India ahead of its exports goal despite Covid-19: Piyush Goyal

25 Sep 2021 CW Team

Minister of Commerce and Industry Piyush Goyal, during an interaction with bankers and exporters on export financing issues, said that despite Covid-19 and other problems, India is ahead of its exports goal.

They will be at around $190 billion by the end of September 2021.

Stating that this is the first time crossing this figure in the first six months of the FY, the minister said that the exports are at the cusp of exponential rise. The government is operating to bring a quantum leap in quality, productivity and effectiveness, to make the export basket better, larger and broader.

Goyal also urged the exporters to create small working groups and consider basic structural improvements to get released from clutches of government support.

Further continuing his discussions on the role of banks in helping the exporters, Goyal advised banks to be more liberal concerning exchange rates and provide benefits instead of penalising MSMEs. Asking the Indian Bank Association for utilising a more liberal approach, he said that the credit rating, penal interest, and penal insurance charged requires more liberalisation under the challenges encountered due to the Covid-19 pandemic.

The event, which was held as a part of 'Vanijya Saptah', was organised together by the Directorate General of Foreign Trade, Department of Commerce, Export-Import Bank of India and Export Credit Guarantee Corporation of India.

Image Source

Also read: Steel sector ramps up exports as domestic demand slumps

Also read: DGTR recommends anti-dumping duty on aluminium imports

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..