Piyush Goyal, Union Minister of Commerce and Industry, held a meeting with representatives from Export Promotion Councils (EPCs) on October 28, 2026. During the meeting, Goyal discussed the evolving global trade environment, emphasized the importance of Indian industry's agility, and highlighted India's potential as a manufacturing, sourcing, and investment destination.
On October 28, 2026, Piyush Goyal, the Union Minister of Commerce and Industry, met with representatives from Export Promotion Councils (EPCs) in New Delhi. The purpose of the meeting was to review the prevailing export scenario, discuss emerging opportunities and challenges in international trade, and deliberate on measures to further strengthen India’s export competitiveness.
During the interaction, Shri Goyal highlighted the evolving global trade environment, characterized by geopolitical uncertainties, changes in tariff structures, supply chain realignments, and emerging regulatory requirements in major international markets. He noted that these developments pose challenges for exporters but also present opportunities for India to strengthen its position as a reliable and competitive global trading partner.
Goyal emphasized the need for Indian industry to remain agile and responsive to the changing international business environment. He encouraged exporters to focus on improving product quality, innovation, cost competitiveness, reliability of supply, and compliance with international standards to enhance India’s participation in global value chains.
Referring to his recent international engagements, including visits to Germany and the Netherlands, Goyal highlighted the growing interest in India as a manufacturing, sourcing, and investment destination. He stressed the importance of translating these engagements into tangible business outcomes through sustained interaction between Indian industry and overseas businesses.
The Minister also emphasized the importance of effectively leveraging the opportunities arising from India's expanding network of Free trade agreements and economic partnerships. He emphasised that preferential market access under Free Trade Agreements must translate into increased exports, greater market penetration, and wider participation of Indian enterprises in international trade.
Shri Goyal encouraged EPCs to engage proactively with their international counterparts, identify potential buyers, and facilitate business partnerships in established and emerging markets. He also highlighted the need for a focused approach towards product and market diversification in response to changing global demand and emerging supply chain opportunities.
Source:
Press Information Bureau
