Page 9 - Piyush Goyal

India, Israel have to work together to eliminate terrorism: Piyush Goyal

Speaking at the India-Israel Business Summit in Tel Aviv, Goyal also addressed the recent challenges faced by Israelis, referring to the October 7 Hamas attack and hostilities that followed it

Piyush Goyal to convene the Board of Trade to assess US tariff hit

Piyush Goyal will review export challenges, logistics gaps and trade deal gains as industry seeks clarity on the new Export Promotion Mission

India offers major investment opportunities for Israeli firms: Piyush Goyal

Piyush Goyal said India presents strong investment prospects for Israeli companies across infrastructure, manufacturing, AI and emerging tech

India, Israel FTA progress review may figure during Goyal's Tel Aviv visit

The progress on the proposed India-?Israel free trade agreement (FTA) is expected to be reviewed during Commerce and Industry Minister Piyush Goyal's three-day visit to Tel Aviv this week, an official statement said on Wednesday. The minister is leading a 60-member business delegation to Israel, where he would hold discussions with leaders and businesses on ways to boost bilateral trade, investments, and promote innovation. The visit would conclude on November 22. "Progress on the proposed India-?Israel FTA is also expected to be reviewed," the commerce ministry said. India and Israel are negotiating the agreement since May 2010. Eight rounds have been held so far. In October 2021, the two countries agreed to resume the negotiations. During 2024-25, India's exports to that country dipped 52 per cent to USD 2.14 billion from USD 4.52 billion in 2023-24. Imports, too, fell 26.2 per cent to USD 1.48 billion last fiscal year. India is Israel's second-largest trading partner in Asia. .

Trade portal to open new insights for importers, exporters, startups: Goyal

The Trade Intelligence and Analytics (TIA) portal will open up new insights for importers, exporters, startups, and MSMEs of the country, Commerce and Industry Minister Piyush Goyal has said. Launching the portal here on Tuesday, he said the platform will help exporters better utilise the free trade agreements implemented by India so far. Developed by the Department of Commerce, the TIA Portal is a one-stop trade intelligence and analytics platform that integrates multiple global and national databases along with macro-economic indicators into a unified analytical model offering over 270 analytics. The platform provides real-time, interactive insights on India and global trade, commodities and sectoral analytics, market intelligence, including export opportunities, and competitor analysis. It also includes automated trade reports and tracking of trade trends for manufacturing sectors related to PLI (production linked incentive) and critical minerals. Vanlalram Sanga, Economic Advi

Goyal launches trade intelligence portal to track FTAs, global mkt trends

Piyush Goyal has launched a unified trade intelligence portal offering real-time analytics on FTA utilisation, global demand, supply chains and export opportunities

Piyush Goyal calls for review of services trade data with TIA portal launch

Commerce and Industry Minister Piyush Goyal on Tuesday called for examining services sector trade data as it would help stakeholders make the best decisions. While launching the Trade Intelligence and Analytics (TIA) Portal here, he said the industry should increase utilisation of free trade agreements (FTAs). The portal will help exporters better utilise the Free Trade Agreements, the minister said. "At some point, services data needs to be also examined. Currently it's a black box. There is hardly any validated decent level of analysis of services data," he said here. He added that data such as Germany needing 90,000 workers and Europe and Japan requiring a large number of caregivers are not known to people in smaller cities. There are a vast number of opportunities in the service sector globally that will now be available to all, Goyal said. "Only the commerce ministry knows that," he said, adding, "We have to be more transparent" with trade data to help stakeholders make the

Govt refining FDI, FII norms as India-US trade deal progresses: Goyal

Goyal said the government is holding regular consultations to streamline FDI and FII processes, boost investor confidence and advance fair, balanced India-US trade deal

Piyush Goyal urges corporates to create pool of funds to support startups

Commerce and Industry Minister Piyush Goyal on Monday appealed to Indian corporates to create a pool of funds to support startups of the country, saying many entrepreneurs end up selling a large part of their equity at abysmally low prices to foreign firms. He also asked domestic firms to focus on quality, innovation and sustainability to push the country's economic growth. "I have a complaint about many of the billionaires that Indian domestic capital is not coming sufficiently to support the Indian startups. So I do wish to see Indian companies, Swadeshi capital coming in a big way to promote the startups because there's tremendous potential. "And sadly, a startup sellout, a large part of their equity ownership, at abysmally low price, very low price when they need that first seed capital or early stage funding," he said at an event in Mumbai. He added that the "sharks" out there just tend to kill the ideas of Indian startups or buy them out very cheaply. "I want to appeal to al

A timely course correction: The rollback of QCOs must be sustained

A long-overdue course correction begins as the government moves to roll back QCOs that hurt small firms, consumers, and exports - but momentum must continue to prevent regulatory overreach

Examining relief measures for SEZs to boost production: Piyush Goyal

The government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs), Commerce and Industry Minister Piyush Goyal said on Saturday. He also said the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India. This will be in a way also an import substitution because many goods that come into India from other countries get better benefits than the SEZ supplies to DTAs (domestic tariffs areas), he said while visiting Brandix textiles units in Andhra Pradesh SEZ here. "We are trying to bridge that gap and we are very hopeful that soon the output from all the SEZs will increase in a big way. "We are also examining what further relief we can give to the SEZs so that we can increase production in these zones," he said. The minister was here to attend CII Partnership Summit 2025. He added that the SEZ Commissioners of the country have been asked to hold a meeting here

India open to leading WTO reforms, but seeks consensus on agenda: Goyal

Commerce and Industry Minister Piyush Goyal has said India is willing to play a leadership role in driving WTO reforms, but emphasised that the nature of those reforms must be shaped in consultation with developing and least-developed countries to ensure they serve global welfare rather than the agenda of a few advanced nations. He said the world recognises India's strength and leadership and the country is a responsible global citizen and it will continue to be the voice of the Global South. "We would love to lead reforms (at the World Trade Organization). But that reform will be decided in consultation with other developing and less developed countries, so that we can truly work for the welfare of the world and not just the agenda of a few developed nations," he said. The minister was here to participate in the CII Partnership Summit 2025. Goyal was replying to a question on remarks made by WTO Director-General Ngozi Okonjo-Iweala that India should take a leadership role in the

All possibilities on table: Piyush Goyal on ongoing engagements with Canada

India and Canada reaffirmed their commitment to deepening bilateral economic cooperation

India negotiating trade pact with US, EU, other nations: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said India is negotiating free trade agreements at present with countries, including the US, European Union, New Zealand, Oman, Peru and Chile. He also said that India Trade Promotion Organisation (ITPO) would be happy to join hands with the state government to develop a world class convention centre - Andhra Mandapam - like Bharat Mandapam in New Delhi. The minister added that lowering trade barriers globally will help promote free flow of goods, services and capital. India has already implemented free trade agreements with countries such as UAE, Australia and four nation European bloc EFTA. "We are currently negotiating with the EU, US, Oman, New Zealand, Chile and Peru and many more wanting us to start negotiations," he said here at CII Partnership Summit 2025. To promote ease of doing business, he said the Centre has removed as many as 42,000 compliances and abolished 1,500 laws.

Preparing the FTA pitch: India, Australia eye full deal amid US tariffs

Three years after India and Australia signed an interim trade deal, the two sides are moving decidedly towards a full-fledged free trade agreement. They have rising US tariffs to contend with

Piyush Goyal defends QCOs amid calls to suspend 200 product orders

The commerce minister said QCOs are aimed at improving product quality and boosting domestic manufacturing, even as a NITI Aayog panel seeks their suspension

No trade deal at cost of farmers, workers' welfare, says Piyush Goyal

India will not agree to any trade deal that harms farmers, dairy or workers, Piyush Goyal said, adding that new fish export markets like Russia are being explored

Piyush Goyal meets Utah Senate president to boost AI, clean energy ties

Commerce and Industry Minister Piyush Goyal on Monday met a business delegation led by President of the Utah State Senate J Stuart Adams and discussed enhancing collaborations in areas like AI, clean energy, minerals, biotech, aerospace, and advanced manufacturing. Utah is a landlocked state in the western United States. "Discussions were held on strengthening the collaboration in various domains like AI, clean energy, minerals, academia and research, biotech, aerospace, and advanced manufacturing," Goyal said in a social media post. He said that immense potential is there to enhance economic ties between India and Utah.

India, Australia discuss progress of trade pact talks; agree on conclusion

Commerce and Industry Minister Piyush Goyal on Saturday reviewed the progress of negotiations for the second tranche of trade agreement with his Australian counterpart Don Farrell, an official statement said. "Both sides reaffirmed their commitment to work constructively towards the early conclusion of a balanced and mutually beneficial CECA (comprehensive economic cooperation agreement)," it said. The first part of the Economic Cooperation and Trade Agreement (ECTA) entered into force in December 2022. During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships. The discussions covered a wide range of areas including trade in goods, services, investment and cooperation in mutually beneficial, it said. In 202425, bilateral merchandise trade between India and Australia stood at USD 24.1 billion, with India's exports registering a growth of 14 per cent in 202324 and a further 8 p

India, New Zealand trade pact to boost trade, investment ties: Ministry

The proposed free trade agreement between India and New Zealand is expected to enhance trade flows, deepen investment linkages and strengthen supply-chain resilience, the commerce ministry said on Saturday. It may also provide greater predictability and market access for businesses in both countries, it said. Commerce and Industry Minister Piyush Goyal was here to give an impetus to the trade pact negotiations with his New Zealand counterpart Todd McClay. The fourth round of negotiations on the India-New Zealand Free Trade Agreement (FTA) concluded on November 7, in Auckland and Rotorua. The ministers "acknowledged the steady progress made during this round and reaffirmed their commitment to work towards a modern, comprehensive, and future-ready FTA," it said. Both delegations held detailed engagements across key tracks, including trade in goods, trade in services, economic and trade cooperation, and rules of origin. "The ongoing discussions reflect the shared resolve of both nat