Piyush Goyal flags India as safe harbour, oasis for global investors
· Business · Hindustan Times, The Hindu
Commerce and industry minister Piyush Goyal declared India a safe harbour and oasis for global investors at the 31st Partnership Summit in Visakhapatnam on Thursday. He cited proposed deals and stated India would have preferential market access to nearly $85 trillion of GDP. Goyal highlighted that India has finalised free trade deals with countries representing a combined $70 trillion in GDP, with plans to add another $15 trillion soon. He compared India's trade policy to the 800-year-old Motupalli pillar inscription, promising fair duties and cargo protection for investors. Officials noted India is in an advanced stage of finalising a free trade agreement with Canada.
Why it matters
The announcements could significantly expand market access for Indian businesses and services, offering investors greater predictability amid global trade turbulence.
Read the original report — Hindustan Times
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