In order to extend support to start-ups in India, the BJP-led Central Government announced "Credit Guarantee Scheme". On October 7, the Commerce Union Minister Piyush Goyal said, "Government enables eligible companies to borrow collateral-free money up to Rs 10 crore making sure they reach their true potential,." The move will help micro businesses and start-up establishments to not only take risks but, provide guaranteed loan schemes.
Courtesy: The Free Press Journal
India announced on June 11 that it will advocate for "fair, just, and transparent discussions and outcomes" at the World Trade Organization's 12th ministerial summit in Geneva. The 164-member WTO's approach to pandemic, fishing subsidies, agriculture challenges, public stockholding for food security, and multilateral reforms will be significant subjects of debate. Piyush Goyal, Minister of Commerce and Industry, will head the Indian… read-more
Courtesy: Indian Express
Visiting the University of New South Wales, Union Minister Piyush Goyal invited the university to expand in India and enhance the education partnership between the two countries. He said, "Partnership between two countries can truly transform the lives of Australia and India". Furthermore, Australian Minister Dan Tehan also supported the need for an agreement and said, "I want to see Australian students flocking to India to get educated".
India and Canada will relaunch negotiation for the Comprehensive Economic Partnership Agreement (CEPA), with Early Progress Trade Agreement (EPTA). The bilateral economic enhancement discussions were held during a meeting between India-Canada ministers Marg Ng and Piyush Goyal in New Delhi. The Business Council of Canada's CEO Victor Thomas also mentioned the “unique opportunity in India’s ever-growing potential - the booming economy and… read-more
Courtesy: Hindustan Times
Union Minister Piyush Goyal on March 3, said that India's share in global trade is currently 10%, and the share of exports in country’s Gross Domestic Product (GDP) should be raised to 25%. While addressing on 'Make in India for the World' closing session, Goyal said, "Today our countries are also talking of programs very similar to Aatma Nirbhar Bharat." Goyal called for supporting MSMEs and strengthening India's manufacturing ecosystem. … read-more
Students who returned from Ukraine on February 27, amid the ongoing Ukraine-Russia crisis, thanked the Indian Government for the special arrangements of Air India flights for their evacuation. After returning to Mumbai, the students said, "we are proud of the Indian Government". Moreover, the Union Minister Piyush Goyal, welcomed the first Indian batch of evacuated students and assured to bring back all from Ukraine to India, safely.… read-more
Union Minister Piyush Goyal, ensured necessary steps taken by the Central Government ro boost economy of startups in India. During an event, Goyal said India aims to gain 75 unicorn in 75 weeks, till the 75th Independence Day, from current 43 unicorns added in 45 weeks, from March 2021. Goyal also released Nasscom Tech Startup Report 2022. Notably, start-up industry is rising seed-fundings and investments from large entities in India.
Courtesy: The Economic Times
Startup India announced India Accelerator to be the "best accelerator" and the only associated with global accelerator network (GAN) in India. Founded by Ashish Bhatia, the company aims to strengthen the ecosystem of startups in India and is amongst top 100 accelerators in the world. Meanwhile, the National Startup Award 2021 was officiated by Prime Minister Narendra Modi and Union Minister Piyush Goyal presented the NSA Award to IA.
India and UK launched negotiations on Free Trade Agreement at an event in New Delhi. Indian Minister Piyush Goyal and UK Trade Secretary Annie Marie Trevelyan initiated talks that could benefit the economy of both countries. ''We'll expand trade between the countries to increase employment for both'', quoted Mr Goyal. The agreement will boost the total trade of Rs 2 trillion a year by 2035.
Courtesy: ANI News
Piyush Goyal, the Union Minister for Commerce and Industrt, on December 18, assured that in 2021-2022, India will achieve USD 400 billion export target. Goyal further said, "The UAE will become a gateway for Indian trade to the Middle East and Africa and we may set up a huge mart to tap the market". Meanwhile, Talks on India-UAE Free Trade Agreement, with an investment of USD 100 billion in India, are underway, said Goyal.