Summary:

In view of shifting global economic conditions, Union Minister of Commerce and Industry Piyush Goyal emphasized India's focus on increasing exports, expanding the use of Free Trade Agreements (FTAs), and drawing in foreign investments. He stated that through deeper integration with global value chains, India is attempting to increase competitiveness, diversify export markets, and bolster supply-chain resilience. He emphasized that India's expanding network of free trade agreements (FTAs) and Comprehensive Economic Partnership Agreements (CEPAs) will open up new business prospects for manufacturers, investors, and exporters in a variety of industries. In order to promote export expansion and investment inflows, the government is also raising awareness of and utilizing free trade agreements. Goyal mentioned continued efforts to fortify alliances with multinational corporations in the fields of electronics, textiles, luxury goods, food processing, and advanced manufacturing.

Source: IBEF

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