Commerce and Industry Ministry

March 24, 2026 2:52 PM

DPIIT partners with Blue Star to boost manufacturing innovation and startup ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Blue Star Limited to strengthen India’s manufacturing and startup ecosystem. The collaboration aims to support startups, innovators, and entrepreneurs working in key areas such as HVAC technologies, digital solutions, advanced manufacturing, and supply chain innovation. The initiative is designed to foster industry-driven innovat...

March 13, 2026 7:25 PM

Piyush Goyal urges industry to leverage India-EFTA trade pact; highlights $100 billion investment commitment

Union Commerce and Industry Minister Piyush Goyal on Friday urged industry leaders to fully utilise the opportunities created under the India-EFTA Trade and Economic Partnership Agreement (TEPA), highlighting a legally binding $100 billion foreign direct investment (FDI) commitment from EFTA nations and the potential to generate one million jobs in India. Addressing a commemorative session marking two years of the agreement organised by ASSOCHAM in New Delhi via video conference, Goyal describe...

February 25, 2026 2:50 PM

109th NPG meeting evaluates key infrastructure projects under PM GatiShakti

The 109th meeting of the Network Planning Group (NPG) under the PM GatiShakti framework reviewed four major infrastructure projects spanning railways, urban transport and aviation, with a focus on enhancing multimodal connectivity and logistics efficiency across regions. The meeting, held at the Department for Promotion of Industry and Internal Trade (DPIIT), evaluated two railway projects, one metro extension and one greenfield airport proposal for alignment with the PM GatiShakti National Mas...

January 20, 2026 6:31 PM

India’s core sector grows 3.7% in December 2025 on higher output of cement, steel and coal

India's eight core infrastructure industries recorded a 3.7 per cent growth in December 2025, supported by higher production of cement, steel, coal, electricity and fertilisers, said the Commerce & Industry Ministry on Tuesday. The Index of Eight Core Industries (ICI), which tracks the performance of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose to 175.7 points in December 2025, compared to 169.4 points in the same month last year. The cor...

December 10, 2025 1:32 PM

India’s foreign trade rebounds in 2025 as reforms, digitisation and global partnerships strengthen economic outlook

The Department of Commerce’s 2025 Year-End Review highlights a year of remarkable gains across India’s trade performance, export promotion reforms, digital transformation, bilateral and regional engagements, free trade negotiations and overall trade facilitation. India achieved a historic milestone in external trade in 2024–25, with total exports of merchandise and services reaching an unprecedented US$ 825.25 billion, reflecting a strong annual growth of 6.05 percent. This momentum carri...

December 10, 2025 1:33 PM

DPIIT releases 2025 year-end review: PLI gains, startup expansion, logistics reforms and major industrial growth highlight India’s economic momentum

The Department for Promotion of Industry and Internal Trade (DPIIT) has released its 2025 Year-End Review, outlining major achievements across manufacturing, startups, logistics, ease of doing business, intellectual property, and foreign investment. The review shows steady progress in India’s push toward becoming a global manufacturing and innovation hub. A key highlight of the year has been the continued progress of the Production Linked Incentive (PLI) schemes, launched for 14 strategic sec...

October 15, 2025 9:10 PM

India’s merchandise exports rise 6.75% in September despite global trade headwinds

India’s merchandise exports rose by 6.75% in September 2025 to USD 36.38 billion, compared to USD 34.08 billion in the same month last year, according to data released by the Ministry of Commerce and Industry on Wednesday. The growth comes despite tariff hikes by major trading partners, including the United States, and a challenging global trade environment. However, the trade gap widened as imports surged 16.7% year-on-year to USD 68.53 billion, compared to USD 58.74 billion in September 20...

September 22, 2025 10:47 PM

India’s eight core industries post 13-month high growth of 6.3% in August

India’s eight core industries recorded a robust growth of 6.3% in August 2025, the highest in 13 months, driven by strong performances in steel, coal, and cement production, according to data released by the Commerce and Industry Ministry on Monday. The Index of Eight Core Industries (ICI), which tracks the combined output of coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity, accounts for 40.27% of the Index of Industrial Production (IIP). The ICI gr...

August 29, 2025 2:01 PM

India’s exports to surpass last year despite tariffs: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Friday said that despite the tariffs, India’s exports this year are likely to exceed those of last year. Addressing a curtain raiser event of Bharat Buildcon 2026 in New Delhi, the Union Minister said, "If any country wants to enter into a free trade agreement with us, we are always ready. But I believe that any form of discrimination affects the self-confidence and self-respect of India's 1.4 billion citizens. Keeping that in mind, we will...

June 20, 2025 11:35 AM

DGFT imposes new restrictions on imports of precious metal alloys and compounds

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued two new notifications aimed at regulating the import of certain precious metal alloys and chemical compounds. As per the notification issued on 17 June, the government has restricted the import of alloys of palladium, rhodium and iridium containing more than 1 % gold by weight. This expands the earlier restriction on platinum imports (issued on 5 March 2025) to cover the entire Customs Tarif...