Piyush Goyal Chairs Meet with Export Councils on Trade Opportunities
ECONOMY & POLICY

Piyush Goyal Chairs Meet with Export Councils on Trade Opportunities

Union Minister of Commerce and Industry Shri Piyush Goyal chaired a high-level meeting with Export Promotion Councils and Industry Bodies in New Delhi to discuss the emerging global trade scenario and explore opportunities for Indian exporters amid dynamic international developments.

India’s Export Growth Amid Challenges The Minister commended the industry for achieving a record export figure of over USD 820 billion in FY 2024–25, registering a 6% year-on-year growth. Despite significant global headwinds—such as the Red Sea crisis, Israel-Hamas conflict, ongoing Russia-Ukraine war, and economic slowdowns in developed nations—Indian exporters have shown remarkable resilience and determination, he noted.

Bilateral Trade Agreement with the US Shri Goyal briefed attendees on ongoing discussions with the United States to formulate a mutually beneficial Bilateral Trade Agreement (BTA). He credited Prime Minister Narendra Modi's foresight, highlighting his early agreement to pursue a BTA during a meeting with President Trump in February 2025.

Guidance to Exporters Emphasising the government’s proactive approach, the Minister urged exporters to focus on emerging silver linings, rather than fear disruptions. He assured that while the BTA team is moving at speed, it is doing so with precision and national interest in mind, ensuring the final outcome benefits India holistically.

India as a Global Trade Partner Shri Goyal noted that with India’s trusted global image, predictable policies, and business-friendly environment, the nation is well-positioned to become a key hub in global supply chains, attracting large-scale manufacturing and creating new job opportunities.

Industry Feedback and Collaboration Export Promotion Councils across various sectors shared insights on the challenges faced and urged the government to continue supporting the industry through targeted policy measures. The meeting served as a collaborative platform for formulating responsive strategies in light of global economic shifts.

Attendees included senior officials from the Commerce Ministry, line ministries, industry bodies, and various Export Promotion Councils.

Union Minister of Commerce and Industry Shri Piyush Goyal chaired a high-level meeting with Export Promotion Councils and Industry Bodies in New Delhi to discuss the emerging global trade scenario and explore opportunities for Indian exporters amid dynamic international developments. India’s Export Growth Amid Challenges The Minister commended the industry for achieving a record export figure of over USD 820 billion in FY 2024–25, registering a 6% year-on-year growth. Despite significant global headwinds—such as the Red Sea crisis, Israel-Hamas conflict, ongoing Russia-Ukraine war, and economic slowdowns in developed nations—Indian exporters have shown remarkable resilience and determination, he noted. Bilateral Trade Agreement with the US Shri Goyal briefed attendees on ongoing discussions with the United States to formulate a mutually beneficial Bilateral Trade Agreement (BTA). He credited Prime Minister Narendra Modi's foresight, highlighting his early agreement to pursue a BTA during a meeting with President Trump in February 2025. Guidance to Exporters Emphasising the government’s proactive approach, the Minister urged exporters to focus on emerging silver linings, rather than fear disruptions. He assured that while the BTA team is moving at speed, it is doing so with precision and national interest in mind, ensuring the final outcome benefits India holistically. India as a Global Trade Partner Shri Goyal noted that with India’s trusted global image, predictable policies, and business-friendly environment, the nation is well-positioned to become a key hub in global supply chains, attracting large-scale manufacturing and creating new job opportunities. Industry Feedback and Collaboration Export Promotion Councils across various sectors shared insights on the challenges faced and urged the government to continue supporting the industry through targeted policy measures. The meeting served as a collaborative platform for formulating responsive strategies in light of global economic shifts. Attendees included senior officials from the Commerce Ministry, line ministries, industry bodies, and various Export Promotion Councils.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?