Will be significant ramp-up compared to 5-7% now
'They are already at about 5-7% of their manufacturing in India. If I am not mistaken, they are targeting to go up to 25% of their manufacturing'
Commerce and Industry Minister Piyush Goyal on Monday called for making a strong database of all startups in the country as it would belp both public and private sectors
He said FCI will follow the principle of zero tolerance for corruption and there is a need to ensure that there is not a single corrupt employee in FCI
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In June last year, members of the WTO agreed to grant a temporary patent waiver for the manufacturing of Covid-19 vaccines for five years
Goyal also emphasised upon the need for de-politicisation of the global supply of essential medicines
Two specific targets for this elevated engagement were semiconductors and defence production
The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023
Goyal co-chaired the India-US Trade Policy Forum meeting with US Trade Representative Katherine Tai on Wednesday
'I think in terms of GSP, I have not heard any significant clamour from the Indian industry. To focus our energies on the GSP issue, I have raised it today with my counterparts'
India and the United States are developing a mechanism for the Indian fishermen to be able to export shrimps for the American consumers, Union Commerce and Industry Minister Piyush Goyal said
India discussed with the US the inordinate delays in issuance of business visas to the people from India, and there has been a good resonance of it by the Americans, Union Minister Piyush Goyal said
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In a statement issued by the USIBC, Goyal said that "for the US companies looking for 'good times', this is the time, this is the right time, to look at India, and engage more with India
They also discussed developing security products through Research and Development, the Internet of Things and Artificial Intelligence
India is a land of opportunity, and the Indian diaspora should take this message to the world, he said
The TPF aims to iron out key trade and investment-related issues between India and its largest trade partner - the US
Negotiations for bilateral free trade agreements with several countries are "well on track" and India is also looking at some multilateral pacts Piyush Goyal said on Saturday
India must recognise and accept the importance of quality: Piyush Goyal