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bt correspondent

BT Correspondent

Piyush Goyal during a meeting with Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa, and State Secretary for Foreign Trade Hakan Jevrell, in Sweden

On track for FTA with EU before end of this year: Piyush Goyal

by BT Correspondent |Jun 12, 2025

A key focus remains on dismantling non-tariff barriers to ensure smoother, two-way trade flows. An eye for an eye will make the whole world blind,” Goyal said, adding, “unless countries recognise that...

India is now the top investment destination for Swedish companies, according to Business Sweden data.

Indian business leaders court Swedish industry for investment in India

by BT Correspondent |Jun 12, 2025

Top Indian business leaders have urged Swedish companies to step up investments in India, citing the country's unmatched growth potential. At a Stockholm summit, they pitched India as the most promisi...

Swedish minister Benjamin Dousa noted that India, the world’s fastest-growing major economy, could cement its status as a premier manufacturing hub by attracting more foreign direct investment.

Sweden pushes for swift EU-India free trade pact

by BT Correspondent |Jun 11, 2025

Sweden has called for a swift conclusion of the long-pending EU-India free trade agreement, citing over-regulation on both sides. Minister Benjamin Dousa said reducing tariffs and easing compliance co...

Commerce minister Piyush Goyal with Jean-Pascal Bobst, CEO of Bobst Group, and Helene Budliger Artieda, State Secretary.

Confident about $100 bn EFTA investment into India over 15 years: Swiss minister

by BT Correspondent |Jun 10, 2025

Helene Budliger Artieda, State Secretary at the Swiss State Secretariat for Economic Affairs, emphasized that Swiss companies are well-positioned to deliver on this ambitious commitment, driven by the...

Union Minister Piyush Goyal dismissed allegations of IP theft by Indian pharma as baseless, asserting India’s strong IPR regime and opposition to patent evergreening.

‘Myth that Indian pharma steals IP’: Piyush Goyal’s strong rebuttal of allegations of patent theft

by BT Correspondent |Jun 10, 2025

Responding to media questions in Bern, Goyal termed the claims as “myths” with no factual basis. “Show me one instance where we have illegally copied any trademarks, patents, or copyrighted technology...

Commerce and Industry Minister Piyush Goyal

India offers tailored industrial zone for Swiss firms

by BT Correspondent |Jun 10, 2025

Piyush Goyal proposed the establishment of a dedicated enclave for Swiss companies in India

Under TEPA, India will reduce or eliminate import duties on various products including Swiss watches, chocolates, and cut and polished diamonds.

India-EFTA trade pact to enhance stability, predictability in bilateral ties: Piyush Goyal

by BT Correspondent |Jun 10, 2025

The Trade and Economic Partnership Agreement (TEPA), signed on March 10, 2024, commits EFTA members to invest $100 billion in India over 15 years.

Commerce Minister Piyush Goyal

Govt plans scheme to support MSME exporters in global markets

by BT Correspondent |Jun 10, 2025

Commerce and Industry Minister Piyush Goyal said the scheme would cover the entire cost of registration for new products in new markets, especially for first-time exporters.

In a recent statement, Commerce and Industry Minister Piyush Goyal emphasized that India's FDI has actually seen a significant boost of 143% in the last eleven years.

FDI inflows remain strong despite global volatility: Piyush Goyal

by BT Correspondent |Jun 10, 2025

FDI during the last fiscal year grew 14% compared to 2023–24 (USD 71.3 billion). Equity inflows, reinvested earnings, and other capital together pushed total inflows to USD 81.04 billion.

Goyal’s remarks come as India continues to attract significant foreign investment and post record-high GDP growth among major economies. (File photo)

India’s economic rise in Modi’s 11 years: From ‘Fragile 5’ to Global Top 5’: Piyush Goyal

by BT Correspondent |Jun 10, 2025

Pointing to improvements in India’s financial credibility, the Minister noted a significant drop in the country’s sovereign borrowing costs. Goyal said the narrowing yield gap reflects growing global ...