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The Latest Breaking News from Piyush Goyal

India is the world's best location to set up data centres: Piyush Goyal

In a pivotal meeting with data centre industry players, Commerce Minister Piyush Goyal focused on facilitating business operations. He underscored India's immense potential for data centres and the substantial investments pouring in. Amid global challenges, Goyal praised India's economic growth, firmly responding to criticism of GDP statistics by highlighting the…

The Economic Times

Commerce ministry discusses India-US trade performance with exporters, their issues on market access

The commerce ministry of India is actively soliciting feedback from exporters about challenges in accessing the US market. Minister Piyush Goyal's upcoming trip to the US centers around critical discussions on alleviating tariff-related uncertainties and advancing trade deals. Exporters are experiencing a drop in order volumes, indicating a pressing need…

The Economic Times

Commerce ministry meeting industry, exporters on India-US trade on September 1

India's Commerce Ministry will meet industry leaders on September 1 regarding trade performance. This meeting precedes Minister Piyush Goyal's US visit for G-20 talks. Discussions will focus on recent trade trends and sector-wise performance. Negotiations for a bilateral trade agreement are ongoing between the two nations. India seeks a comparative…

The Economic Times

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Apparel exporters urge commerce minister Piyush Goyal to regulate cotton yarn exports

Apparel exporters requested government intervention to regulate cotton yarn exports. Rising yarn prices are significantly hurting the industry's global competitiveness. Limited stock and increased demand from countries like Bangladesh and Vietnam contribute. Higher manufacturing costs affect opportunities in new free trade agreement markets. Value addition through finished garments offers greater…

The Economic Times

India wants global factories, but its own quality checks may be putting investors off: GTRI

Concerns have surfaced among Japanese enterprises regarding India's compulsory BIS certification rules. A newly released study proposes a significant revamp of the QCO framework. The existing regulations are leading to considerable delays and inflated compliance costs for manufacturers, adversely impacting smaller businesses in India and disrupting supply chains. Experts recommend…

The Economic Times

India sends its Fab 4 across the world to woo trade, tech, energy and capital

India engages key partners, focusing on border management and energy security. Discussions with China now include investment alongside boundary talks. Russia talks address energy supplies and a widening trade imbalance. Japan and Canada visits seek investment and manufacturing partnerships. These engagements align with India's upcoming hosting of the BRICS summit.

The Economic Times

India to seek greater Japan market access for basmati rice in CEPA review:Piyush Goyal

India will seek greater market access for basmati rice in Japan. The nation also plans to expand processed food exports during trade agreement talks. Japan restricts rice imports, which India aims to address through discussions. Indian exporters must meet Japan's quality and safety standards for processed foods. The country is…

The Economic Times

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Tremendous scope to improve processes, procedures to help faster flow of FDI, says Piyush Goyal

India is streamlining foreign direct investment processes and norms. The government seeks industry ideas to improve the investment regime further. Discussions are ongoing regarding trade pacts with several countries and blocs. Efforts focus on promoting end-to-end manufacturing and self-reliance in key sectors. Production-linked incentives will be considered for sectors facing…

The Economic Times

Piyush Goyal concludes Japan visit, says strong interest by Japanese businesses for India, robotics investment deal takes shape

Union Commerce and Industry Minister Piyush Goyal on Thursday concluded his four-day visit to Japan, saying the trip generated strong interest among Japanese businesses and also produced early investment outcomes, including a potential robotics manufacturing investment in India.

The Economic Times

India-EU ties stronger than ever, FTA breakthrough driven by realism, pragmatism: EU Ambassador

India-EU relations are stronger than ever due to increased strategic understanding and comfort. The India-EU Free Trade Agreement negotiations progressed with realism and pragmatism from both sides. The Carbon Border Adjustment Mechanism aims to prevent carbon leakage and incentivize lower emissions. Both India and the EU seek to de-risk supply…

The Economic Times

Japanese textile firms, including Uniqlo, eye higher investment, sourcing from India: Goyal

Japanese textile firms, including Uniqlo, are considering expanding their investments in India. They also plan to source more products from India for their global markets. Minister Piyush Goyal met with Uniqlo's CEO to discuss retail and manufacturing collaborations. Indian businesses are showing interest in meeting Japan's high-quality material and sizing…

The Economic Times

Japan already invested 14 percent of 10 trillion yen India investment target: Piyush Goyal

Japanese firms have invested Rs 1 lakh crore towards a 10 trillion yen investment target. This pace suggests the full investment may occur within the next few years. India aims to double Japanese companies operating here to three thousand. Proposals include a Deep Tech Capital Corridor and innovation bridges. Manufacturing…

The Economic Times

Hoping to work towards further expanding scope of India-Japan trade pact: Piyush Goyal

India and Japan are actively reassessing their trade agreement, with the goal of broadening its reach. Both countries are looking to create fresh avenues for enhancing their bilateral ties. Ongoing talks aim to modernize the deal, addressing specific challenges faced by Indian exporters in Japan while simultaneously bolstering their strategic…

The Economic Times

Piyush Goyal to visit US in September for G20 trade meet, talks with USTR Greer

Commerce Minister Piyush Goyal will visit the US in late September for important trade discussions. He will attend the G20 Trade Ministerial and meet with USTR Jamieson Greer. Trade pact issues and boosting two-way commerce will be key discussion points. India seeks a comparative advantage for its goods in the…

The Economic Times

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The Economic Times

Piyush Goyal proposes India-Japan 'Shark Tank' style startup series to boost investments, business ties

India proposed a startup pitching series similar to Shark Tank. This initiative aims to connect young startups from both nations. Indian startups can pitch for Japanese investments and partners. Japanese businesses are invited to collaborate with India for mutual prosperity. Cooperation between universities and venture funds will also increase.

The Economic Times

Piyush Goyal pitches India as trusted destination for data centres, cites $200 bn investment commitments

India is actively promoting itself as a prime destination for data centers to Japanese businesses. Significant global hyperscaler investments totaling USD 200 billion have already been secured. The nation offers a compelling case for partnership in AI and semiconductor development. Japan faces a considerable demand for skilled professionals and caregivers.…

The Economic Times

Piyush Goyal promises BIS certification relief for high-tech sector firms

Goyal said he had taken note of concerns raised by Japanese companies over BIS certification requirements and that the government had already instructed the BIS and the Commerce and Industry Ministry to work on a framework to address the issue.

The Economic Times

India negotiating FTAs with 8-9 more blocs, aims to cover 75% of global trade: Piyush Goyal

India is actively pursuing free trade agreements with various nations, aiming to cover about 75% percent of the global trade landscape, Trade Minister Piyush Goyal said. With existing arrangements already covering an astounding $70 tn of the global economy, this expansion enhances India’s reputation as a reliable player in international…

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The Economic Times

India-Japan business mission to focus on semiconductors, electronics; MoUs expected during visit: FICCI

India and Japan will enhance cooperation in semiconductors and electronics. Memorandum of Understandings are expected during the ongoing business mission. A large delegation is visiting Japan to strengthen bilateral business relations. Discussions will focus on deepening engagement and addressing business priorities. This initiative reflects the ambition of both nations' strategic…

The Economic Times

Piyush Goyal leads India's largest business delegation to Japan for trade and investment talks

Union Minister Piyush Goyal will visit Japan from August 24 to 27. He leads India's largest business delegation to the country for discussions. Meetings will focus on semiconductors, artificial intelligence, and start-ups. The minister will also promote investment and meet business leaders in Nagoya's auto and steel industries. Osaka will…

The Economic Times

PM Narendra Modi meets BJP’s new office-bearers, urges stronger connect with people

Prime Minister Modi met the BJP's new national office-bearers, stressing public connection and organizational strength. The party announced a nationwide 'Seva Sankalp Abhiyan' from September 17 to October 17. This campaign aims to spread the spirit of service associated with Modi's public life. BJP workers will honor Anganwadi workers and…

The Economic Times

Piyush Goyal pushes for greater India-Singapore economic, investment ties

Commerce Minister Piyush Goyal met Singapore leaders to boost trade and investment. Discussions focused on strengthening business-to-business engagement and unlocking new economic opportunities. Temasek Holdings CEO and Fortis Healthcare Chairman also held discussions with Goyal. The minister addressed the India-Singapore Business Forum and met potential investors. Singapore remains India's largest…

The Economic Times

India-Singapore economic ties get fresh push with focus on trade, investment, technology: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday held a series of high-level bilateral and business engagements in Singapore, seeking to deepen India-Singapore cooperation in trade, investment, technology and business while opening up new avenues for mutually beneficial economic growth.

The Economic Times

Piyush Goyal pitches Singapore as springboard for India’s agri-food exports

Indian ministers promoted agricultural exports in Singapore through a special roadshow event. This initiative aims to expand Indian farmers' and food manufacturers' market presence. The event focused on diverse products including organic items and millets. This effort supports strengthening bilateral trade and economic cooperation between India and Singapore. Discussions also…

The Economic Times

Piyush Goyal leads 70-member business delegation to Singapore to strengthen trade, investment ties

Commerce Minister Piyush Goyal leads a large delegation to Singapore. This visit aims to strengthen trade and investment ties between the two nations. The delegation will engage in discussions on partnerships and technology collaboration. Singapore remains a significant economic partner and investment source for India.

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