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...

March 10, 2026 9:38 PM

Cabinet approves changes in FDI rules for investments from countries sharing land border with India

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved amendments to India’s foreign direct investment (FDI) policy governing investments from countries that share a land border with India, aiming to streamline approvals and encourage investments in key manufacturing sectors. The changes introduce clearer rules on beneficial ownership and faster approval timelines for investments in critical sectors such as electronic components, capital goods and solar manufacturing....

November 19, 2025 12:46 PM

Piyush Goyal to visit Israel for high-level talks on trade, technology and investment

Union Commerce and Industry Minister Piyush Goyal will embark on a three-day official visit to Israel from November 20 to 22, at the invitation of Israel’s Minister of Economy and Industry, Nir Barkat. The visit highlights the deepening strategic and economic partnership between the two nations, with a focus on boosting cooperation in trade, innovation, technology and investment. Goyal will be accompanied by a high-powered 60-member business delegation representing CII, FICCI, Assocham and St...

November 18, 2025 1:26 PM

Govt approves 17 projects worth ₹7,172 crore under Electronics Component Manufacturing Scheme

The Ministry of Electronics and Information Technology on Monday cleared 17 additional proposals under the Electronics Components Manufacturing Scheme (ECMS). With a total investment of ₹7,172 crore, the projects are expected to generate production worth ₹65,111 crore and create 11,808 direct jobs across the country, according to the ministry. This latest round of approvals follows an earlier tranche of seven projects worth ₹5,532 crore. The new projects are spread across Goa, Gujarat, Ja...

October 9, 2025 1:36 PM

HSBC launches Innovation Banking in India, allocates $1 billion to support startups

HSBC India on Thursday announced the launch of its ‘Innovation Banking’ in India, which offers banking and financing solutions to support entrepreneurial businesses throughout their lifecycle, from seed to IPO, as well as their investors. The bank plans to allocate $1 billion in non-dilutive debt capital to support Indian startups. The funding targets growth of companies from early- to late-stage in scaling their operations without diluting equity, helping founders and investors to retain g...

October 8, 2025 1:09 PM

Bilateral trade in focus as UK PM Keir Starmer visits India

British Prime Minister Keir Starmer began his first official visit to India on Wednesday, leading a delegation of over a hundred business, cultural, and academic leaders. The two-day visit aims to deepen the India–UK partnership following the signing of the Free Trade Agreement (FTA) earlier this year. The recently concluded FTA, signed in July during Prime Minister Narendra Modi’s visit to London, marks a new chapter in bilateral relations. The deal, which took three years of negotiations ...

September 19, 2025 10:11 AM

Piyush Goyal Begins UAE Visit with Focus on Trade, Investment, and Emerging Sectors

Commerce and Industry Minister Piyush Goyal on Thursday began a two-day visit to the United Arab Emirates aimed at strengthening trade and investment ties, while expanding collaboration in education, technology, and emerging sectors. Goyal co-chaired the 13th meeting of the India-UAE High-Level Joint Task Force on Investments with Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority. The UAE delegation included Minister of Foreign Trade Dr. Thani bin Ahmed A...

September 16, 2025 10:39 PM

PM Modi holds talks with Danish counterpart; focus on Green Growth and India–EU FTA

Prime Minister Narendra Modi held a telephonic conversation with Danish Prime Minister Mette Frederiksen on Tuesday, reaffirming the commitment of both nations to further deepen the India–Denmark Green Strategic Partnership. The two leaders discussed cooperation in areas including trade, investment, innovation, energy, water management, food processing and sustainable development. Prime Minister Modi extended his best wishes to Denmark on its ongoing Presidency of the Council of the European...

September 3, 2025 10:05 PM

Piyush Goyal meets German Foreign Minister; trade and investment ties in focus

Union Minister of Commerce and Industry Piyush Goyal held talks with visiting German Foreign Minister Dr. Johann David Wadephul in New Delhi on Wednesday, with discussions centred on expanding bilateral trade, strengthening investment flows, and identifying new areas of cooperation in innovation, sustainability and technology. Dr. Wadephul was accompanied by a high-level business delegation comprising leaders from major German companies including Thyssenkrupp, Siemens Mobility, Allianz and Flix...

August 14, 2025 4:38 PM

S&P Global upgrades India’s sovereign credit rating to ‘BBB’ from ‘BBB-‘

Credit rating agency S&P Global on Thursday upgraded India’s long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", citing economic resilience and sustained fiscal consolidation. BBB and BBB- are credit ratings given by agencies like S&P and Fitch to show how safe or risky a borrower (like a company or government) is for investors.  In a note, S&P Global stated that the stable outlook reflects continued policy stability and high infrastructure investment...