Piyush Goyal Reviews Tariff Impact On Exports Assures Support To Industry

(MENAFN- KNN India) New Delhi, Sep 4 (KNN) Union Minister of Commerce and Industry Piyush Goyal on Wednesday chaired a meeting with Export Promotion Councils (EPCs) and industry associations to review the impact of rising global tariffs and discuss measures to safeguard India's trade competitiveness.

Senior officials from the Department of Commerce and the Directorate General of Foreign Trade (DGFT) also participated.

The deliberations focused on recent tariff increases imposed on certain Indian products in key international markets.

Exporters flagged concerns over reduced competitiveness and sought targeted, sector-specific support to mitigate the impact.

Goyal reaffirmed the government's commitment to protecting exporters' interests, stating that efforts are underway to create an enabling environment and ensure sustained export growth.

He urged exporters to focus on upgrading product quality, meeting global standards, diversifying supply chains, and exploring new markets.

Representatives from sectors including textiles, apparel, engineering, gems and jewellery, leather, medical devices, pharmaceuticals, agriculture, and services presented their concerns.

While welcoming the government's proactive engagement, industry groups assured full cooperation in strengthening India's trade resilience.

Highlighting the need for long-term solutions, Goyal stressed that India's broader strategy is to expand domestic manufacturing and boost exports while easing compliance and addressing sectoral bottlenecks.

He said the government would continue to support exporters through ease of doing business measures, targeted trade interventions, and timely policy support.

Industry associations broadly agreed on the importance of exploring alternative mechanisms and diversifying markets in response to global tariff challenges.

(KNN Bureau)

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