India’s ranking in the Global Innovation Index has improved by 42 positions over the last 9 years, with the country now ranked first among the 38 lower-middle-income economies. According to the index released on Thursday, India holds the 39th position in the Global Innovation Index (GII) 2024, a remarkable improvement from its 81st position in … Read more
Piyush Goyal, Union Minister, says Make in India is the fulcrum around which a number of other programmes of the government have helped take up manufacturing to almost twice the size it was 10 years ago. As our economy grew by 90%, so did manufacturing, double, so that we continue to have 17% of the … Read more
New Delhi: India and the US are working together towards becoming self-reliant in critical minerals, strengthening supply chains and adopting cutting-edge technologies, commerce and industry minister Piyush Goyal said Wednesday, adding that he will visit Washington early next month for the India-US CEO Forum. “With both of us suffering a common source of concern.. common … Read more
New Delhi: Commerce and Industry Minister Piyush Goyal on Monday asked Indian auto component makers to explore ways to cut reliance on imports and boost local manufacturing to make the country a net exporter of these products. The minister also urged these companies to target USD 100 billion in exports by 2030. Addressing the auto … Read more
The government is setting up 12 new industrial parks across the country and has 5-6 mega textile parks lined up, Minister of Commerce and Industry Piyush Goyal said on Tuesday.He urged the private sector to take advantage of these initiatives. Speaking at a conference organized by the Confederation of Indian Industry (CII), the Minister asked … Read more
New Delhi: The government is not at a “standstill” just because elections are coming up but is “super active” as it works on turning India into a developed, $35 trillion economy by 2047, commerce and industry minister Piyush Goyal said Friday. The theme of the upcoming general election is Viksit Bharat with a focus on … Read more
New Delhi: India is drawing up a list of market access and non-tariff barriers(NTBs) hurting its goods and services exports and would take them up with the respective trade partners as it seeks to give a fillip to outbound shipments. The commerce department has begun the exercise with barriers such as registration requirements, higher pesticide … Read more
New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday said rice exports have been impacted by the problems in the Red Sea, though a clear picture will emerge after the December exports data is known. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to … Read more
India and New Zealand have discussed measures to reduce trade barriers and promote a more investor-friendly environment to boost economic ties, an official statement said on Wednesday. The issues were discussed during the meeting of Commerce and Industry Minister Piyush Goyal and his counterpart from New Zealand Todd McClay on December 19. Both the ministers … Read more
Commerce and industry minister Piyush Goyal said he wants both goods and services exports from India to touch $1 trillion each and the government is working on a specific plan of action where it will soon announce a deadline to achieve these targets. Addressing NRIs and chartered accountants on Sunday, Goyal said last year services … Read more
