India wants free flow of goods but it has to be 'reciprocal': Piyush Goyal

Topics Piyush Goyal | imports | Exports

Union Commerce and Industry Minister Piyush Goyal speaks at ‘DPIIT-FICCI Partnership Forum on Public Procurement for Make in India’, organised by FICCI and DPIIT | Photo: PTI

Stressing that India invites and encourages investment, Union Minister Piyush Goyal on Monday asserted that the government wants to allow the free flow of goods from other countries but it has to be "reciprocal".

"We invite and encourage investment. We want to allow the free flow of goods but it has to be reciprocal. It cannot be one-sided and that is the effort that the government of India is doing, said Union Commerce and Industry Minister Piyush Goyal at India Virtual Fast-Moving Consumer Goods (FMCG) Supply Chain Expo 2020 on Monday.

Highlighted that there are countries that do not allow Indian steel to enter their markets, he questioned that "What right do they have to insist that India should be an open import market for any and everything that they want to import into India?"

He added that Indian products deserve "fair access in their countries" before they can expect complete unlimited access in the Indian market.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel