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Leading Italian companies have pledged substantial new investments in India following a high-level meeting with Union Commerce Minister Piyush Goyal in Milan, marking a significant deepening of economic ties between the two countries.The engagement brought together top executives from key Italian industrial sectors—commercial refrigeration, aerospace and defence, and technical gases—each
US President Donald Trump has announced that senior American and Chinese officials will meet in London on Monday, June 9, 2025, in an effort to resolve ongoing trade disputes between the world’s two largest economies. This development follows a rare, 90-minute phone call between Trump and Chinese President Xi Jinping, during which both leaders reportedly made progress on several complex issues
Negotiations for a landmark India-United States Bilateral Trade Agreement (BTA) have resumed in New Delhi, with high-level US trade officials joining their Indian counterparts for intensive discussions aimed at transforming the economic partnership between the two countries.Commerce and Industry Minister Piyush Goyal confirmed the arrival of the US delegation and indicated that talks are
Defence Minister Rajnath Singh is poised to raise with Finance Minister Nirmala Sitharaman the contentious issue of the 18% Central Goods and Services Tax (GST) imposed on grants awarded to private companies—including MSMEs and start-ups—for military research and development (R&D). This matter has gained urgency following a series of GST notices sent to private sector innovators who
External Affairs Minister S Jaishankar met with Uzbekistan’s Foreign Minister Bakhtiyor Saidov in New Delhi on June 5, 2025, to discuss a broad range of issues aimed at strengthening the strategic partnership between India and Uzbekistan.The meeting focused on deepening cooperation in connectivity, investment, trade, and energy sectors, reflecting both countries’ commitment to advancing their
Union Minister for Commerce and Industry Piyush Goyal met with Israel’s Minister of Economy Nir Barkat in Paris on June 3, 2025, where they discussed diversifying the trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors.This meeting is part of broader efforts to deepen economic ties between India and Israel, focusing on innovation-driven
Union Minister for Commerce and Industry Piyush Goyal, during his official visit to France, addressed the India-France Business Conference, where he emphasized the significant ‘India Opportunity’ for French companies.Goyal highlighted that India’s skilled and talented workforce, combined with the government’s ongoing commitment to improving the ease of doing business, presents a robust
India’s recent economic milestones and ambitious future targets were highlighted by Vinay Mohan Kwatra, the country’s Ambassador to the United States, in a series of high-level engagements and public remarks. India has surpassed Japan to become the world’s fourth-largest economy, with its GDP reaching $4.1 trillion.Prime Minister Narendra Modi has set a near-term goal of achieving a $5 trillion
US Commerce Secretary Howard Lutnick has expressed strong optimism about the imminent finalisation of a trade deal between the United States and India. Speaking at the US-India Strategic Partnership Forum, Lutnick indicated that both nations have found common ground that "really works for both countries," suggesting a breakthrough in the often complex and protracted trade negotiations between the
French Foreign Trade Minister Laurent Saint-Martin, following his meeting with Indian Commerce and Industry Minister Piyush Goyal in Paris, reaffirmed that France is "one of India’s best economic partners" and emphasised the potential to further strengthen bilateral ties through reforms, stability, innovation, and enhanced market access between the EU and Indian markets.Saint-Martin expressed