Page 5 - Piyush Goyal

Govt aims to expand trade in energy products with US: Piyush Goyal

India assures US of a bigger role in its energy security, with plans to boost trade in energy and nuclear cooperation, while avoiding mention of Russian oil imports amid tariff tensions

India and US continue trade negotiations at multiple levels: official

India, US talks are happening at different levels covering both trade and non-trade issues, an official said. Commerce and Industry Minister Piyush Goyal is in the US for trade talks. He is accompanied by senior officials of the ministry, including special secretary and India's chief negotiator Rajesh Agrawal. "Talks are happening at different levels," the official said, adding the minister led team is expected to return from the US later this week. Goyal has held discussions with his US counterpart. This visit comes in the backdrop of recently concluded day-long discussions in New Delhi between US Chief Negotiator Brendan Lynch and Agrawal on the proposed bilateral trade agreement. On September 16, the commerce ministry stated that the day-long discussions with the visiting US team on a bilateral trade deal were positive, and both sides agreed to push for an early and mutually beneficial conclusion of the agreement. The visit of the high-ranking US trade officials came for the f

India expects to increase energy trade with US, says Piyush Goyal

India expects to increase its trade with the US in energy products in the years to come, and the country's energy security goals will have a significant element of US involvement, Commerce and Industry Minister Piyush Goyal has said. "Clearly, the world recognizes that (energy security) is one area where we all have to work together. India is a big player in the energy field... we are big importers of energy from across the world, including from the US," Goyal said here on Tuesday. Goyal delivered the keynote address at an event, 'Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders' hosted by the Consulate General of India in New York, US-India Strategic Partnership Forum (USISPF), and India's leading decarbonisation solutions provider, ReNew. "We expect to increase our trade with the US on energy products in the years to come. And being close friends, natural partners, our energy security goals will have a very high element of US ...

Stock Market Highlights: Sensex, Nifty end flat as gains in PSU Banks offset losses in FMCG shares

Sensex Today | Stock Market Highlights, Sept 23: On the sectoral front, the Nifty FMCG index shed 1.3 per cent; while PSU Bank and Metal indices gained 1 per cent each on Tuesday.

US calls Piyush Goyal's visit for trade talks an important step forward

According to people aware of the matter, Goyal will meet United States Trade Representative (USTR) Jamieson Greer this week on the sidelines of the United Nations General Assembly

Piyush Goyal to visit US on Monday to push for early trade deal talks

Goyal's visit follows a positive meeting between trade negotiators in New Delhi last week as India and the US step up efforts to resolve tensions and conclude a trade agreement

Piyush Goyal likely to visit Washington soon for key India-US trade talks

With the India-US trade talks moving in the right direction, Commerce and Industry Minister Piyush Goyal is expected to visit Washington soon, sources said. The visit comes in the backdrop of recently concluded daylong discussions here between US Chief Negotiator Brendan Lynch and his Indian counterpart Rajesh Agrawal on the proposed bilateral trade agreement. "The commerce minister's visit is likely soon... may be in the next few days... for the trade talks," they said. On September 16, the commerce ministry stated that daylong discussions with the visiting US team on a bilateral trade deal were positive, and both sides agreed to push for an early and mutually beneficial conclusion of the agreement. "It was decided to intensify efforts to achieve early conclusion of a mutually beneficial trade agreement," the ministry said in a statement after a seven-hour meeting with US officials. The talks were important as the US has imposed a steep 50 per cent tariff on Indian goods. The vi

Exports to rise 6% this year, will end year on positive note: Goyal

Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade

India's exports projected to rise 6% in 2025, says Piyush Goyal

Union Commerce Minister Piyush Goyal on Wednesday expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. Underscoring the country's strong performance in global trade despite challenges, the minister said discussions on free trade agreements (FTAs) were advancing with several countries. "India's exports would grow by around 6 per cent this year compared to the corresponding period last year. I believe we will end the year on a positive note," Goyal told reporters here, adding that discussions on free trade agreements (FTAs) were advancing with several countries. "India's growing strength and the fact that we will be moving in the Amritkal from a USD 4 trillion economy to a USD 30 trillion-plus economy clearly show that India is the place to do business. The world would like to work closer with India," he added. The minister emphasised that India's domestic momentum and external engagements were reinforcing e

US signals softer stand in BTA: Access to high-end cheese, not milk market

US signals softer dairy stance, eyeing premium cheese exports to India as trade talks restart; India wary of opening sensitive farm sector

India's trade parleys with US are progressing well, says Piyush Goyal

US Commerce Secretary Howard Lutnick said he believes the US will sort out a trade deal with India as soon as that country stops buying Russian oil

India in active dialogue with US for free trade agreement, says Goyal

The minister said that negotiations are going on with the European Union as well in the national capital for concluding a trade agreement

India-EU trade talks moving fast towards conclusion, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said trade talks with the European Union are progressing fast and both sides would be in a position to "substantially conclude" the agreement by the time EU Trade and Agriculture commissioners visit India. The chief negotiators of the two sides are holding the 13th round of negotiations for the proposed free trade agreement. EU Trade Commissioner Maros Sefcovic and EU Agriculture Commissioner Christophe Hansen are likely to visit India this week. The two sides are working "very very" actively to converge on different parts of the agreement, Goyal told reporters here. Almost 60-65 per cent of chapters also are completed and finalised, he said. "By the time my counterparts Mr Maros Sefcovic, the EU Trade Commissioner and Mr Christophe, the EU Agriculture Commissioner, come to India, I think we will be quite set to try and conclude the agreement substantially," he said. India and the European Union (EU) on Monday started the 13

Piyush Goyal may visit Qatar in October as FTA framework nears close

India and Qatar are likely to finalise the framework for a free trade agreement in early October, with commerce minister Piyush Goyal expected to travel to Doha soon

'No need to panic, negotiations underway': Piyush Goyal on Trump tariffs

Union Minister Piyush Goyal said there is never a fixed timeline for negotiations and they should be conducted patiently with a long-term perspective

Industry will pass on GST benefits to consumers, says Piyush Goyal

Commerce Minister Piyush Goyal confirms that industries will pass on the benefits of GST rate reductions to consumers and discusses plans to boost exports amid US tariff challenges

Goyal urges industry to pass on GST rate cut benefits to consumers

The industry must pass on to consumers the full benefits of the GST rate reductions, the "biggest ever reform" since India's independence, Union Minister Piyush Goyal said on Thursday. Union Commerce and Industry minister said the GST reforms would boost demand in almost all sectors, supporting the economic growth of the country. He urged the industry to encourage the sale of products made in India in a big way. The minister addressed a joint event of the 2nd edition of India MedTech Expo 2025 and IPHEX 2025, which is the 11th international exhibition on pharma and healthcare. He also spoke at Bharat Nutraverse Expo 2025. Talking about India's growth story, Goyal said the country in the next two years would become the third largest economy. India will grow from a USD 4 trillion economy to a USD 30 trillion economy by 2047. "Yesterday's reform in indirect taxes in GST, coming on the back of several initiatives over the last 11 years, is transformational in nature, significantly ...

Industry must pass on benefits of GST rate cut to consumers: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Thursday described the reduction in GST rates as "game-changing" and the "biggest reform" since independence, as he asked the industry to pass on the full benefit to consumers. The minister said the GST reforms would boost demand in almost all sectors and support the economic growth of the country. He also asked the industry to promote Made in India in a big way. Addressing an event here, the minister said the reduction in GST would benefit every consumer. "Yesterday's reform in indirect taxes in GST, coming on the back of several initiatives over the last 11 years, is transformational in nature, significantly impacting the pharma sector, significantly impacting so many sectors, right from the farmer until our MSMEs," he said. "Every stakeholder in the country, every consumer, stands to benefit," Goyal added. Terming the GST reforms as "game-changing", the minister said the move would play an important role in the months and ye

Govt committed to safeguard exporters' interests, says Piyush Goyal

Government pledges policy interventions and trade support to ease impact of 50% US tariffs

Goyal assures help to exporters to deal with global trade uncertainties

Commerce and Industry Minister Piyush Goyal on Wednesday assured exporters to support them in dealing with steep tariffs imposed by the US, an official said. He also reaffirmed the government's commitment to safeguarding the interests of Indian exporters amid the evolving global trade scenario. He assured industry representatives that the government is actively engaged in creating an enabling environment to help exporters navigate recent challenges, the official said. The minister urged exporters to upgrade product quality, align with global standards, diversify supply chains, and explore alternate markets. These issues were discussed during a meeting convened by the commerce ministry with representatives of export promotion councils (EPCs) and industry associations to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics. "He assured EPC and industry representatives that the government remains committed to providing a supportive .