Page 43 - Piyush Goyal

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

Goyal to hold meetings with Italy, France leaders next week to boost trade

Commerce and Industry Minister Piyush Goyal will hold a series of meetings with leaders and top CEOs of France and Italy next week during his three-day visit to these two countries to further boost trade and investment ties. The minister will be on an official visit to France (Paris) and Italy (Rome) on April 11-13. He will be accompanied by a delegation of top Indian CEOs. In France, Goyal along with Olivier Becht, Minister delegate of Foreign Trade, Attractiveness and French Nationals Abroad, Government of France, will co-chair the India-France Business Summit on April 11, the commerce ministry said in a statement on Sunday. The summit will focus on various themes, including building a green future, emerging technologies, defence cooperation and cooperation in the Indo-Pacific regions, it added. Goyal is also scheduled to meet with French business leaders across various sectors and will attend a CEOs roundtable. Both Indian and French ministers will participate in an event that

Goods exports hit $447 bn in FY23; final data awaited: Piyush Goyal

Services exports likely to see sharper jump, estimated to cross $320 billion in FY23 from $254 billion a year ago

Don't repeat the mistake you made in 2018 polls: Piyush Goyal to K'taka

Union Minister for Commerce and Industry Piyush Goyal on Friday urged the people of Karnataka not to "repeat the mistake of 2018 polls", and to provide an absolute majority to the BJP in the May 10 Assembly elections. During an Interaction with the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), he asked the people to elect a strong and single-party government, which would be committed to the welfare of the people of Karnataka and provide good governance. The 2018 Assembly polls had thrown up a hung verdict, following which the Congress and JD(S) joined together to form a coalition government initially. However, the BJP later got MLAs from the rival parties to defect, and emerged as the single largest party. "We (BJP) commit ourselves to providing a double-engine government in Karnataka, a government that will work hand-in-hand with the central government," Goyal said. Addressing the gathering, he said, "We would like to see Karnataka get an absolute majority ...

Foreign trade policy: Exporters seek 3 months from Centre for transition

In case there is a change in the policy, the transition time in that case will help the exporter execute the contract, giving some certainty for the exporter

Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 trn in 2022-23

Union Commerce Piyush Goyal said in the financial year 2022-2023, procurement of goods and services from the government portal Government e-Marketplace (GeM) has crossed the Rs 2 trn mark

New foreign trade policy seeks to spur rupee trade, e-com exports

New policy is in line with government's priority towards moving from an 'incentive-based regime' to a 'remission and entitlement-based regime', thereby making the policy compliant with WTO rules

India on track to achieve $2 trillion exports by 2030: Piyush Goyal

Commerce and Industry Piyush Goyal on Friday exuded confidence that India's merchandise and services exports will cross USD 2 trillion by 2030 from the current level of USD 765 billion, as he unveiled a "dynamic and responsive" foreign trade policy. He said that goods exports have witnessed good growth considering the current global scenario while services exports may see a quantum jump in the current fiscal. "We have to meet our exports targets going forward," said the minister, adding that "we will need to work a bit harder" on goods exports. "It shouldn't be that by 2030, services exports cross USD 1 trillion while you (merchandise exports) lag behind. I am confident that we will cross USD 2 trillion by 2030," Goyal said. The minister said he has asked the Department of Commerce to undertake a "massive focused concentrated" outreach globally in the next 4-5 months sectorally as well as country-wise through Indian missions abroad with special focus on trade, technology, tourism a

Govt releases Foreign Trade Policy 2023, eyes $2 trn export target by 2030

India is likely to end this fiscal year with total exports of $760-770 billion as against $676 billion in FY22