Piyush Goyal Chairs Trade Meet on FTAs and SEZ Reforms
ECONOMY & POLICY

Piyush Goyal Chairs Trade Meet on FTAs and SEZ Reforms

Union Minister of Commerce and Industry, Shri Piyush Goyal, chaired a high-level meeting with Export Promotion Councils (EPCs) and Industry Associations at Vanijya Bhawan in New Delhi. The session included officials from the Department of Commerce and the Department of Revenue, alongside representatives from key trade bodies across various sectors.

The meeting focused on the evaluation of Free Trade Agreements (FTAs) — both concluded and under negotiation — including their utilisation, associated challenges, and potential opportunities for Indian exporters. Participants also provided industry feedback and outlined expectations for ongoing FTA talks.

The Department of Commerce presented insights into the performance of Special Economic Zones (SEZs), highlighting recent reforms and those proposed to further streamline processes. These include simplifying procedures, boosting economies of scale, and utilising idle capacities at SEZs. The ultimate objective is to support India’s ambition of reaching a USD 5 trillion economy by 2027.

Breakout discussions were also held on the implementation of ICEGATE (Indian Customs EDI Gateway) in SEZs, involving officials from the Department of Revenue and trade members.

Industry representatives from a wide range of sectors — including textiles, apparel, engineering, gems and jewellery, medical devices, services, AYUSH, leather, and organisations such as FIEO and Assocham — praised the government’s initiatives to strengthen India’s trade ecosystem and expand global market access.

Shri Piyush Goyal reiterated the Centre’s commitment to fostering a supportive trade environment through regulatory ease, improved infrastructure, and the creation of new opportunities for exporters. He urged the industry to scale up manufacturing, diversify supply chains, and reduce reliance on imports to advance the vision of an Atmanirbhar Bharat.

Union Minister of Commerce and Industry, Shri Piyush Goyal, chaired a high-level meeting with Export Promotion Councils (EPCs) and Industry Associations at Vanijya Bhawan in New Delhi. The session included officials from the Department of Commerce and the Department of Revenue, alongside representatives from key trade bodies across various sectors.The meeting focused on the evaluation of Free Trade Agreements (FTAs) — both concluded and under negotiation — including their utilisation, associated challenges, and potential opportunities for Indian exporters. Participants also provided industry feedback and outlined expectations for ongoing FTA talks.The Department of Commerce presented insights into the performance of Special Economic Zones (SEZs), highlighting recent reforms and those proposed to further streamline processes. These include simplifying procedures, boosting economies of scale, and utilising idle capacities at SEZs. The ultimate objective is to support India’s ambition of reaching a USD 5 trillion economy by 2027.Breakout discussions were also held on the implementation of ICEGATE (Indian Customs EDI Gateway) in SEZs, involving officials from the Department of Revenue and trade members.Industry representatives from a wide range of sectors — including textiles, apparel, engineering, gems and jewellery, medical devices, services, AYUSH, leather, and organisations such as FIEO and Assocham — praised the government’s initiatives to strengthen India’s trade ecosystem and expand global market access.Shri Piyush Goyal reiterated the Centre’s commitment to fostering a supportive trade environment through regulatory ease, improved infrastructure, and the creation of new opportunities for exporters. He urged the industry to scale up manufacturing, diversify supply chains, and reduce reliance on imports to advance the vision of an Atmanirbhar Bharat.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code