Piyush Goyal

The India of today is negotiating trade deals from a position of strength and confidence that it can offer a future market of USD 35 trillion. That’s what is our negotiating strength.

The US has reduced tariffs on Indian exports from 50 percent to 18 percent, putting India at a distinct advantage over competitors like China (35 percent) and Bangladesh/Vietnam (20 percent). Several key Indian sectors will now enjoy zero tariffs.

Through our missions, we are reaching out to other parts of the world to look at other opportunities, other markets which we can capture. I can confidently say that this year our exports will surpass last year’s.

Europe doesn’t have a national grid. The United States doesn’t have one either. But India does. This makes us one of the best places in the world for data centre investments.

Canada and India are natural allies. We don’t compete with each other. We actually complement each other. The strengths of Canada and India together can become a force multiplier for businesses and investors.

In this new geopolitical and geo-economic order, India is working on self-reliance. We are building capabilities, supply chains, and value chains which can give us an end-to-end assurance that we will not be subject to any weaponisation of trade.