ANI
14 Mar 2025, 08:36 GMT+10
New Delhi [India], March 14 (ANI): The Union Minister of Commerce and Industry, Piyush Goyal, during his address to the Export Promotion Councils (EPCs) and Industry Associations, said that the government is acting on several tracks and each one of those tracks is aimed at ensuring the best interest of the Indian exporters in the ongoing bilateral agreements.
The Union Minister complimented the positivity amongst the exporter community and their optimism to convert this crisis that the world is facing today into an opportunity.
Reflecting on the changing global scenario, the Minister has assured all the EPCs that Government is working on an overtime basis and will leave no stone unturned to ensure a good future for Indian exporters, both merchandise and service and to protect the interest of the country.
Indicating that the Government has reached final stages in FTAs with a few in particular, the Minister was positive that it will lead to much better opportunities for Indian exporters and will also bring in higher investment.
The Minister was optimistic that the stakeholder consultations and engagements with EPCs and the industry will result in mutually beneficial arrangements for a glorious future for Indian Exports and will expand India's footprint in newer and bigger markets.
Reflecting on the reciprocal tariffs, he has cautioned the EPCs to come out of their protectionist mindset and encouraged them to be bold and ready to deal with the world from a position of strength and self-confidence.
The objective of the Viksit Bharat Mission to make India a prosperous Nation is only possible when the collective commitment of Industry converges with the aspirations of Indian consumers at large for access to goods and services at competitive prices, the minister said.
Informing that India is on the path to cross USD 800 billion this year with the major share of Services exports, the Minister has urged the merchandise exporters to remain ahead of the curve and increase their exports.
Additional increase in Exports in the last fortnight will usher in the confidence of the Exporters to try and aspire to cross 900 billion dollars in exports in the coming year.
Allaying the concerns of the industry with regard to the US, the Minister has called on the EPCs to reflect on their strengths and share their demands and interests with the Government for better engagement with the US.
The Minister has reminded the EPCs and Industry that the budget has provided for the Export Promotion Mission, particularly focusing on new products, new markets and new exporters.
He has urged the industry to come forward with suggestions to effectively shape the schemes to achieve the desired goal, a release added, providing details of the conversation. (ANI)
Get a daily dose of India Gazette news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.
More InformationThe principal terminal, Terminal 1, at Israel's largest airport will reopen at the end of this month, having largely been closed since...
NEW YORK, New York - The knee-jerk introduction of trade tariffs by President Donald Trump continues to rattle markets with all the...
FRANKFURT, Germany: Ford announced this week that it will inject up to $4.8 billion into its struggling German unit to stabilize its...
SEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall...
WINNIPEG, Manitoba: Farmers in the U.S. and Canada are bracing for soaring fertilizer prices as trade tensions escalate between the...
NEW YORK, New York - A slightly lower-than-expected CPI reading for February helped U.S. stocks to stabilize after some relentless...
NEW DELHI, India: The United States is pressing India to lower tariffs and increase defense purchases to secure a stronger bilateral...
New Delhi [India], March 14 (ANI): Inflow of funds through mutual funds (MFs) are expected to remain volatile in the near term, financial...
New Delhi [India], March 14 (ANI): The Union Minister of Commerce and Industry, Piyush Goyal, during his address to the Export Promotion...
New Delhi [India], March 14 (ANI): Consumer price index (CPI) or retail inflation is likely to undershoot the Reserve Bank's target...
New Delhi [India], March 14 (ANI): Bharatiya Janata Party (BJP) leader Manoj Tiwari on Thursday appealed to the people not to compare...
New Delhi [India], March 14 (ANI): With the festival of colors set to be celebrated on Friday, people across the country marked 'Holika...