logo
Piyush Goyal highlights India's trade and exports across banking, MSMEs, aerospace, and infrastructure

Piyush Goyal highlights India's trade and exports across banking, MSMEs, aerospace, and infrastructure

Time of India2 days ago
Union
Commerce
and
Industry
Minister
Piyush Goyal
shared key developments from the past week, reflecting the government's continued push to strengthen India's trade, industrial, and
infrastructure
landscape.
In a high-level meeting with the Chairman of
State Bank of India
, along with top executives from other major banks, ECGC Ltd., and senior ministry officials, the minister reviewed the status of
export credit
and explored new opportunities to bolster India's export financing ecosystem.
During a visit to Srinagar, Goyal met with delegations from the Kashmir Chamber of Commerce & Industry and the MSME Development Forum's Kashmir Chapter, reinforcing the government's commitment to empowering local businesses.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas Prices In Dubai Might Be More Affordable Than You Think
Villas In Dubai | Search Ads
Get Rates
Undo
— PiyushGoyal (@PiyushGoyal)
He also interacted with stakeholders from the Jammu & Kashmir Fruits and Vegetable Processing and Integrated Cold Chain Association, focusing on the potential of agri-value chains in the region.
Live Events
In Bengaluru, the minister toured key units at the Karnataka Industrial Areas Development Board (KIADB) Aerospace SEZ in Devanahalli. He visited Unimech
Aerospace Manufacturing
Ltd. and Safran HAL Aircraft Engines Pvt. Ltd., highlighting India's growing capabilities in aerospace manufacturing and
Make in India
initiatives.
"A review meeting was held to address key issues affecting major
infrastructure projects in Gujarat
and Rajasthan through the Project Monitoring Group (PMG) mechanism," Minister added.
Further, a review meeting through the Project Monitoring Group (PMG) was held to resolve critical issues impacting major infrastructure projects in Gujarat and Rajasthan, aiming to accelerate execution timelines and remove investment bottlenecks.
These engagements underscore the ministry's multi-sector approach to boosting industrial growth, regional development, and export competitiveness.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India's office market hits rush hour
India's office market hits rush hour

Time of India

time23 minutes ago

  • Time of India

India's office market hits rush hour

India's office market is on track for a record-breaking year, with 48.9 million sq ft of space leased in the fi rst half of 2025—the highestever half-yearly volume. This is driven by sustained demand from Global Capability Centres (GCCs), a revival in third-party IT services, and continued expansion of flexible workspaces, showed data from Knight Frank India . Largeenterprises have focused on securing future-ready, Grade A office spaces to support longterm operations. Bengaluru accounted for the largest share of leasing, followed by NCR and Pune. Vacancy levels are falling as demand outpaces new supply, while rental values have risen across key markets. The momentum signals continued occupier confi dence and positions India's commercial offi ce sector for further growth in the second half of the year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo

It's not so good(s)! India has trade gap with 5 of 7 key FTA partners
It's not so good(s)! India has trade gap with 5 of 7 key FTA partners

Time of India

time33 minutes ago

  • Time of India

It's not so good(s)! India has trade gap with 5 of 7 key FTA partners

India has run a merchandise trade deficit with five of the seven trade partners including two blocs it has free trade agreements (FTAs) with, ever since the pacts came into force, an ET analysis has shown. These trade partners collectively accounted for nearly 37% of India's total trade deficit in FY25. India has since 2021 entered into trade pacts with Mauritius, the UAE, European Free Trade Association (EFTA) and Australia. Its trade deficit with the UAE has expanded since 2022, but that with Australia narrowed. While the pact with the four-nation EFTA is expected to come into force in October, the trade gap with the grouping reduced in 2024-25 from the previous fiscal year. With Mauritius, India has a small surplus. In comparison, the deficit with partners India signed trade pacts with in the 2000s continued to widen, barring the South Asian Free Trade Area (Safta) where it is a surplus. Notably, the deficit with the 10-nation Asean bloc ballooned to $45.2 billion in FY25 from $25.8 billion in FY22 and $21.8 billion in FY19. Deficits with Japan and South Korea also widened. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Lifetime Office 365 Download Undo A government official said the utilisation of India's new trade deals was higher than that of the old ones and that efforts were ongoing to maintain balanced trade. Live Events "A review of the trade pacts with Asean and Korea is underway," said another official, adding: "However, the Asean is stonewalling the review and we are trying to assess why the utilisation of the deal is low." The Asean-India Trade in Goods Agreement came into effect in 2010. India's goods exports to the Asean shrank 5.4% on-year in FY25 to $38.96 billion, while imports rose 5.6% to $84.16 billion. India continues to maintain a trade surplus with South Asia under the 21-year-old Safta. But this surplus has shrunk between FY25 and FY22. Overall, India's reliance on its FTA partners has grown between FY19 and FY25. Imports from all FTA countries and regions increased during this period, while exports growth was limited to a few. These partners now account for 28.1% of India's exports and 29% of its imports. As per an analysis done by the commerce and industry ministry, the number of preferential certificates of origin issued by India under FTAs with the UAE and Australia rose 24.7% and 19%, respectively, last fiscal year. The analysis assumes significance as the utilisation rates under trade pacts with Korea, Japan and Asean have been estimated between 4% and 25% in many products. The preferential certificates of origin enable exporters to claim tariff benefits under free trade pacts.

After 6 years, PM Modi to address rally in Durgapur
After 6 years, PM Modi to address rally in Durgapur

Time of India

time33 minutes ago

  • Time of India

After 6 years, PM Modi to address rally in Durgapur

Kolkata: Prime Minister Narendra Modi will address a public rally in West Bengal's Durgapur on July 18, after six years and a few days ahead of Trinamool Congress' mega event July 21 Sahid Diwas. This is the second public rally which will be addressed by the Prime Minister in West Bengal, after Alipurduar, in the run up to the 2026 assembly polls next year. PM had addressed a public rally in Alipurduar on May 29, first in Bengal after Operation Sindoor . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Trend Is Changing Bridal Beauty vividtrendlab Undo BJP presently holds three Assembly seats in West Burdwan district. BJP State President Samik Bhattacharya, Lo PSuvendu Adhikari, BJP former state Presidents Sukanta Majumdar and Dilip Ghosh will be present at the rally in Durgapur. Live Events

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store