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Commerce Minister demands reciprocal access for Indian companies abroad

At an event organised by Exim Bank, Union Minister of Commerce & Industry and Railways Piyush Goyal said the government will stop other countries from participating in local contracts unless Indian firms are given a similar opportunity abroad. He added that this policy is "fair by all global standards". Hon'ble Minister also asked Exim Bank to study such conditions and give feedback so that the government can "stand up for your right to do business in those countries".

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GeM be made available for Common Man : Piyush Goyal at the inauguration of the 3rd Edition of National Public Procurement Conclave held in New Delhi on Dec. 5, 2019

In his inaugural address, Union Minister of Commerce & Industry and Railways Piyush Goyal said that GeM epitomizes the speed, skill and scale which is essential in an e-marketplace platform. He further said that GeM rests on the three pillars of openness, fairness and inclusiveness and is a symbol of a truly transparent e-marketplace.

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World class International Exhibition & Convention Centre: Cabinet approves developing 5-Star Hotel At Pragati Maidan

The Union Cabinet chaired by the Hon'ble PM Shri Narendra Modi has approved the plan and authorised India Trade Promotion Organisation (ITPO) to transfer 3.7 acres of land at Pragati Maidan on a 99 year fixed leasehold basis at a price of Rs. 611 crore in favour of the SPV, which will be formed by India Tourism Development Corporation (ITDC) and Indian Railway Catering and Tourism Corporation (IRCTC) for development and operation of a five-star hotel. The International Exhibition and Convention Centre (IECC) project is scheduled to be completed in the year 2020-21.

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Goa hosts 2nd edition of Startup India Global Venture Capital Summit 2019

The DPIIT in partnership with Government of Goa, organised the 2nd edition of the Startup India Global Venture Capital Summit, on 6th and 7th of December, 2019 for Fund Managers and Limited Partners of Top Global Venture Capital Firms. Speaking at the event, Union Minister of Commerce & Industry and Railways Piyush Goyal said the government is looking at deploying larger funds for startups through the banking process and simplifying regulations further.

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India following US model to set up computerised IPR office: Piyush Goyal

Responding during Question Hour, Union Minister of Commerce & Industry and Railways Piyush Goyal said the government has brought a lot of "sanity" to the working of eight areas of IPR, be it patent, copyright or trademark. On government's efforts to protect traditional knowledge, the minister said 3.6 lakh formulations which were part of traditional knowledge have now been made available to 13 patent offices across the world, due to which govt. was able to save about 236 cases which otherwise would have got patented somewhere else.

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