June 10, 2025 10:13 AM

India building alternative rare earth supply chain amid curbs China curbs: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Monday described China's rare earth export restrictions as a global “wake-up call,” underscoring India’s efforts to build alternative supply chains and position itself as a reliable partner for international businesses seeking to reduce dependence on Chinese suppliers. Speaking to reporters during his official visit to Switzerland—where he met with Swiss government officials and business leaders—Goyal acknowledged that China’s export cu...

June 9, 2025 3:54 PM

Piyush Goyal begins official visit to Switzerland and Sweden to strengthen trade ties

Union Minister of Commerce and Industry, Piyush Goyal, commenced his official visit to Switzerland today as part of a five-day tour of Switzerland and Sweden from June 9 to 13. The visit aims to deepen India’s strategic and economic engagements with key European partners, with a focus on promoting trade, investment, and sustainable growth.   The Minister’s visit to Switzerland includes high-level meetings with global CEOs, senior government officials, and prominent Swiss industry leaders....

June 9, 2025 1:44 PM

Modi govt creating new history in every field: Piyush Goyal

Prime Minister Narendra Modi is leading one of the most transformative phases of Bharat's journey for the past 11 years, as the country is creating new history today in every field from economy to technology, from society to inclusive development, Commerce and Industry Minister Piyush Goyal said on Monday “While 11 years ago, the country was lagging behind in every way, during the Modi government, it is touching the heights of development, and the far-reaching changes of his government's poli...

June 6, 2025 4:27 PM

Piyush Goyal holds high-level meeting with Italian Deputy PM Antonio Tajani in Brescia

Union Minister of Commerce and Industry Piyush Goyal on Thursday co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC) alongside Italy’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani. The high-level meeting was held in Brescia, a key manufacturing hub in northern Italy, during Goyal’s two-day visit to the country. He was accompanied by a business delegation comprising senior leaders from nearly 9...

June 2, 2025 9:55 AM

“Will negotiate a fair balance,” Piyush Goyal optimistic of wrapping up FTA with EU by year end

Commerce and Industry Minister Piyush Goyal expressed optimism that India could finalise its Free Trade Agreement (FTA) with the European Union (EU) ahead of the year-end deadline, citing minimal divergences between the two economic blocs. Goyal emphasised the complementary nature of the Indian and European economies. "There are not too many issues where we have divergence of opinion. We have both complementary economies," he stated. "In most cases, what is of offensive interest to India does n...

June 2, 2025 9:55 AM

Piyush Goyal commences official visit to France, Italy to boost economic ties

Union Commerce and Industry Minister Piyush Goyal began his three-day official visit to France on Sunday as part of a five-day tour of France and Italy from June 1 to 5. The visit is aimed at further strengthening India's strategic and economic partnerships with key European nations. During his stay in France, the Minister will hold bilateral meetings with senior French officials, including Minister of Economy Eric Lombard and Trade Minister Laurent Saint-Martin. The discussions will focus on e...

May 30, 2025 11:53 AM

India to be fastest-growing economy for next 30 years: Piyush Goyal

India is poised to remain the fastest-growing large economy for the next three decades, with a sustained annual growth rate of 6–7%, Union Commerce and Industry Minister Piyush Goyal said on Thursday. Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2025, Goyal said the government is aiming to push growth to 8% at constant prices. “Even amidst international upheavals, we are among the better-performing emerging markets,” he said. “Today, India holds the wor...

May 20, 2025 10:59 AM

Good discussions on expediting first tranche of India-US trade pact: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Tuesday said that he had held fruitful talks with US Commerce Secretary Howard Lutnick towards concluding the first tranche of the India-US Bilateral Trade Agreement (BTA). India and the US are working to sign the first tranche of the BTA to reduce tariffs before the agreed timeline of fall 2025, as the terms of reference for the pact have already been finalized. “Good discussions with Secretary @Howard Lutnick towards expediting the first...

May 2, 2025 11:55 AM

India, EU reaffirm commitment to conclude Free Trade Agreement by 2025

India and the European Union on Friday reaffirmed their commitment to concluding an ambitious Free Trade Agreement (FTA) by the end of 2025, with both sides underscoring the strategic value of deepening trade ties and enhancing economic cooperation. During a high-level meeting held between Commerce Minister Piyush Goyal and European Commissioner for Trade and Economic Security, Maroš Šefčovič, both sides noted steady progress across various negotiating tracks and agreed to maintain momentum...

April 30, 2025 12:14 PM

Looking forward to tangible outcomes of our shared vision: Piyush Goyal in UK

Union Commerce and Industry Minister Piyush Goyal on Wednesday expressed optimism about the future of India-UK relations, stating that he looks forward to tangible outcomes from the two countries’ shared vision for economic growth and cooperation. Goyal is currently on a five-day visit to London, Oslo, and Brussels, aimed at strengthening India's trade and investment ties with the UK, Norway, and the European Union. "Wonderful to be joined by @DavidLammy, Secretary of State for @FCDOGovUK, a...