New Delhi, June 26 (IANS) India’s engineering goods exports crossed the $12-billion mark for the first time in May, rising 24.48 per cent year-on-year to hit a record despite geopolitical tensions in West Asia and disruptions to global trade, EEPC India said on Friday.According to the latest estimates by the government, engineering shipments stood at $12.31 billion in May 2026, compared with $9.89 billion in the corresponding month last year.The sector accounted for 27.2 per cent of India’s tota…
Latest Commerce Ministry News & Updates
London/New Delhi, June 25 (IANS) India will not enter into a trade agreement with the United States unless it secures a clear competitive advantage over rival economies, Commerce Minister Piyush Goyal said on Thursday.Speaking during a two-day visit to London, Goyal said India would only proceed with the agreement once Washington establishes a legal and policy framework that offers Indian exporters preferential market access compared to competing countries.“Until the framework for getting comp…
New Delhi, June 25 (IANS) The government on Thursday said it has facilitated the export of a 40 metric tonne (MT) consignment of biscuits from UP’s Varanasi to Oman, following the signing of the India-Oman Comprehensive Economic Partnership Agreement (CEPA).The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, facilitated the export.”The shipment marks the first export consignment of biscuits from Varanasi to Oman followin…
Visakhapatnam, June 5 (IANS) Commerce Minister Piyush Goyal said on Friday that India and the US are likely to sign the first phase of the bilateral trade agreement by the middle of July.”We had excellent discussions from June 2-4 this month. We had a full team of officials from different divisions of trade from the US in New Delhi. I also met them yesterday. We are fast-moving towards closing all the open ends. Sometime by the middle of next month or so, we should be in a position to execute a …
Mumbai, June 3 (IANS) The proposed India-US trade agreement is “99 per cent there”, with only a few remaining issues left to be resolved, US Ambassador to India Sergio Gor said on Wednesday, expressing optimism that both countries are close to finalising the much-awaited interim trade deal.Speaking to reporters on the sideline of the CITI India 2026 Conference here, Gor said officials from both sides are actively engaged in discussions and are committed to concluding the agreement, which he …
New Delhi, 3 (IANS) India remains engaged with the US on the Section 301 proceedings announced by Washington and is also parallelly engaged with the US for finalisation of a framework agreement on bilateral trade as was announced on February 2 this year and in accordance with the joint statement released on February 7, the Commerce Ministry said on Wednesday.The Commerce Ministry explained that the United States Trade Representative (USTR) has concluded investigations against 60 economies, inclu…
Toronto/New Delhi, May 28 (IANS) With India-Canada bilateral trade currently standing at approximately $8.5 billion, both governments remain committed to their shared and ambitious target of expanding it to $50 billion by 2030, Commerce and Industry Minister Piyush Goyal said as he concluded a highly-productive and landmark three-day visit to Canada, an official statement said on Thursday.Goyal had a packed schedule of high-impact engagements in Toronto spanning academia, innovation, government,…
Toronto/New Delhi, May 26 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday addressed the opening Ministerial Plenary Session, titled ‘From Political Reset to Commercial Delivery,’ in Toronto, Canada.Addressing the event in the presence of Maninder Sidhu, Minister of International Trade of Canada, Goyal spoke about India’s continued efforts to enhance ease of doing business and create an investor-friendly environment and invited businesses and industry leaders from Canada to be act…
Ottawa/New Delhi, May 26 (IANS) After high-level trade talks in Ottawa, Commerce and Industry Minister Piyush Goyal will lead the Indian business delegation through an intensive programme of industry roundtables and B2B engagements in Toronto from May 26–27, aimed at translating ministerial-level commitment into concrete commercial partnerships across priority sectors, the government said on Tuesday.The visit carries forward the mandate set by Prime Ministers Narendra Modi and Mark Carney duri…
New Delhi, May 23 (IANS) The government on Saturday released detailed operational guidelines for the implementation of the BHAVYA Scheme, a landmark initiative aimed at developing investment-ready, world-class industrial parks across the country.BHAVYA has been designed to strengthen India’s manufacturing ecosystem through development of integrated industrial infrastructure aligned with the objectives of ‘Make in India’, ‘PM Gati Shakti’, and the Government’s broader vision of positi…