for the American consumers, Union Commerce and Industry Minister Piyush Goyal said Wednesday. "We had discussions for restarting the wild caught shrimp exports from India to the US," Goyal told reporters at a news conference here at the conclusion of India-US Trade Policy Forum meeting that he co-chaired with US Trade Representative Katherine Tai. This was an area that was banned by the US because of concerns around turtles, in the areas where wild caught shrimp was being fished in India, he said. "A turtle excluder device has been designed with the technical support of the NOAA (National Oceanic and Atmospheric Administration), from the US, and that design has been accepted now, between the two countries as a collaborative effort between India and the United States," he said. The device is now being taken up for trials. The trials of that machine, he said, will ensure that

Delay in business visa issuance discussed with US, says Piyush Goyal

India discussed with the US the inordinate delays in issuance of business visas to the people from India, and there has been a good resonance of it by the Americans, visiting Union Commerce and Industry Minister Piyush Goyal said Wednesday. "We found very good resonance to our request that issuance of business visas which is taking a long time back home in India is an area which needs to be expedited so that business persons interested on both sides -- the US businesses and Indian businesses -- need to have faster processing of business reasons, so that trade and investment and business does not suffer," Goyal told reporters at the conclusion of India-US Trade Policy Forum meeting that he co-chaired with the US Trade Representative Katherine Tai. India, Goyal said, has made the request to the US that they may speed up the issuance of regular business visas when people come in for short trips to pursue their trade and business interests. "We are delighted that the movement of ...

Limitless opportunities for US investors to grow in India: Piyush Goyal

In a statement issued by the USIBC, Goyal said that "for the US companies looking for 'good times', this is the time, this is the right time, to look at India, and engage more with India

Piyush Goyal discusses investment opportunities with US executives in NY

Commerce and Industry Minister Piyush Goyal met with chief executives of leading global corporations as well as industry stakeholders here and discussed investment opportunities in India and areas to further strengthen the bilateral trade partnership with the US. Goyal, who is in the US on an official visit, held a series of meetings with the CEOs of investment and financial giants on Monday. Following a meeting with smart and sustainable buildings solutions provider Johnson Controls Chairman and CEO George Oliver, Goyal tweeted that he exchanged views on enhancing company's role in decarbonisation & developing sustainable buildings in India. They also discussed developing security products through Research and Development, the Internet of Things and Artificial Intelligence. In his meeting with the CEO and Chairman of investment management giant Blackstone Stephen Schwarzman, Goyal discussed expanding India's investment landscape, including infrastructure, renewables and green ...

Huge investments opportunities are there in India, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Monday said huge investment opportunities are there in India due to its large domestic consumption demand, rule of law and transparent economy. The minister is in the US for a three-day visit. India is a land of opportunity, and the Indian diaspora should take this message to the world, he added. "India offers huge opportunities due to its large domestic consumption demand, democracy, rule of law and transparent economy," Goyal said while addressing the Indian community at an event in New Jersey. He urged everyone to take this message to the world that India is the trusted partner in the supply chain and investment portfolio. He also called the diaspora for promoting made-in-India products and presenting India's investment opportunities to investors in the US. Goyal said transformational reforms that India witnessed over the last few years have made India the world's fifth-largest economy. He expressed confidence that in a few years

Piyush Goyal to attend India-US Trade Policy Forum on January 11

The TPF aims to iron out key trade and investment-related issues between India and its largest trade partner - the US