Ministry of Commerce & Industry News

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India Emerges as World’s Most Trusted Investment Destination, Says Piyush Goyal at Citi India Conference 2026

New Delhi, June 4: Union Commerce and Industry Minister Piyush Goyal on Thursday said India has emerged as the world’s most trusted investment destination, highlighting the country’s strong economic fundamentals, growing manufacturing capabilities and expanding global trade partnerships. Delivering the keynote address virtually at the Citi India Conference 2026 in Mumbai, Goyal said India continues […]

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Ministry of Commerce & Industry Says India Engaged with U.S. Over Proposed Tariffs Under Section 301 Investigation

New Delhi, June 3: The Ministry of Commerce & Industry has said that India is actively engaging with the United States following the conclusion of investigations by the U.S. Trade Representative (USTR) under Section 301 of the U.S. Trade Act, which could lead to additional tariffs on imports from several countries, including India. According to […]

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Ministry of Commerce & Industry Revises Wholesale Price Index Base Year to 2022–23, Introduces Producer Price Indices

New Delhi, June 2: The Ministry of Commerce & Industry has approved a major overhaul of India’s price measurement framework by revising the base year of the Wholesale Price Index (WPI) from 2011–12 to 2022–23 and introducing a new set of Producer Price Indices (PPIs). The updated indices will be officially released on June 15, […]

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India, Canada Reaffirm Commitment to Strengthen Bilateral Trade and Investment Partnership

New Delhi, May 29, 2026: India and Canada have reiterated their resolve to deepen economic cooperation and accelerate trade and investment engagement through stronger commercial partnerships and enhanced market connectivity. During high-level discussions held under the Canada-India Trade and Investment Forum, Canada’s Minister Sidhu and India’s Union Minister for Commerce and Industry Piyush Goyal emphasized […]

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Government Launches RELIEF Scheme to Support Exporters Amid West Asia Shipping Disruptions

New Delhi, Mar 19, 2026: The Government of India has approved a new initiative titled RELIEF (Resilience & Logistics Intervention for Export Facilitation) under the Export Promotion Mission to support exporters facing rising logistics costs and disruptions in West Asia. The move comes in response to escalating freight charges, insurance premiums, and war-risk surcharges triggered […]

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109th Meeting of Network Planning Group under PM GatiShakti

New Delhi | February 25, 2026: India’s push for integrated infrastructure planning gathered fresh momentum as the Network Planning Group held its 109th meeting to examine major connectivity proposals under the PM GatiShakti framework. The session took place at the Department for Promotion of Industry and Internal Trade under the Ministry of Commerce & Industry and […]

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Piyush Goyal Holds High-Level Talks in Brussels to Push India–EU Trade Pact Forward

Brussels/New Delhi: Union Minister for Commerce and Industry  Piyush Goyal has completed a crucial two-day visit to Brussels, reinforcing momentum in the ongoing negotiations for the India–European Union Free Trade Agreement (FTA). The visit, held on January 8 and 9, focused on resolving outstanding issues and accelerating progress towards a comprehensive trade deal between the […]

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DPIIT Partners with Kotak Mahindra Bank to Boost Startup Ecosystem in India

New Delhi, October 23, 2025: The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to strengthen support for startups in India. The collaboration is intended to offer a comprehensive framework for startups to access customized […]

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