+
Goyal Urges Industry To Use FTAs To Boost Exports
ECONOMY & POLICY

Goyal Urges Industry To Use FTAs To Boost Exports

Union Commerce and Industry Minister Piyush Goyal urged exporters and industry bodies to use Free Trade Agreements (FTAs) to expand India’s presence in world markets, maximise job creation and boost exports of goods and services. He addressed a meeting of 35 Export Promotion Councils (EPCs) and leading industry associations representing major export sectors. Industry representatives conveyed appreciation for government trade promotion initiatives and discussed steps to scale exports.

Goyal said the government had concluded FTAs with developed partners to enable farmers, workers, professionals, artisans and micro, small and medium enterprises (MSMEs) to access markets on preferential terms. The agreements were said to open global opportunities for traditional medicine and yoga while safeguarding agriculture and dairy interests. The minister urged industry to intensify efforts to enter new markets, upgrade quality and become more competitive to exploit the trade advantages.

Industry expressed gratitude to the prime minister and the minister for leadership that enabled recent deals with the United Kingdom, the European Union and the United States of America. Particular appreciation was noted for the removal of the additional 25 per cent tariff on Indian imports to the United States through the United States Executive Order dated six February 2026, which is expected to restore competitive market access and provide renewed stability. Associations said the United States is among India’s largest export destinations and that the tariff rollback is significant for exporters.

Representatives from labour-intensive sectors such as gems and jewellery, textiles and footwear said the rollback has revived business confidence and safeguarded employment. The ministry presented the trade engagement, outlining market access opportunities, compliance frameworks and pathways for export expansion, and industry welcomed the clarity provided. Discussions reviewed progress under the Export Promotion Mission (EPM) and interventions already rolled out, including interest subvention support for export credit loans, collateral guarantee for export credit to MSMEs and targeted market access support, with further measures to be introduced in a phased manner. The minister reiterated the government’s commitment to accelerate export growth, deepen global integration and position India as a trusted supply partner.

Union Commerce and Industry Minister Piyush Goyal urged exporters and industry bodies to use Free Trade Agreements (FTAs) to expand India’s presence in world markets, maximise job creation and boost exports of goods and services. He addressed a meeting of 35 Export Promotion Councils (EPCs) and leading industry associations representing major export sectors. Industry representatives conveyed appreciation for government trade promotion initiatives and discussed steps to scale exports. Goyal said the government had concluded FTAs with developed partners to enable farmers, workers, professionals, artisans and micro, small and medium enterprises (MSMEs) to access markets on preferential terms. The agreements were said to open global opportunities for traditional medicine and yoga while safeguarding agriculture and dairy interests. The minister urged industry to intensify efforts to enter new markets, upgrade quality and become more competitive to exploit the trade advantages. Industry expressed gratitude to the prime minister and the minister for leadership that enabled recent deals with the United Kingdom, the European Union and the United States of America. Particular appreciation was noted for the removal of the additional 25 per cent tariff on Indian imports to the United States through the United States Executive Order dated six February 2026, which is expected to restore competitive market access and provide renewed stability. Associations said the United States is among India’s largest export destinations and that the tariff rollback is significant for exporters. Representatives from labour-intensive sectors such as gems and jewellery, textiles and footwear said the rollback has revived business confidence and safeguarded employment. The ministry presented the trade engagement, outlining market access opportunities, compliance frameworks and pathways for export expansion, and industry welcomed the clarity provided. Discussions reviewed progress under the Export Promotion Mission (EPM) and interventions already rolled out, including interest subvention support for export credit loans, collateral guarantee for export credit to MSMEs and targeted market access support, with further measures to be introduced in a phased manner. The minister reiterated the government’s commitment to accelerate export growth, deepen global integration and position India as a trusted supply partner.

Next Story
Real Estate

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Next Story
Real Estate

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Next Story
Infrastructure Energy

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App