Piyush Goyal

Goyal compared the bureaucracy and stringent regulations that comes with being accorded the status of an industry with the rapid growth seen in the IT sector as they ignored the structural norms to resolve their issues on their own.

Addressing the Invest Kerala Global Summit (IKGS), the commerce and industry minister said he has come here to express the central government's solidarity and full support to the event.

Goyal said once his US counterpart takes charge, both countries will discuss the contours of the pact.

Goyal said that the first phase of industrial smart city in Tumakuru, covering 1,736 acres, is currently under development and expected to be completed by the end of 2026.

Union Minister Piyush Goyal at Invest Karnataka 2025 underscores the state's pivotal role in India's economic growth, highlighting key initiatives in smart city development, exports, technology, and tourism.

Responding to queries on EU trade barriers in the Rajya Sabha, Goyal said the EU has introduced new regulations for their own industries

Goyal said this year’s Budget is “transformational and balanced” and very strategic in its outlook. It also focusses on policy continuity, he added

This visit underscores the importance that India attaches to its trade and investment ties with Oman, an important commercial partner in the Gulf Cooperation Council (GCC) with bilateral trade estimated at over $8.94 billion in 2023-2024, India's commerce ministry said in a statement on January 26.

The commerce minister hinted that the upcoming budget will show Centre's commitment to access to universal healthcare.

Goyal's visit comes ahead of the 10th round of negotiations for the proposed FTA between India and European Union, which is scheduled between 10-14 March in Brussels.

The commerce minister warned the automobile industry from depending heavily on imports, especially on countries that indulge in non-transparent economic practices.

Goyal said reliable power would increasingly become a necessity with data centres coming up globally. Meanwhile, G20 Sherpa Amitabh Kant said India must radically shift towards cutting-edge technology to become 'atmanirbhar' and curb imports.

He said that global investors are showing keen interest in India as the country offers several advantages such as strong domestic market, skilled and talented workforce and rule of law.

The ministry, he said, will discuss with the National Start-up Advisory Council and take feedback "if any steps are required to make their journey back easier. We are open to ideas."

Goyal acknowledged that an increase in shipping costs due to the Red Sea crisis limited the growth in Indian exports to US, Europe, Latin America and African nations.

Several issues including charging and batter swapping infrastructure were discussed in a meeting between stakeholders from the EV sector and Goyal on January 3

Speaking on India’s diplomatic approach, Goyal said that India has never interfered in the internal politics of any other nation, asserting the country’s stance of neutrality and respect for sovereignty.

To a question on kirana stores losing business to the rapid expansion of quick deliveries by online platforms, Goyal said the government has been monitoring the development

Officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations.

"In electric mobility, while we face challenges with raw materials and battery technology, India has a strong auto ecosystem capable of achieving Atmanirbharta," said Union Minister Piyush Goyal in conversation with Bodhisatva Ganguli at the Network18 Green Bharat Summit. Here's the full transcript.