Piyush Goyal

Senior officials of the commerce ministry and representatives of export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will attend the deliberations, according to the industry official.

'The only people in India who need a ‘reality check’ are its politicians. Everyone else is living in the absolute reality of India,' former Shark Tank India judge Ashneer Grover said.

These announcements follow recent remarks by Goyal that has sparked a debate. At a separate investment summit in Delhi, he slammed the overemphasis on food and hyper-delivery apps, suggesting Indian startups should pivot towards more advanced technologies, akin to those being developed in China.

On April 3, Union Commerce Minister Piyush Goyal drew parallels between Indian and Chinese startups and said the companies at home lack innovation

Piyush Goyal said instead of innovation in deeptech or more impactful industries, startups often turn unemployed youth into cheap labour.

Aadit Palicha also addressed the larger question raised by Piyush Goyal regarding India’s absence from the global AI race. 'Why doesn’t India have its own large-scale foundational AI model? It’s because we still haven’t built great internet companies,' he wrote, referencing global giants like Amazon, Facebook, Google and Alibaba.

The former Shark Tank judge said politicians in India are the only ones who need a “reality check”, not others

The minister criticised the trend of repackaging premium consumer products as startups, arguing that such businesses do not represent the kind of disruptive innovation India needs.

Goyal also pointed to the lack of deep-tech startups in India as a major concern. “Only 1,000 startups in India's deep-tech space is a disturbing situation,” he remarked, adding that the country needs to focus on innovation beyond e-commerce and services.

Piyush Goyal said startups have worked to help India’s economy grow with their new and innovative ideas, new ways of functioning,

The minister also highlighted the pace at which trade deals are being negotiated with the likes of Peru and called for faster outcomes.

Piyush Goyal said he had a forward looking discussion with Jamieson Greer recently.

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.