1. Home
  2. Market Intelligence
  3. Market News
Back
11 Jun, 2025 News Image We are 'really very near' to concluding FTA with EU: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Tuesday said India and the 27-nation EU bloc are "really very near" to concluding talks for the proposed free trade agreement, with only a few issues left to be resolved. He said India and the European Union (EU) have both agreed to respect each other's sensitivities so that they do not let the irritants hold back agreements."I would believe that in the case of the European Union, we are really very near. I think we are very close to finalizing a very good, robust free trade agreement with the EU faster than most people would imagine," Goyal told reporters here.
 Source:  https://economictimes.indiatimes.com
11 Jun, 2025 News Image India's story - in 30 years from 270 billion to 4 trillion dollars: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Tuesday highlighted India's remarkable economic performance, stating that the country has surged from a USD 270 billion economy to USD 4 trillion in just three decades. Addressing the Swissmem Industry Day in Switzerland, Goyal said India aspires to be a USD 30-35 trillion economy by the time the country marks 100 years of independence.
 Source:  https://economictimes.indiatimes.com
11 Jun, 2025 News Image Goan feni is GI-tagged: A milestone for this homegrown spirit
Goa has achieved a milestone moment as Ozzo Feni, produced by Cazcar Distillery in Nanora village near Panaji, has become the first-ever feni to receive a Geographical Indication (GI) tag in India. This means that feni is now recognised for its unique preparation in a specific geographical location (Goa, in this case) and protects it from other imitations and increases its marketability factors both domestically and internationally.
 Source:  https://www.hindustantimes.com
11 Jun, 2025 News Image India will certainly cross $825 bn exports in FY26: Commerce minister
Despite the impact of conflicts such as the Russia–Ukraine war, the Israel–Hamas war, and the Red Sea crisis, India recorded its highest-ever exports in 2024–25, reaching $825 billion, up from $778 billion in FY24. “The world is going through severe geo-political challenges. So, these are challenging times, but India has always emerged (as) a winner in challenging times and we did a record $825 billion in exports in 2024–25. This year, we hope to do much better,” Goyal told news agency PTI. Goyal also said the proposed national e-commerce and retail trade policies remain under discussion, given their interlinked nature. “We did come out with certain ideas, but I think we will have to revise the policy to make it more contemporary, and it is under discussion,” he added. The Department for Promotion of Industry and Internal Trade (DPIIT) has asked the National Traders’ Welfare Board to suggest inputs for drafting the national retail trade policy.
 Source:  https://www.business-standard.com
11 Jun, 2025 News Image Malaysia's ASEAN Chairmanship To Boost India Trade, Investment Ties: Official
Highlighting the critical role of India as a strategic ASEAN partner, he said, “In today’s complex global environment, it is very important for both countries to collaborate in strengthening our global supply chains for sustainable growth.” He noted that India and Malaysia share strong historical ties that must be further deepened through mutual trade and technology exchange. Malaysia recorded economic growth worth USD 18.25 billion in 2024, with palm oil being its top export to India. In contrast, petroleum products form the bulk of India’s exports to Malaysia. He also informed that Indian companies have invested USD 2.87 million in Malaysia. Electrical and electronics was underscored as a key sector for collaboration, along with digital innovation and data Centre development. “India’s strength in software and digital solutions can play a crucial role in boosting Malaysia’s digital economy,” he added, pointing to recent major investments by global tech giants such as Microsoft and Amazon in Malaysia’s data infrastructure.
 Source:  https://www.businessworld.in/
10 Jun, 2025 News Image Union Commerce and Industry Minister Shri Piyush Goyal Commences Official Visit to Switzerland and Sweden to Strengthen Economic and Trade Partnerships
Union Minister of Commerce and Industry, Shri Piyush Goyal, commenced his official visit to Switzerland on 9th June 2025, as part of his ongoing visit to Switzerland and Sweden from 9–13 June 2025. This visit underscores India’s steadfast commitment to deepening strategic and economic partnerships with key European nations, advancing robust trade and investment ties, and supporting a shared vision for resilient global growth.
 Source:  https://www.pib.gov.in/
10 Jun, 2025 News Image India always ready to conclude trade pact with low hanging fruits: Piyush Goyal on US trade deal
India is keen to finalize a trade agreement with the US by initially focusing on easily achievable aspects, according to Commerce Minister Piyush Goyal. Discussions are underway in New Delhi, with hopes of an interim deal before July 9. Both nations aim to significantly increase bilateral trade to USD 500 billion by 2030, building on the existing USD 191 billion.
 Source:  https://economictimes.indiatimes.com/
10 Jun, 2025 News Image Good chance that India and EU will finalize trade deal by year-end: Finnish ambassador
Finland's Ambassador Kimmo Lahdevirta is optimistic about finalizing the India-EU trade deal by year-end, highlighting the "historic" EU Commissioners' visit to India. He inaugurated Finland's honorary consulate in Ahmedabad, emphasizing the deepening partnership and growing business interest. Several Finnish companies are keen to invest in Gujarat, focusing on sectors like clean energy and sustainable solutions.
 Source:  https://economictimes.indiatimes.com/
10 Jun, 2025 News Image India-EFTA trade pact to come into effect in September: Piyush Goyal
India’s trade pact with the European Free Trade Association (EFTA)—comprising Switzerland, Norway, Iceland, and Liechtenstein—will take effect by September, Commerce Minister Piyush Goyal said. The deal includes a $100 billion investment commitment over 15 years.
 Source:  https://economictimes.indiatimes.com
10 Jun, 2025 News Image Union Agriculture Minister Shri Shivraj Singh Chouhan Meets Farmers in Telangana
Under the 'Viksit Krishi Sankalp Abhiyan', Union Agriculture and Farmers Welfare Minister Shri Shivraj Singh Chouhan interacted with farmers in Telangana today. He first visited Mansonpally village in Telangana’s Ranga Reddy district to interact with farmers, followed by a Kisan Chaupal at Ramachandraguda village. During the interactions, farmers informed the Minister that they are adopting diversification and integrated farming practices, which have helped boost both their production and income. After the Kisan Chaupal, Shri Chouhan addressed the farmers at a programme organized in Mangalpally, Ibrahimpatnam. Shri Chouhan remarked that agriculture is the backbone of the Indian economy, and farmers are its soul. He said, “I am wholeheartedly committed to fulfilling the responsibility entrusted to me by Prime Minister Shri Narendra Modi. Today marks the completion of the first year of his third term in office, and I extend my warm congratulations and heartfelt wishes to him.”
 Source:  https://www.pib.gov.in