Piyush Goyal

The minister also commented on India-UK collaboration, while citing areas such as AI education, telemedicine, climate modelling, precision agriculture and organic chemical, electronic and food industries

Per data provided by SIAM, the sales of small cars declined 15.5 percent to 66,000 units between April-September 2024.

Seemingly referring to Hyundai, the minister said the auto industry is sitting on high margins and should look at more competitive pricing

Goyal also highlighted government incentives like EV Policy and PM e-Bus Seva Yojana, which underscore India’s commitment to sustainability and move towards carbon neutrality

CNBC-TV18 Global Leadership Summit: Goyal highlighted India's economy of scale offers unparalleled demand and growth potential for both domestic and international businesses.

It’s a flawed theory to consider food inflation for making a choice on cutting rates, says Commerce Minister at CNBC-TV18 Global Leadership Summit

Addressing current inflation trends, Goyal predicted a decline by December and urged investors to adopt a long-term perspective, advising against focusing solely on quarterly fluctuations.

We will be happy to welcome all companies to manufacture EVs in India, and the choice is for Mr Musk to make, says Piyush Goyal

CNBC-TV18 Global Leadership Summit Latest News Today: ‘Dugna daam dena padega,’ says Nilesh Shah to foreign investors selling

The Economic Survey 2024 presented back in July this year said that GCCs may contribute roughly 3.5 percent of India’s GDP by 2030, generating an estimated revenue of $121 billion by then.

Goyal added that those international players from Germany, Japan and South Korea who are not producing electric vehicles in India should be encouraged to make in India

India with all rich art and culture and opportunities to develop tourism has to be made into an international tourist destination, Goyal said

The commerce and industry minister also noted that the country was hoping to become the third largest economy within the next three years

The EU last year approved the world's first plan to impose tariffs on imports of high-carbon goods including steel, cement and aluminium, aiming to reach net-zero greenhouse emissions by 2050

Commerce Minister Piyush Goyal mourned Ratan Tata, calling him a visionary and true nationalist. He praised Tata's leadership, global impact, and philanthropic contributions, highlighting the Padma Bhushan and Padma Vibhushan awards.

At present, direct equity investments from the UAE stand just under $20 billion, with nearly $3 billion invested in the last fiscal itself

Food processing units and food parks to cater to demand from middle East

India wants the FTA, which is being reviewed, to address its concerns regarding trade imbalance

Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars

Employment generation is expected to be at 1.2 million from 0.95 million jobs created at present, the minister said