October 8, 2024 5:06 PM

India and UAE to interlink payment systems for smooth cross-border transactions

Union Commerce Minister Piyush Goyal announced that India and the UAE are working on interlinking India’s Unified Payments Interface (UPI) with the UAE’s AANI system to enable seamless cross-border transactions between the two countries. This move is set to benefit the over 3 million Indians residing in the UAE, allowing them to use the power of UPI and AANI for smoother financial exchanges. Goyal announced during a press conference following the 12th meeting of the India-UAE High-Level Joi...

October 4, 2024 11:12 AM

Piyush Goyal promotes India as a global manufacturing hub at CSIS event in US

Union Minister of Commerce and Industry, Piyush Goyal, on Thursday promoted India as a global manufacturing powerhouse, emphasizing the impact of reforms, diversification, and localized supply chains. Speaking at an event organized by the American think tank Center for Strategic and International Studies (CSIS) in Washington, D.C., Goyal delivered a keynote address on “India's Evolving Manufacturing Landscape.” He underscored the benefits of the ‘Make in India’ initiative, which has cap...

October 4, 2024 9:27 AM

India regards US as one of our most reliable trade partners: Piyush Goyal

Union Minister of Commerce and Industry, Piyush Goyal, on Friday stated that US-India relations are expanding across various sectors, including trade, technology, and investment. Goyal emphasised that India places great importance on its relationship with the United States. "Let me be clear: India regards the United States as one of our most reliable trade partners. We are increasingly expanding our relations and trade across goods, services, technology, and investment. We deeply value this par...

October 3, 2024 4:02 PM

Commerce Minister Piyush Goyal engages with business leaders and Indian diaspora during U.S. visit

Union Commerce and Industry Minister Piyush Goyal engaged with key business leaders and members of the Indian diaspora during the second day of his U.S. visit, aiming to strengthen economic ties and encourage investment in India. Goyal met with leading investors, including Robert Goldstein, Chief Operating Officer of BlackRock; Anup Popat, Chairman and CEO of Systems Technology Group; Sanjiv Ahuja, CEO of Tillman Holdings; Shailesh Upreti, CEO of C4V; and Ali Dibadj, CEO of Janus Henderson Inve...

October 3, 2024 10:48 AM

Piyush Goyal, Gina Raimondo discuss US investment in 20 upcoming industrial cities in India

Commerce Minister Piyush Goyal, currently visiting the United States, on Wednesday met with US Secretary of Commerce Gina Raimondo during the India-US CEO Forum. The meeting focused on enhancing bilateral cooperation and exploring new investment opportunities, particularly in the 20 upcoming industrial cities in India. The two leaders emphasized joint efforts in key sectors such as defence, space, semiconductors, telecommunications, artificial intelligence (AI), and clean energy, highlighting t...

September 29, 2024 5:27 PM

Piyush Goyal to visit USA for high-level trade talks and industry engagement

At the invitation of the United States Secretary of Commerce, Gina Raimondo, Union Minister of Commerce and Industry, Piyush Goyal, is set to visit the United States from September 30 to October 3, 2024. The visit aims to strengthen economic ties between the two nations and explore avenues for mutual trade and investment growth. During the visit, Minister Goyal will co-chair the India-USA CEO Forum on October 2, and the 6th India-USA Commercial Dialogue on October 3, in Washington, D.C. Alongsi...

September 25, 2024 5:47 PM

Manufacturing sector to account for 25% of India’s economy by 2047: Piyush Goyal

On the 10th anniversary of the 'Make in India' initiative, Union Minister of Commerce and Industry, Piyush Goyal, outlined the country's future growth trajectory, with manufacturing set to play a central role. Speaking on Wednesday, Goyal projected that by 2047, the manufacturing sector’s contribution to the Indian economy would rise to 25%. "As we move forward in Amrit Kaal, India will steadily grow its manufacturing base to cater to both domestic and global demand. By 2047, the sector's sha...

September 25, 2024 3:28 PM

India, Australia in talks for a comprehensive economic cooperation agreement: Australian Minister

Australia is actively negotiating a Comprehensive Economic Cooperation Agreement (CECA) with India, Australia's Minister for Trade and Tourism, Don Farrell, said on Wednesday. His remarks followed a meeting with India's Union Commerce and Industry Minister, Piyush Goyal, in Adelaide. Farrell described the CECA as an "ambitious" trade agreement that aims to enhance economic ties between the two nations. He said, "Our government has also finished consultations on a new roadmap for Australia's ec...

September 20, 2024 11:49 AM

Piyush Goyal to attend ASEAN-India economic meetings in Lao PDR

Union Minister of Commerce and Industry, Piyush Goyal, is in Vientiane, Lao People’s Democratic Republic (Laos) to participate in two key economic summits—the 21st ASEAN-India Economic Ministers (AEM-India) Meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM). These annual meetings, hosted this year by Lao PDR as the ASEAN Chair for 2024, bring together ASEAN members and their dialogue partners to discuss regional and global economic cooperation. The EAS EMM involves e...

September 16, 2024 3:25 PM

Piyush Goyal chairs 3rd Board of Trade meeting

Union Commerce and Industry Minister, Piyush Goyal, chaired the third meeting of the reconstituted Board of Trade in Mumbai today. He emphasized the government's focus on fostering economic growth through partnerships with state governments, promoting a transparent and efficient trade environment. Goyal launched the Department of Commerce’s 'Jan Sunwai Portal', aimed at improving communication between stakeholders and authorities. The portal offers video conferencing services and direct chann...