Piyush Goyal is a senior Bharatiya Janata Party (BJP) leader and the Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles in the Narendra Modi-led BJP government at the Centre. A Leader of the Rajya Sabha, he has been representing Maharashtra in the Rajya Sabha since 2010. He earlier served as Minister of Railways between 2017 and 2021. In the previous term of the BJP government, Goyal had also donned the hat of the finance minister twice in 2018 and 2019, standing in for then Finance Minister Arun Jaitley during phases of the latter’s ailment. Goyal presented the Interim Budget for 2019-20, ahead of the Lok Sabha elections. During his 35-year long political career, he held several other portfolios -- Minister of Coal (2014-19), Minister of State (I/C) for Power, New and Renewable Energy (2014-17), and Mines (2016-17). He has been the National Treasurer of the BJP. Goyal was an all-India second rank holder Chartered Accountant (CA) and second rank holder in Law in Mumbai University. Before joining politics, he worked as an investment banker and advised top corporates on management strategy and growth. He also served on the board of India’s largest commercial bank, the State Bank of India and Bank of Baroda as Government nominee. More
In the next stage, the government will also add more approvals to the platform
The widening of the trade deficit is due to rise in oil imports, amid high crude oil prices, Piyush Goyal said
Inaugurating the IITF in New Delhi at Pragati Maidan, the minister said that women entrepreneurs and MSMEs can be specially encouraged to participate in that dedicated during summers.
Speaking at an event organised by Solidaridad Asia and Indian Tea Association on sustainable tea production through a video clip, Goyal said efforts are being made to strengthen the STGs and ensure them a safe source of supply to the factories for tea production.
He also called for exploring export potential of unique products such as castor and instructed officials of the ministry to help promote those items.
State-run Bureau of Indian Standards (BIS) has already mapped 3,000-odd NABL-accredited non-diagnostic laboratories in the country. It is mulling how to map the non-accredited non-diagnostic labs set up by PSUs, industries and education institutes like IITs.
Goyal said there are over 80,000 startups in the country registered with the Industry Ministry.
Goyal said 80 crore people were already getting food security with foodgrains (of) about 5 kg per person or 35 kg for the very poor Antyodaya families and under the Prime Minister Garib Kalyan Yojana, the quota was doubled with an additional 5 kg.
"We have reached that inflection point, we are at the cusp, where we are going to take off. If we have the ambition to be at least ten times in the next 25 years...we are looking to cross the USD 30 trillion economy with a per capita GDP of 15,000 dollar," Goyal said.
Outbound shipments from the country’s textiles segment stood at around USD 42 billion in 2021-22.
Piyush Goyal emphasised on sustaining the export momentum and said that he is confident that Indian exports will be able to wither the global headwinds and will surpass growth in exports by a big margin.
Sridhar Vembu, co-founder and CEO of Indian multinational tech company Zoho, won the CNN-News18 Indian of the Year 2022 Award in the ‘Start-ups’ category and was delighted to meet Kapil Dev at the ceremony.
The minister said small companies have the option to list on the main bourses' SME platforms and also on the Gift City in Gandhinagar.
If we all put our best foot forward and aspire for double-digit growth, we can be much bigger, he said addressing FICCI’s National Executive Committee Meeting.
The meeting assumes significance as India's exports contracted by 3.52 per cent to USD 32.62 billion in September against USD 33.81 billion in the same month last year, while the trade deficit widened to USD 26.72 billion during the last month.
Though various party leaders have been calling on Jagdeep Dhankhar since he took over as vice president, this would be his first formal interaction with floor leaders of Rajya Sabha.
Reducing compliance on companies is one of the objectives which the government aims to meet in the upcoming Parliament session, Goyal said.
The index, he said, has over the years recognised India's continuous rise due to the progressive measures taken by the government and industry working hand in hand.
"India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years," Goyal said.
Ambitious targets of exports should not be affected by "small support subsidies and incentives. That has been the bone of contention between some services sectors and the government," Goyal said.
The services industry was keenly waiting for a new foreign trade policy, anticipating some benefits in lieu of the Service Exports from India Scheme.
The commerce minister added that the UK is keen to finalise the Free Trade Agreement with India by the original deadline despite the setback caused to the process by the demise of Queen Elizabeth II
New Delhi, Sep 15 Commerce and Industry Minister Piyush Goyal on Thursday regretted that the developed world has "totally failed" in its commitment..
Headed by the minister, the board includes participants from various states, union territories, and senior officials from public and private sectors.
Piyush Goyal also said that exporters should not be dependent on a depreciating rupee and they should stand on their own based on the quality of products and ability to serve the needs of customers in the global markets.