Share innovative strategy and best practices, says Goyal
Minister of Commerce and Industry Piyush Goyal has called for proactive trade intelligence gathering, including updates on market trends, sectoral developments and regulatory frameworks https://www.commerce.gov.in/.
He also wants sharing of innovative strategy and best practices, that yielded good results in trade promotion and attracting investment into India.
The Minister made the call after interacting with Heads of the Commercial Wings posted in 74 Indian Missions abroad across 61 countries through video conference on 16 July 2025 to review and strengthen India’s global trade and commercial engagement strategy http://mea.gov.in.
During the meeting, key Indian Missions made detailed presentations on trade promotion activities, challenges in market access, and sectoral insights.
The Minister acknowledged the Missions as the first point of contact for India’s commercial and economic diplomacy, underscoring their responsibility in promoting Indian exports and facilitating stronger engagement with host countries https://www.bseindia.com/.
In his address, the Minister emphasized the need for:
Focus on 4 KPIs i.e., Investment, Trade, Tourism and Technology, which are pillars for India’s growth.
Regular dissemination of trade advisories to identify demand-supply gaps and opportunities for Indian exporters.
Strategic interventions to address Market Access Barriers including Non-Tariff Barriers (NTBs), Sanitary and Phytosanitary Measures (SPS), and Technical Barriers to Trade (TBT).
Enhanced alignment between Missions and the Department of Commerce through data-driven planning and effective use of digital platforms like the DGFT Trade Connect Portal.
Collaborative efforts to support India’s objectives in multilateral forums such as the WTO, especially in key areas like agriculture, public stockholding for food security, and fisheries subsidies.
The meeting also addressed operational and logistical challenges, including the need for adequate resources, efficient posting of commercial officers, and improved coordination to support initiatives under the Make in India and Production Linked Incentive (PLI) schemes https://www.nseindia.com/.
The Minister called for greater synergy among Missions, Export Promotion Councils (EPCs), and Indian industry stakeholders to achieve the nation’s ambition of becoming a global export powerhouse https://sbi.com.in/.
Prior to the Minister’s interaction with the mission, the Commerce Secretary started the interaction emphasizing the critical role of Indian missions at abroad for overall growth of Indian export and investment in India to achieve the goal of vision 2047, said the Ministry of Commerce and Industry. Fiinews.com
