The government is working on support measures for exporters as the 50% tariffs imposed by US on Indian goods are expected to hurt labour-intensive sectors.
New Delhi: Union Commerce and Industry Minister Piyush Goyal, at the ‘Bharat Buildcon 2026’ curtain raiser event, said the government is committed to protecting industry from unilateral actions and ensuring stronger global competitiveness. Confident of higher exports this year, he stressed the Prime Minister’s vision of ‘Zero Defect, Zero Effect’ and ‘Daam Kam, Dum Zyaada’. Goyal also noted that recent FTAs and faster talks with many nations show growing interest in India and urged the industry to tap the Australian market as a game-changer.
At the event, he urged industry representatives to highlight sectors where alternative markets are required, assuring that the Commerce Ministry is reaching out to partners across the globe to open up new opportunities.
The Minister emphasised that, alongside global outreach, boosting domestic consumption remains a priority. The upcoming GST Council meeting, he noted, is expected to provide measures that will quickly stimulate demand and give a strong boost to domestic manufacturing.
Goyal also drew attention to the acute housing shortage in Australia, where nearly 1 million homes are required. He invited Indian businesses, workers and experts to seize this opportunity. Australia is open to financial collaboration, technical expertise and workforce support from India. Training and certification opportunities are also being offered so Indian professionals can meet Australian standards. If we miss this opportunity, we will have only ourselves to blame, he added.
Piyush Goyal further highlighted India’s expanding network of Free Trade Agreements (FTAs) with developed countries, including Australia, the UAE, Switzerland, Norway, Liechtenstein, Iceland and the UK, with negotiations ongoing with the European Union and others. According to him these agreements will further open global opportunities for Indian industries such as construction, steel, and allied sectors.
Bharat Buildcon is scheduled from April 29 to May 2, 2026, at Yashobhoomi Convention Centre, New Delhi, this has being positioned as India’s flagship international platform for the building and construction materials industry. With India’s building and construction market valued at over USD 1 trillion and employing millions, the event will provide a one-stop platform to highlight India’s capabilities across 37 allied sectors, including cement, ceramics, tiles, sanitaryware, paints, hardware, electricals and more.
Source : ETV Bharat
Date : 29/08/2025
Link : https://www.etvbharat.com/en/!business/government-to-soon-bring-various-measures-to-boost-exports-says-piyush-goyal-enn25082902499
