New Delhi, July 6 (IANS) Commerce and Industry Minister Piyush Goyal on Monday called upon the leather and footwear industry to target at least $15 billion in exports over the next five to six years, or even earlier.He also urged the industry to aim for a three-fold increase in its export performance by leveraging new Free Trade Agreements (FTAs), diversifying markets and strengthening quality, design, branding, sustainability and scale.Addressing the Council for Leather Exports National Export …
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New Delhi, July 6 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that artificial intelligence (AI) and digital technologies can play a transformative role in empowering MSMEs, startups, exporters and local businesses, while highlighting the need for stronger collaboration to drive innovation-led and technology-driven growth.The minister shared that he met a delegation from Google led by Vidhya Srinivasan, Vice President, Ads & Commerce, and Preeti Lobana, Vice Presid…
New Delhi, July 6 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said India’s new free trade agreements (FTAs) are creating fresh opportunities for manufacturing and innovation, opening doors for the country’s youth to compete globally. He urged students to equip themselves with practical skills and embrace technology-driven learning to make the most of the emerging opportunities.Virtually addressing the inauguration of the online bilingual Bachelor of Business Administration…
New Delhi, July 4 (IANS) India successfully managed the economic fallout of the West Asia crisis that began on February 28 and continued to remain the fastest-growing major economy in the world with registering strong growth, amid signing free trade agreements (FTAs) and robust domestic consumption, Finance Minister Nirmala Sitharaman said in an interview with leading French newspaper Le Figaro.She told Fabrice Node-Langlois, Editor-in-chief-Economics, that the free trade agreement signed last J…
New Delhi, July 4 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Saturday asked domestic toy manufacturers to capitalise on expanding global market access and target a 10-fold increase in exports over the next four years, while assuring the industry that the government will not dilute mandatory quality standards.Addressing the 17th edition of Toy Biz International B2B Expo here, the minister said the Quality Control Orders (QCOs) for toys would continue as they have helped improv…
New Delhi, July 2 (IANS) The government held an industry brainstorming session here to chart a roadmap for strengthening India’s global leadership in the AYUSH sector through innovation, quality, exports and international collaboration, an official statement said on Thursday.Organised in collaboration with the Ministry of AYUSH and the AYUSH Export Promotion Council (AYUSHEXCIL), the session focused on opportunities arising from India’s Free Trade Agreements (FTAs), global branding of AYUSH, exp…
New Delhi, June 30 (IANS) The Centre has disbursed approximately Rs 1 lakh crore under the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS) to enable MSMEs and other industries to tide over the liquidity crunch during the West Asia crisis, MSME Secretary Bharat Khera said on Tuesday.Speaking at a Confederation of Indian Industry (CII) event here, Khera said, “Our effort has been to ensure that MSMEs don’t suffer unduly in such times.”Khera said while disruptions caused by the West Asia crisi…
Gandhinagar, June 27 (IANS) A high-level seminar in Gandhinagar has outlined a roadmap for strengthening Gujarat’s position as a globally competitive medical technology manufacturing hub, with policymakers, regulators, industry leaders and academic experts focusing on export-oriented production, regulatory readiness and ecosystem development. The one-day programme, titled ‘Gujarat to Global: Empowering the MedTech Ecosystem’, was jointly organised by the Gujarat Rajya Institution for Transformat…
New Delhi, June 24 (IANS) Union Textiles Minister Giriraj Singh on Wednesday said the time had come to execute district and state textile plans with a proactive approach, stressing the need for value addition, sustainability, niche products and effective utilisation of free trade agreements to achieve India’s textile export ambitions.Addressing the concluding session of the two-day Textiles Summit 2026, Singh said the sector must focus on the right product-market mix while ensuring compliance wi…
New Delhi, June 24 (IANS) India can significantly strengthen its position in the global pharmaceutical industry by moving beyond volume-led exports and focusing on higher-value products such as biosimilars, speciality drugs and advanced therapies, according to Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.In an interaction with IANS, Sharma said India already enjoys a leadership position in the global generics market, accounting for around 20 per cent of generic medicine exports w…