Union Minister of Commerce and Industry

April 17, 2025 1:23 PM

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC High-Level Roundtable on Connectivity and Economic Growth in New Delhi. Highlighting these figures, Goyal said IMEC is poised to become a transformative corridor for global trade, offering faster, more cost-effective, and sustainable connectivity be...

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...