Latest news with #UnionCommerceandIndustry
India Gazette
2 days ago
- Business
- India Gazette
France expresses strong support for India against terrorism, trade ties deepen: Piyush Goyal
By Shailesh Yadav Paris [France], June 1 (ANI): Union Commerce and Industry Minister Piyush Goyal expressed India's gratitude to France for its unwavering support and solidarity following the April 22 Pahalgam terror attack, emphasising the shared commitment between both nations in maintaining zero tolerance against terrorism. Goyal is on his three-day official visit to Paris as part of his ongoing visit to France and Italy from 1-5 June 2025. Goyal highlighted the strong understanding between India and France on counter-terrorism efforts. 'The French people and government also stand for zero tolerance against terrorism, just like India,' he stated. 'The French Senate delegation that visited India fully supported India's stand and gave us confidence that the world stands with India when we are fighting against terrorism in all forms, whether state-sponsored or non-state actors,' Goyal said. The April 22 attack, carried out by Pakistan-backed terrorists at Baisaran meadow in Pahalgam, is one of the deadliest in Jammu and Kashmir since the 2019 Pulwama strike in which 40 CRPF jawans were killed. The minister drew parallels between both countries' experiences with terrorism, referencing the devastating 2015 Paris attacks that killed approximately 125 people just days before the COP21 climate summit. 'Acts of terrorism in France have caused a lot of damage,' Goyal noted. 'The people and the government of France can understand India's anger. They could connect with the displeasure the people of India felt,' Goyal said. The visit underscores the deepening ties between India and France, built on the strong personal relationship between Prime Minister Narendra Modi and President Emmanuel Macron. 'Prime Minister Narendra Modi and President Macron share a very deep personal connect and rapport and have had frequent interactions, giving afresh momentum to the strong French-India ties,' Goyal emphasised. This momentum was recently demonstrated in February 2025 when India and France co-hosted the AI Action Summit, which Goyal described as 'a strong endorsement of our shared objective to further the ethical use of artificial intelligence and promote good regulations.' During his Paris visit, Goyal is scheduled to meet with CEOs of several French companies to encourage investment in India, leveraging the country's market of 1.4 billion people and its skilled workforce. The minister will also hold bilateral meetings with his French counterparts and trade ministers from around the world. A key focus of the discussions will be advancing the India-EU Free Trade Agreement, with France being one of its strongest supporters. Goyal is set to meet EU Trade Commissioner Maurus Sarkovic to take the trade partnership 'to the next level at the earliest.' The meetings aim to advance the Horizon 2047 roadmap finalised between Modi and Macron, which includes a mini-ministerial gathering of trade ministers from major economies to discuss strengthening multilateral trading systems and WTO reforms. The minister highlighted the role of approximately 120,000 Indians living in France as 'a living bridge between India and France.' He also mentioned the upcoming Swaminarayan temple near Paris as a symbol of Indian culture and heritage in Europe. In a significant cultural collaboration, the Louvre has entered into an MoU with India to help establish the Yug Yugeen Bharat Museum, described as the world's largest museum, which will showcase India's rich cultural heritage at the North and South Block complex in New Delhi. Goyal's visit represents a significant step in strengthening the multifaceted partnership between India and France, built on shared values of democracy, counter-terrorism cooperation, and mutual economic growth. (ANI)
India.com
5 days ago
- Business
- India.com
India-US Trade Agreement Talks Well on Track For Mutual Benefit: Piyush Goyal
New Delhi: Union Commerce and Industry Minister Piyush Goyal Thursday, stated that negotiations for a bilateral trade agreement between India and the United States are progressing smoothly, intending to double trade to $500 billion. As per the agreement between Prime Minister Narendra Modi and President Donald Trump in February, both countries aim to finalise a mutually beneficial trade deal. Goyal emphasised India's commitment to fostering strong economic ties with developed nations without interfering in their internal affairs, aiming to unlock new opportunities for Indian youth and farmers. "During their meeting in February, PM Narendra Modi and President Donald Trump decided on a good bilateral trade agreement, in the best interest of both countries, which enables bilateral trade to reach $500 billion. We will work to make it negotiations are going on very well," Goyal told reporters here. The Union Minister further stated that India never interferes with the internal affairs of other countries and intends to have good economic ties with developed countries to create new opportunities for the youth and farmers. "India never interferes with the internal matters of other wants good economic ties with the developed countries so that new opportunities are developed for our youth, farmers, and employed classes," Goyal said. He said that the centre was working towards creating additional opportunities for startups and skilled manpower, including doctors and nurses. "We are dedicated to creating more opportunities for our startups, skilled manpower, doctors, and nurses by making good and balanced agreements with the developed countries of the world, like the free trade agreement and mobility agreements," Goyal added. Meanwhile, Goyal asserted that Operation Sindoor brought the entire nation together and also became a symbol of Aatmnirbhar Bharat (self-reliant India). He said it became a defining moment for the country's defence manufacturing capabilities under the major India program, showcasing India's capabilities before the world. "Operation Sindoor not only brought the whole nation together but also became a symbol of Aatmanirbhar Bharat. It became a defining moment for our defence manufacturing capabilities under the major India programme, showing the world what India can do, and also demonstrated to the world that India is a responsible nation," Goyal said.
India Gazette
6 days ago
- Business
- India Gazette
Piyush Goyal urges exporters to create platform to boost visibility of Indian traders
New Delhi [India], May 28 (ANI): Union Commerce and Industry Minister Piyush Goyal has urged exporters to create a facility that makes Indian traders easily discoverable by overseas buyers to further boost the country's exports. Piyush Goyal also discussed emerging global opportunities for India in a meeting with representatives of all Export Promotion Councils (EPCs) and other industry associations. which took place in the National Capital, New Delhi, In a post on social media platform X, Union Commerce and Industry Minister Piyush Goyal wrote, 'Met representatives of all Export Promotion Councils (EPCs) & Industry Associations and discussed emerging global opportunities for India. Also, encouraged them to create a facility that makes Indian exporters easily discoverable by overseas buyers to further boost our country's exports.' The meeting between industry stakeholders and the Minister is crucial as India looks to create new destinations for export amid the global trade uncertainties arising after the reciprocal tariff announcements by US President Donald Trump. Minister Goyal has been consulting with the exporters to expand the country's footprint into emerging markets and strengthen trade relations with existing partners. The Union Minister has already given a target of USD 2 trillion in exports by 2030. As per the recently released data, India has reached a USD 825 billion export figure in 2024-25, which is the largest ever export. The monthly data of the Commerce Ministry shows that India's overall exports, including merchandise and services, witnessed a sharp rise to USD 73.80 billion in April 2025, marking a 12.7 per cent increase from USD 65.48 billion in the same month last year. The data shows that the imports surged at an even faster pace, with overall imports climbing to USD 82.45 billion in April 2025, a 15.7 per cent jump from USD 71.25 billion in April 2024. Due to the difference in the export and import, India's overall trade deficit widened to USD 8.65 billion in the current year, as per the data of the Commerce Ministry. This is a significant 50 per cent increase from USD 5.77 billion a year earlier. (ANI)
Hans India
24-05-2025
- Business
- Hans India
India-US BTA talks in progress: Goyal
New Delhi: India and the US have made further progress on concluding a mutually beneficial trade agreement, Union Commerce and Industry Minister Piyush Goyal has stressed, amid talks with the US Commerce Secretary Howard Lutnick towards the first tranche of Bilateral Trade Agreement (BTA). India presents a compelling case to the US for a bilateral trade deal, given the outlook on growth and demography. 'Held a constructive meeting with Secretary Howard Lutnick for a mutually beneficial trade agreement,' said Goyal in a post on X social media platform on Thursday (US time). The union minister further stated that the two nations are 'committed to enhancing opportunities for our businesses and people'. India and the US are working to sign the first tranche of BTA to bring down tariffs before the agreed timeline of the fall of 2025, as the the terms of reference for the pact have already been finalised.
NDTV
23-05-2025
- Business
- NDTV
India, US Make Progress On Mutually Beneficial Trade Agreement: Piyush Goyal
New Delhi: India and the US have made further progress on concluding a mutually beneficial trade agreement, Union Commerce and Industry Minister Piyush Goyal has stressed, amid talks with the US Commerce Secretary Howard Lutnick towards the first tranche of Bilateral Trade Agreement (BTA). India presents a compelling case to the US for a bilateral trade deal, given the outlook on growth and demography. "Held a constructive meeting with Secretary Howard Lutnick for a mutually beneficial trade agreement," said Mr Goyal in a post on X social media platform on Thursday (US time). The union minister further stated that the two nations are "committed to enhancing opportunities for our businesses and people". India and the US are working to sign the first tranche of BTA to bring down tariffs before the agreed timeline of the fall of 2025, as the the terms of reference for the pact have already been finalised. Earlier, Mr Goyal had said that "very good negotiations" with the US were underway. "Looking at the growth, India offers in the next 25-30 years with a large, aspirational, young population who will add to the demand for goods and services, we believe India will be a compelling case to enter into a good agreement with the US," Mr Goyal had told reporters. If both the countries come to an agreement on reducing tariffs, it would lead to higher trade for US and India. Prime Minister Narendra Modi and US President Donald Trump have set an ambitious target of $500 billion bilateral trade by 2030 in a joint statement during the Indian PM's recent visit to Washington, DC. The US President claimed recently that India offered to remove all tariffs on American goods, but added that he was in no rush to finalise a trade deal despite the apparent breakthrough.
