Piyush Goyal highlighted that the government has not been able to pass on the benefits of the remission of duties and taxes on exported products (RoDTEP) to the sector due to a lack of funds
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On the proposed carbon border tax, Goyal suggested that 4-5 top steel leaders engage in talks with him to deliberate the issue, which aims to level the playing field by imposing taxes on imported steel that currently avoids domestic levies
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Emphasising the need for partnership within the industry, the Commerce and Industry Minister said that there is a need to engage within the industry not only with the international players.
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He shared that the BMC has agreed to allocate 50,000 sq. ft. for a training centre and 20,000 sq. ft. for a hostel. The Centre is expected to be operational within 6-8 months through the PPP (Public-Private Partnership) model
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The minister had said the predatory pricing and huge discounts by big e-commerce players will create a disruption in the businesses of India's 100 million small retailers and the government is concerned about that
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A 2021 Reuters investigation revealed that Amazon's internal documents showed the company aided select vendors on its Indian platform by offering reduced fees and circumventing foreign investment regulations
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Union Minister Piyush Goyal states that ecommerce is eating into the small retailers’ high-value, high-margin products which are the only products through which they survive
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The minister also congratulated Sunil Bharti Mittal, Rajan Bharti Mittal and Rakesh Bharti Mittal of Bharti Enterprises on this significant milestone
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India is the world's second-largest manufacturer of footwear, and Goyal says the country has to become the world's largest manufacturer going ahead
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Piyush Goyal calls for deeper integration amongst the member nations to provide honest feedback and help strengthen trade facilitation and cross-border movement of goods
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