Page 49 - Piyush Goyal

Goyal asks industry to follow quality standards to help build 'Brand India'

Union minister Piyush Goyal on Thursday asked the industry to ensure their products meet international quality standards and help build a 'Brand India' as the country aims to become a developed nation by 2047. Addressing an event organised by the Quality Council of India (QCI), Commerce and Industry Minister Goyal also called for convergence of various quality certification related organisations whether it is FSSAI, the BIS, the Rail or Defense establishments. "I would urge the ministry as well as QCI to work to bring in convergence...so that the investment environment that we have created can go from strength to strength and can help India achieve our mission of becoming a developed nation by 2047," he said, and added quality will define 'Brand India'. Speaking at another event organised by the Institute of Chartered Accountants of India (ICAI) earlier in the day, the minister stressed that more women should take up the profession of chartered accountancy. He called upon Chartered

Union Minister Piyush Goyal meets business delegation led by Swiss minister

Union Commerce and Industry Minister Piyush Goyal has met a business delegation led by Member of the Swiss Federal Council Guy Parmelin ahead of 75 years of the India-Switzerland Friendship Treaty.According to Piyush Goyal's Office, both sides discussed ways to expand trade and investment, giving further strength to the India-Swiss partnership."Union Commerce Minister Piyush Goyal met a business delegation led by Guy Parmelin, the Swiss Head of Dept of Economic Affairs, ahead of 75 yrs of India-Switzerland Friendship Treaty "Both sides discussed ways to expand trade & investment," the Piyush Goyal's Office tweeted on Tuesday.Since India's independence, Switzerland and India have developed warm and friendly ties based on their commitment to democracy and the rule of law. On August 14, 1948, both the nations signed a Treaty of Friendship in New Delhi, marking a significant defining moment in India-Swiss relations and one of the first of its kind to be signed by an independent ...

Working on law to promote ease of doing biz; may bring bill soon: Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the ministry is working on a law to decriminalise certain provisions to promote ease of doing business. A bill in this regard is expected to be introduced in the forthcoming winter session of Parliament, he added. The minister urged the industry to "quickly" give feedback on reducing compliances and decriminalising unnecessary sections. "We have focused on ease of doing business...We continue to reduce the compliance burden for our businesses...Give us, feedback quickly because, in the winter session, we are proposing to come out with a very holistic amendment to the laws related to businesses to ease the burden, and reduce compliances," Goyal said while addressing PHDCCI's Annual Session 2022. He said that the government has decriminalised many laws. "We are working on many many other laws currently... DPIIT (Department for promotion of Industry and Internal Trade) is spearheading this in consultation with other ministrie

How a lab in IIT Delhi is looking to plug leakages in PDS with digitisation

Academics at the Public Services Lab are hard at work trying to optimise logistics for foodgrain supply chains across Indian states

India to soon emerge as pillar of global economic revival: Piyush Goyal

Union Minister Piyush Goyal on Thursday said India will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. Addressing the Bengal Chamber of Commerce and Industry's annual general meeting virtually, he said if all stakeholders of the economy work together with a sense of 'Kartavya bhav' (spirit of duty), the national goal of USD 30-trillion economy will be achieved by 2047, the year when the country will celebrate 100th anniversary of its independence. "India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years. The prime minister's vision is to make India a developed nation by 2047 with an economy size of USD 30 trillion as we will celebrate our 100th independence in that year," Goyal, the commerce and industry minister, said. All sectors such as agriculture, manufacturing and construction are doing quite

Invest in India story, MSME sector must be promoted: Goyal to industry

Goyal's comments come after Union Finance Minister, Nirmala Sitharaman, recently asked India Inc what is stopping them from investing

India will be pillar of global economic revival. says Piyush Goyal

Union Minister Piyush Goyal on Thursday said India will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. Addressing the Bengal Chamber's annual general meeting virtually, he said if all stakeholders of the economy work together with a sense of 'Kartavya bhav' (spirit of duty), the national goal of USD 30-trillion economy will be achieved by 2047, the year when the country will celebrate 100th anniversary of its independence. "India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years. The prime minister's vision is to make India a developed nation by 2047 with an economy size of USD 30 trillion as we will celebrate our 100th independence in that year," Goyal, the commerce and industry minister, said. All sectors such as agriculture, manufacturing and construction are doing quite well, he claimed. "India

Foreign trade policy extended by six months amid global headwinds

An FTP is an elaborate policy guideline and a strategy to promote export of goods and services

Post FTA, non-petroleum exports to UAE up 14% in June-August: Govt

Growth in shipments to Emirates is 5x that to the rest of the world; surge primarily led by gems and jewellery, electrical equipment

Piyush Goyal meets Singapore minister, discusses bilateral cooperation

Commerce and industry minister Piyush Goyal on Saturday met Singapore's Senior Minister Tharman Shanmugaratnam and discussed strengthening bilateral cooperation across several areas of mutual interest. Goel also had an interaction with CEOs & Investors at the Business Roundtable in Singapore and invited them to participate in India's growth story and benefit from the multitude of opportunities. "Met @Tharman_S, Singapore Senior Minister & Coordinating Minister for Social Policies. Discussed strengthening bilateral cooperation across several areas of mutual interest," Goel tweeted. "Held an engaging interaction with CEOs & Investors at the Business Roundtable in Singapore. (Prime Minister Narendra) Modi Govt. has brought about a sea change in India's investment ecosystem. Invited them to participate in India's growth story and benefit from the multitude of opportunities. Goel also met and addressed the Indian community in Singapore. He thanked them for holding India's flag .

Discuss patent waiver extension for Covid diagnostics: Goyal urges G20

Commerce and Industry Minister Piyush Goyal on Thursday urged the G20 countries for starting timely discussions in the WTO on extending patent waiver for the production and supply of COVID-19 diagnostics and therapeutics. In June, members of the World Trade Organisation (WTO) agreed to grant a temporary patent waiver for manufacturing COVID-19 vaccines only for five years. However, talks on including therapeutics and diagnostics, as proposed by India and South Africa, under the purview of this waiver were to start after six months. Goyal raised the issue while delivering his opening statement at the G20 Trade, Investment and Industry Ministerial Meeting that is underway in Bali, Indonesia. "He urged the G20 to commit itself to positive and timely discussions on important areas mandated by the MC12 (12th ministerial conference) including WTO reforms and extension of TRIPS (Trade Related aspects of Intellectual Property Rights) waver to cover the production and supply of COVID 19 ...

Hold talks to extend TRIPS waiver to Covid diagnostics: Piyush Goyal to G20

Goyal said if multilateralism was imperilled, the world will not be left with many fora to promote dialogue and diplomacy

G20 meet: Ways to strengthen WTO dispute settlement mechanism discussed

The meeting with the USTR is crucial since the conclusion of the 12th WTO ministerial in June, the outcome document had promised to revive the dispute settlement body in the next two years

India, UK working to meet Diwali deadline for completing FTA: Piyush Goyal

Union Commerce Minister Piyush Goyal on Tuesday said the UK is keen to stick to the Diwali deadline for India-UK free trade agreement and both countries are working towards it

Even poorest of Indian consumers deserve quality products: Piyush Goyal

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Tuesday said that even the poorest citizen of the country deserves the best quality products and the culture of no compromise with quality has to be adopted in the country.Goyal addressed the Special Plenary Session at FICCI LEADS 2022 program in New Delhi on Tuesday.Piyush Goyal urged the Industry to focus on 5 Key areas in the Manufacturing sector - Standards or Quality, Durability, Design, Price & Sustainability and align them to the international standards.He said, "We must adopt new technologies like IoT, AI and Machine Learning. We must look at upskilling and retraining our workforce to be able to meet the needs of Industry 4.0."Speaking on the importance of world trade, Goyal said that we must acknowledge that we need to engage with the world to develop. We need to globalize trade and get the best from the world while simultaneously giving the best to the

Govt working on PLI schemes for more products to boost manufacturing: Goyal

The government had rolled out PLI schemes for 15 key sectors, including technology, textile, automobile, pharmaceutical drugs, speciality steel, electronics, among others

India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system

Both countries have re-affirmed continued cooperation in joint projects including the West coast refinery, LNG infrastructure investment and development of strategic petroleum storage facilities

Goyal to visit Saudi for ministerial meet of economic, investment committee

India and Saudi Arabia are expected to formulate a plan of action for strengthening bilateral cooperation in different areas and projects, including the west coast refinery project, an official statement said on Saturday. The issue will come up during the meeting between Commerce and Industry Minister Piyush Goyal and Minister of Energy of Saudi Arabia Prince Abdul Aziz Bin Salman on September 18-19. They would co-chair the inaugural ministerial meeting of the Economic and Investments Committee. The two ministers are expected to discuss the progress made under the various joint working groups of the economic and investment committee, the commerce ministry said. "Both sides are expected to formulate plan of action for further strengthening bilateral cooperation in an array of priority areas and projects, including the West Coast Refinery Project, Trans-ocean grid connectivity, Green Hydrogen, Food security, energy security and pharmaceuticals," it said. They may also accelerate ...

India, ASEAN endorse scope of review of trade pact: Commerce Ministry

Trade ministers of India and 10-nation bloc ASEAN have endorsed the scope of review of the trade pact to make the agreement more industry friendly, the commerce ministry said on Friday. The issue was discussed during the 19th ASEAN-India Economic Ministers' meeting in Siem Reap City, Cambodia. The review would make the agreement modern with contemporary trade facilitative practices, and streamlined customs and regulatory procedures. "The ministers endorsed the scope of the review of the ASEAN-India trade in goods agreement to make it more user-friendly, simple, and trade facilitative for businesses, as well as responsive to the current global and regional challenges including supply chain disruptions,' it said. The ministers also activated a joint committee to undertake the review of the agreement expeditiously. The Association of Southeast Asian Nations (ASEAN)-India trade in goods agreement was signed on August 13, 2009 and came into force on January 1, 2010. Ten ASEAN countrie

Govt clears 23 strategic projects under National Technical Textiles Mission

The Centre has cleared 23 strategic research projects of around Rs 60 crore in the areas of specialty fibres, sustainable textiles, geotextiles, mobiltech and sports textiles under its flagship programme National Technical Textiles Mission. The projects were approved under the chairmanship of Textiles Minister Piyush Goyal on September 14, an official statement said on Friday. "Among these 23 research projects, 12 projects of Speciality Fibres having application areas in agriculture, smart textiles, healthcare, strategic application and protective gears were cleared. "Four projects from sustainable textiles having application area in agriculture and healthcare sector were cleared. Also, five projects from geotextile, 1 from mobiltech and 1 from sportech were cleared," the Textile Ministry stated. While addressing the esteemed group of Scientists and Technical Technologists, Goyal said, "Industry and Academia connect is essential for the growth of research and development in the ..