Piyush Goyal discusses FTAs and strategies for market diversification with Export Promotion Councils and industry bodies

Union Minister of Commerce and Industry Piyush Goyal on Wednesday chaired a meeting with representatives from Export Promotion Councils (EPCs) and industry associations, focusing on strategies to boost India’s export growth.

The discussions centred around harnessing Free Trade Agreements (FTAs) for greater market access, driving value addition, expanding market diversification, and strengthening sectoral synergies.

Sharing details on X, Goyal said, “Chaired a meeting with representatives from Export Promotion Councils (EPCs) & Industry Associations from diverse sectors, focused on exploring strategies to propel India’s export growth. Key discussion points included harnessing FTAs for greater market access, driving value addition, expanding market diversification & strengthening sectoral synergies. We remain committed to unlocking new avenues for quality-driven, sustainable growth to further enhance India’s exports.”

Earlier in the day, the minister said that India is working towards a “fair, equitable and balanced” Free Trade Agreement (FTA) with the European Union, with significant progress being made in the ongoing negotiations.

Speaking after his visit to Brussels from October 26-28, 2025, Goyal said he had productive engagements with Maros Sefcovic, European Commissioner for Trade and Economic Security, on outstanding issues related to the India-EU FTA negotiations , “we have agreed to close 10 out of 20 chapters. Another four or five chapters have, in principle, been broadly decided and on more and more issues we are leading towards convergence,” Goyal said, adding that when the EU team visits next week for the next round of negotiations, possibly in late November or December, both sides should be in a position to make “significant and substantial progress towards closure.”

Goyal, who also participated in the Berlin Global Dialogue, said his meetings with counterparts from the German government, other countries, and European businesses revealed a strong interest in expanding relations with India.

(ANI)

RELATED ARTICLES

11 hours ago | EY IESA report

India’s semiconductor market projected to cross USD 200 billion by 2035: EY-IESA report

India's semiconductor market is projected to grow more than threefold from nearly 64 billion US dollars in 2026 to 200 billion US dollars by 2035, according to an EY-IESA report. The report, titled 'Semicon India 2.0: From capacity creation to ecosy...

19/09/26 | 2:03 pm | Indian Startups

Nearly half of recognised startups based in Tier-2, Tier-3 cities: PM Modi

Prime Minister Narendra Modi on Saturday said India's startup ecosystem is no longer confined to major cities, with youth from villages, towns and smaller cities playing an increasingly important role in the country's new economy. Addressing the 20t...

19/09/26 | 1:13 pm | Central Public Sector Enterprises

NLMC recommends monetisation proposals worth over ₹5,000 crore

The National Land Monetization Corporation Limited (NLMC) has recommended proposals involving assets worth more than ₹5,000 crore for monetisation as part of efforts to accelerate the utilisation of surplus land and building assets owned by Central...