India and the United Kingdom will launch negotiations on free trade agreement (FTA) by November 2021. The decision was taken at a meeting between Commerce and Industry Minister Piyush Goyal and his British counterpart Secretary of State for International Trade Elizabeth Truss. British Prime Minister Boris Johnson is anxious to...
Developing Supply Chain Alternatives to China
Australia and Japan have allied with India to nurture alternatives to China in the global supply chain. China is not mentioned in the news release, but is the main reason that this initiative exists. Dan Tehan, Australia’s Minister for Trade, Tourism, and Investment, Piyush Goyal, India’s Minister for Commerce and...
Climate Envoy John Kerry Visits New Delhi
On the heels of Defense Secretary Lloyd Austin's three day stay in India, President Joe Biden sent another top aide for high level meetings in New Delhi. This highlights the importance placed on India by the Biden-Harris Administration. Special Presidential Envoy for Climate John Kerry met with Indian Prime Minister...
India's Ranking on Global Innovation Index Improves
According to the annual edition of the Global Innovation Index (GII), released on July 24, 2019, by the World Intellectual Property Organization, India improved its ranking by five places to 52nd from 57th position last year. The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing...
India to Ease FDI Rules for Local Sourcing in Single Brand Retail
whilePresenting her maiden budget early this month, India's Finance Minister Nirmala Sitharaman announced that FDI inflows into India have remained robust despite global headwinds. " While Global FDI f slid by 13 percent in 2018 to $1.3 trillion, India’s inflows remained strong at $64.37 billion and grew 6 percent over...
Action Oriented Goyal Adds Commerce to Railways
One of the most action-oriented leaders in the Modi government has now been given charge of the Ministry of Commerce and Industry, in addition to that of the Indian Railways. Born in Mumbai on June 13, 1964, Piyush Goyal is a CPA and holds a degree in Law. Growing up...