Page 45 - Piyush Goyal

Goyal calls for self-regulation within entertainment industry on content

Commerce and industry minister Piyush Goyal on Thursday asked the entertainment industry to self-regulate content of programmes on televisions and over-the-top (OTT) platforms as some of them are beyond acceptable standards within the Indian cultural landscape. He said that some form of self-regulation and some levels of decency in the presentation of India, Indian families and culture needs to be there. "I do believe that some form of self-regulation within the media and entertainment industry is called for. On the one hand, we talk of our culture, rich tradition, our heritage, our family value systems and on the other hand, some of what we see on television and OTT platforms, certainly is beyond what is ordinarily acceptable standards within the Indian cultural landscape," the minister said. He wondered if any of the Indian families use the kind of language that is sometimes reflected on some of these OTT shows. "I do not know if it helps in sell your product any better. I suspec

India to start talks for new FTA with a region next week: Piyush Goyal

India will be launching negotiations for a free trade agreement (FTA) with a region next week, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that negotiations are going on with countries, including the UK, European Union, Canada and Israel. "Next week, we will be launching one more very important FTA," Goyal said here at a function of consumer electronics. Though the minister did not disclose the name of the region, there is a likelihood that the talks may start with the Gulf Cooperation Council (GCC) as the region was keen to increase economic engagement with India. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. India has already implemented a free trade pact with the UAE in May this year. In a free trade agreement, two countries or regions either significantly reduce or eliminate customs duties on a maximum number of goods traded between them. Besides, they also ease norms to promote trade and .

Goyal calls for IITF-like fairs for showcasing swadeshi capabilities

This year, India's largest annual fair will see the participation of nearly 2,500 exhibitors from India and abroad

Every campus must become incubators for startups, promote innovation: Goyal

Campuses of all the institutes under commerce and textiles ministries should become incubators for startups and look for ways to promote innovation and entrepreneurship in the country, Union Minister Piyush Goyal said on Saturday. He suggested this while interacting with the heads and senior faculty members of the Indian Institute of Foreign Trade (IIFT), Indian Institute of Packaging (IIP), National Institute of Design (NID), National Institute of Fashion Technology (NIFT) and Footwear Design and Development Institute (FDDI) here. The minister also said these institutions should significantly increase their student intake. "The minister called for improving campus placements by marketing ourselves better to the world. He asked the institutions to introspect if their education is tailormade to cater to the needs of tomorrow," the commerce ministry said in a statement. The minister suggested considering having common campuses for more effective utilisation of resources and thinking

India-US bilateral trade may reach $500-600 billion by 2030: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday exuded confidence that the India-US bilateral trade in goods and services will reach USD 500-600 billion by 2030 as their relation continues to strengthen. The trade between the two countries stands at about USD 175 billion at present. On whether India will join the trade pillar of 14-member Indo-Pacific Economic Framework for Prosperity (IPEF), Goyal said it would depend on what India will get in return. While 13 member countries have joined all four subjects -- trade, supply chains, clean economy and fair economy-- under IPEF, India has opted out of the trade pillar as of now. It has joined the other three subjects. "With regard to joining the trade pillar of IPEF, India decides its strategy on its own terms...If you want binding commitments (from India) on different subjects, tell me what I am getting in return. It has to be good for my people and my country. What you give me in return will determine whether I will join t

Piyush Goyal pitches for PPP model to revamp Cottage Emporium

Union Minister Piyush Goyal has directed officials to explore the possibility of a public private partnership (PPP) in revamping the Cottage Emporium and expanding its business. The textiles minister was inspecting Central Cottage Industries Emporium, a retail outlet under Central Cottage Industries Corporation (CCIC), on Thursday. He emphasized on promoting Indian craft globally by providing a modern and viable marketing platform. "Goyal appreciated the repository of handloom and handicraft products showcased from all over India, representing rich heritage including One District One Product (ODOP), GI tagged products and languishing crafts," a textiles ministry statement quoted him as saying. He applauded Cottage Emporium for being India's window to the world for offering high quality assortment of Indian handicraft and a collection of masterpieces made by skilled artisans and weavers, it added. Goyal laid emphasis on the importance of promoting Indian craft and weaving tradition

Piyush Goyal co-chairs India-US CEO Forum with US Commerce Secretary

Commerce Minister Piyush Goyal on Wednesday co-chaired the India-US CEO forum along with US Secretary of Commerce Gina Raimondo

Freight Corridor, Bullet Train projects got delayed due to MVA govt: Goyal

Union commerce minister Piyush Goyal on Tuesday alleged that the Dedicated Freight Corridor (DFC) and Ahmedabad-Mumbai Bullet Train projects got delayed due to an "unethical" government in Maharashtra. He was referring to the previous Maha Vikas Aghadi or MVA coalition government which had Shiv Sena, Nationalist Congress Party and Congress as its main constituents. The DFC project picked up pace after the Bharatiya Janata Party came to power at the Centre in 2014, Goyal said. "Had a party (Shiv Sena) in Maharashtra not betrayed us and formed a totally unethical government, three years may not have been wasted. Even the Bullet Train project would have progressed rapidly. That government wasted our three years. They did not let the project (DFC) move forward," said the BJP leader, addressing a gathering of professionals here. The Uddhav Thackeray-led Sena parted ways with the BJP in 2019 and joined hands with NCP and Congress. The event in Vadodara was organised by the ruling BJP as

Piyush Goyal asks exporters make price adjustments to retain market share

A temporary change in pricing will help them accommodate short-term challenges, an official statement says; minister reviewed sectoral progress in exports with EPCs and Industry bodies

Need to fastrack clearance of patents filed by govt-related bodies: Goyal

Union Minister Piyush Goyal has directed officials to fastrack the clearance of patents filed by government-related bodies in a time-bound manner. Goyal also asked them to explore the possibilities of merging Textile Research Associations (TRAs) or fostering partnerships among TRAs engaged in similar kinds of research to bring synergy among these bodies. The minister for Textiles instructed that the quarterly engagement of TRAs with the ministry be institutionalised. We must encourage startups and young scientists in the niche areas like technical textiles, Goyal said during a review meeting of TRAs on Thursday. He asked textile research associations to submit proposals to the ministry for any support they require to reach world-class levels of state-of-the-art labs, and modern machinery, amongst others. The Bureau of Indian Standards could provide necessary support in modernising the labs of TRAs, he added. "In consonance with the vision to foster innovation and drive science-ce

Goyal holds consultations with SEZ stakeholders on work from home facility

The commerce ministry on Friday held discussions with stakeholders of Special Economic Zones (SEZs) on the issue of work from home facility. The consultations assume significance as the ministry is considering to allow 100 per cent Work From Home (WFH) for employees of units in SEZs. In a tweet, the office of Commerce and Industry Minister Piyush Goyal said, he "held consultations with SEZ stakeholders over Work from Home facility. With the hybrid model here to stay, the government is working to provide flexibility and create jobs in small cities to boost exports and fuel growth". At present, WFH is permitted for a maximum period of one year in a SEZ unit and can be extended to 50 per cent of the total employees. Meanwhile, Goyal also held a meeting with Taiwan's Deputy Minister of Economic Affairs Chern-Chyi Chen. "Discussed enhanced cooperation in several areas of mutual interest and explored ways to further boost bilateral trade and investments between India and Taiwan," a sepa

Govt mapping laboratories to plug gaps, modernise them: Piyush Goyal

The government is mapping all laboratories in the country in a bid to plug the critical gaps and modernise them to make India a quality-conscious country, Food and Consumer Affairs Minister Piyush Goyal said on Thursday. State-run Bureau of Indian Standards (BIS) has already mapped 3,000-odd NABL-accredited non-diagnostic laboratories in the country. It is mulling how to map the non-accredited non-diagnostic labs set up by PSUs, industries and education institutes like IITs. Addressing a day-long seminar on 'Emerging global trends in laboratories for self-reliant India', Goyal said: "Unless we are leaders in quality, we will not be able to become a developed nation and leverage the fruits of international engagement that we are trying to expand." The time is right to engage with the private sector to build a roadmap to make India a "quality-conscious country" by strengthening infrastructure, adopting modern technology and focusing on sustainability. "We have started the process of

'Centre looking at PLI 2.0 for textiles to make it globally competitive'

The government is considering the second phase of the Production Linked Incentive scheme for the textile sector to help the industry compete with top exporting countries like China and Vietnam, Union minister Piyush Goyal said on Tuesday. The minister for textiles and commerce and industry instructed officials of the ministry to undertake extensive and exhaustive stakeholder consultations before finalising the contours of PLI 2.0. He asked them to make PLI 2.0 robust and emphasised that PLI 2.0 would empower the sector to compete globally with top exporting countries like China, Vietnam, an official statement said. Chairing a review meeting of PLI for textiles, Goyal interacted with beneficiaries and asked the textile industry to strive to move up the value chain and focus on products of high value. Textile industry has immense potential to accelerate job creation, exports and growth, he said. Goyal emphasised that the textile sector's USP (unique selling point) should not be ...

Valuation of startup ecosystem nearly Rs 3 trillion, says Piyush Goyal

The valuation of the startup ecosystem in the country is nearly Rs three lakh crore, Union Commerce and Industry Minister Piyush Goyal said on Saturday. "...the fact that we are probably 110-plus unicorns, about 75 or so soonicorns which are on their way to become unicorns, is truly a remarkable achievement. The last time we did a valuation of our startup ecosystem, it came to about USD 368 billion, that's nearly three lakh crore rupees," he said. Goyal said there are over 80,000 startups in the country registered with the Industry Ministry. "We have about over a million people directly engaged by them. Must be many million more who are indirectly involved in the entire startup ecosystem. Over a 110 unicorns," he said. He spoke about the various initiatives taken by the government to promote the startups. The government is also strengthening the patent offices and everything is going to be online, he said. He was replying to a query on what is being done to boost the startup ...

Foreign trade vital in making India a $30 trillion economy: Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal said here on Friday that foreign trade would become a truly defining feature that would help India become a USD 30 trillion economy in the Amrit Kaal. "We have reached that inflection point, we are at the cusp, where we are going to take off. If we have the ambition to be at least ten times in the next 25 years...we are looking to cross the USD 30 trillion economy with a per capita GDP of 15,000 dollar," Goyal said. Speaking as the guest of honour after inaugurating the third campus of the Indian Institute of Foreign Trade-Kakinada, along with Union Finance Minister Nirmala Sitharaman, Goyal noted that foreign trade would become a truly defining feature in the years to come "as we work in the Amrit Kaal in the next 25 years and progress towards a developed India." "Amrit Kaal, leading to the 100 years of Indian Independence, will determine the future of our children and generations to come. You are the main stakeholders in this .

India's textiles sector eyeing $100-billion exports in 5-6 years: Goyal

The minister said that last year, textile export was approximately USD 42 billion, while the target is to achieve USD 100 billion by next 5-6 years

FTA well on track, will wait and see: Piyush Goyal after Truss resigns

Union Commerce Minister Piyush Goyal Thursday said India will wait for the change in leadership before formulating a strategy vis a vis the UK.

We will have to wait and watch political developments in UK: Piyush Goyal

India's talks with the UK on the proposed free trade agreement is well on track, but New Delhi will have to "wait and watch" the ongoing political developments in Britain, commerce and industry minister Piyush Goyal said on Thursday. Embattled British Prime Minister Liz Truss has resigned as the Conservative Party leader saying she can no longer deliver the mandate she was elected on last month, ending her humiliating tenure at 10 Downing Street on her 45th day in the job following an open revolt against her chaotic leadership. The 47-year-old outgoing prime minister will stay in charge until her successor is elected by the governing Tory party, with a speeded-up leadership election to be completed by next week. "We will have to wait and see...what happens, whether they have a quick change of the leadership, whether it goes to the whole process...So let us see who comes into the government and what their views are. It's only after that we will be able to formulate a strategy vis a v

India will achieve $2 trillion export target by 2030: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Sunday expressed confidence that the country will achieve the export target for goods and services to USD 2 trillion by 2030. The minister was speaking at the Exporters Conclave held at Chennai. Goyal emphasised on sustaining the export momentum and said that he is confident that Indian exports will be able to wither the global headwinds and will surpass growth in exports by a big margin. He also said that by 2047, the country will become a USD 30 trillion economy with 25 per cent share in exports. By the year 2030, exports from India will be USD 2 trillion, he said. The industry participants were assured that the government is committed to addressing the issues raised by them. Speaking at the event, A Sakthivel, President, Federation of Indian Export Organisations (FIEO) said that Indian exporters have good opportunities for exports to Russia and the EU despite recessionary trends visible there. He said that there would be about US

CM Mamata befooling people: Suvendu Adhikari in a letter to Piyush Goyal

Bhartiya Janta Party MLA from Nandigram, West Bengal Suvendu Adhikari on Saturday wrote a letter to the Minister of Consumer Affairs, Food and Public Distribution, Piyush Goyal, indicting Chief Minister of West Bengal Mamta Banerjee of "befooling people by renaming the schemes 'already' launched by Central Government".While taking a dig out at Mamta Banerjee's Festive Schemes, Suvendu wrote, "I would like to draw your kind attention towards a specific publicity material published and displayed by the Department of Food & Supplies: West Bengal Government". This poster, a copy of which has duly been annexed herewith. provides information about a 'Festive Scheme' made available to the AAY (Antyodaya Anna Yojana) & SPHH (State Priority Ration Card) Ration Card holders for a limited time period starting from 23rd September 2022 till 30th October 2022.""The message which is being circulated by the Chief Minister Mamta Banerjee, the Department of Food & Supplies; West ...