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Goyal meets industry leaders to chart course for US$2 tn in total exports
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Wednesday, 29 April, 2026, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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Union Minister for Commerce and Industry Piyush Goyal met with industry leaders at Bharat Mandapam to chart a course toward a bold new milestone of USD 2 trillion in total exports by 2030.
Following the signing of the India–New Zealand Free Trade Agreement (FTA), the meeting highlighted the critical role of the food and agriculture sectors in India’s global trade strategy. Goyal revealed that India’s exports hit a record USD 860.09 billion in FY 2025–26, with agri-based products maintaining strong momentum despite global supply chain disruptions.
Key agricultural bodies including Seafood Exporters Association of India (SEAI), Agricultural and Processed Food Products Export Development Authority (APEDA), Shellac & Forest Products Export Promotion Council (SHEFEXCIL), Indian Oilseeds and Produce Export Promotion Council (IOPEPC), were urged to capitalise on new FTAs with developed economies. The Minister emphasised that these deals are essential for reaching premium markets, bringing small farmers into the export ecosystem, and using technology to shift from raw commodities to high-value processed foods.
During the session, the Directorate General of Foreign Trade (DGFT) outlined a KPI-based framework to ensure industry bodies act as ‘equal partners’ in growth. While representatives raised concerns over compliance costs and MSME hurdles, Minister Goyal assured continued government support and targeted interventions to enhance the ease of doing business.
A statement by the Ministry of Commerce stated that the meeting, attended by 30 Export Promotion Councils, reaffirms India's commitment to becoming a trusted global supply partner.
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