Piyush Goyal Urges Industries to Leverage India’s Expanding FTA Network for Growth

Commerce Minister Piyush Goyal interacted with over 1,000 industry representatives, urging them to leverage opportunities from India's expanding FTA network. He chaired the India-Chile Business Roundtable, discussing collaboration in critical minerals, food processing, and clean energy. The minister highlighted recent export achievements, including Assam's ODOP honey exported to the US. He also noted progress in FTA negotiations with Canada and engagements with global firms like Airbus and LVMH.

Key Points: Piyush Goyal Urges Industry to Seize FTA Opportunities

  • Piyush Goyal interacts with over 1,000 industry representatives
  • Urges seizing opportunities from India's expanding FTA network
  • Chairs India-Chile Business Roundtable with foreign ministers
  • Highlights export wins including Assam honey to US and Canada CEPA talks
2 min read

Piyush Goyal meets industry associations, urges them to seize FTA opportunities

Commerce Minister Piyush Goyal interacts with 1,000+ industry reps, urging them to leverage India's FTA network for global competitiveness and export growth.

"Inspired by PM Narendra Modi's vision, called upon industry to convert global challenges into opportunities through innovation, energy efficiency, better logistics, R&D and collective national effort towards building a stronger export ecosystem - Piyush Goyal"

New Delhi, May 13

Commerce and Industry Minister Piyush Goyal said on Wednesday that he interacted with over 1,000 representatives from industry associations and urged them to seize the unprecedented opportunities emerging through India's expanding FTA network.

In a post on X, the minister said he emphasised the need to prepare early, explore new markets, strengthen Brand India, improve quality and productivity and become more globally competitive.

"Inspired by PM Narendra Modi's vision, called upon industry to convert global challenges into opportunities through innovation, energy efficiency, better logistics, R&D and collective national effort towards building a stronger export ecosystem and realising the vision of Viksit Bharat 2047," Goyal posted.

Earlier, the minister chaired the India-Chile Business Roundtable alongside Francisco Perez Mackenna, Minister of Foreign Affairs of Chile, Paula Estevez, Undersecretary of International Economic Relations, and other distinguished business leaders from both nations.

The discussions focused on the immense potential of the India-Chile partnership across critical minerals, food processing, healthcare, clean energy, technology transfer, and several emerging sectors.

"We explored numerous exciting prospects for collaboration under the India-Chile CEPA, which is poised to deepen our bilateral ties and unlock new growth opportunities across sectors for our businesses and people,"said Goyal.

Earlier, Goyal highlighted major achievements of the government in the past 10 days, such as export promotion initiatives, progress in free trade agreement (FTA) negotiations and discussions with global companies to strengthen manufacturing investments in India.

In a post on X, the minister stated that Assam's One District One Product (ODOP) honey was exported to the US for the first time, while India and Canada successfully concluded the second round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA).

He highlighted that the government engaged with global industry leaders from Airbus, L'Oréal Groupe, Carrier and LVMH to deepen investments and strengthen manufacturing in India.

According to the minister, the government also held key meetings to review the progress of India's FTAs, export promotion strategies and sanitary and phytosanitary (SPS) approvals aimed at improving global market access for Indian agriculture and fisheries products.

- IANS

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Reader Comments

P
Priya S
Finally, some concrete steps! The India-Chile CEPA discussions on critical minerals and clean energy are exactly what we need. But I hope the bureaucracy doesn't slow things down as usual. 😅
V
Vikram M
Piyush Goyal is right – we need to be more competitive globally. But improving logistics and energy efficiency isn't just talk; we need real infrastructure upgrades. Hope this vision translates into action on the ground.
A
Ananya R
Very encouraging to see engagement with global giants like Airbus and LVMH. But what about our MSMEs? They're the backbone of Indian exports. We need targeted schemes for them to benefit from FTAs, not just big corporates. 🏭
R
Rohit P
The 'Brand India' push is overdue. But to truly compete, we need to focus on quality certification and reducing production costs. Also, why are negotiations with Canada still dragging? Hope they speed up. 🐢
K
Kavya N
Love the focus on innovation and R&D! But without proper funding for university-industry collaborations, this is just hot air. Also, please simplify the export procedures – the paperwork is still a nightmare for small exporters. 📋

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