Piyush Goyal

The minister highlighted that ONDC will foster economies of scale, competition and better pricing along with quality that will ultimately benefit consumers

The minister said that logistics has become the centerpiece of India's policy making in its journey towards becoming a developed nation and a leader in international trade

Unlike previous policies that were announced for five years, the FTP 2023 reportedly has no end date and will be updated as needed

The minister also said that the consumer industry in India, and FMCGs have been victims of indiscriminate low-quality imports because of which people have suffered

According to reports, the country's merchandise and services exports touched an all-time high of $422 billion and $254 billion, respectively, in 2021-22

As per reports, currently EU is India's third largest trading partner, accounting for $88 billion worth of trade in goods in 2021, whereas India is the EU's 10th largest trading partner accounting for 2.1% of EU total trade in goods in 2021

As India enters the Amrit Kaal, he shared that India had all the potential to achieve a $47 trillion economy target on its centennial anniversary

The minister further highlighted about the opportunity for the sector from across the world especially in the wake of the COVID-19 pandemic and exhorted the industry to seize it

According to the minister, this network must support and inspire startups, act as a team to facilitate exchange of ideas, best practices and funding mechanisms and promote collaborations in research and development

Information technology minister Ashwini Vaishnaw on Monday tweeted that Apple's exports from India had hit $1 billion in December

The minister reportedly said that the database can help the government in its procurement of goods and services

On October 13, Prime Minister Narendra Modi had launched the GatiShakti – National Master Plan (NMP), aimed at developing an integrated infrastructure to reduce logistics costs

Kemi Badenoch also added that India has the most student visas that the UK issues, but an FTA is on trade that focus on trade matters, rather than bringing in other things that are not specific to it

Currently, there are over 13 business IDs that use EPFO number, ESIC number, GSTN, TIN, TAN and PAN to apply for government approvals, according to reports

The Union minister said that he believes whoever comes into the government in the United Kingdom will be wanting to engage with India

The minister said that the energy security in small villages will be the next big thrust area for the Centre

Goyal also said that India will become a $30 trillion economy with 25 per cent share in exports by 2047

The commerce and industry minister also said that there is a need to tap into more sources of capital as that can give a fillip to the small business sector

The commerce and industry minister also advised the industries to focus mainly on five areas including quality, increased value addition in India and focus on new markets

The Indian semiconductor market stood at $15 billion in 2020 and is estimated to reach $63 billion by 2026

The ministry issued a statement in which it is said that the number of network participants on the platform would soon be above 30 in the upcoming weeks