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Search resuls for: "Industry Piyush Goyal"


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☆ Watch CNBC's full interview with India's Minister of Commerce and Industry Piyush Goyal
  + stars: | 2024-09-25 | by ( Tanvir Gill | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with India's Minister of Commerce and Industry Piyush GoyalCNBC's Tanvir Gill spoke to Indian Commerce and Industry Minister Piyush Goyal in an exclusive interview. He explained why it was not in India's interest to be part of a free trade agreement with China, as well as the country's semiconductor ambitions.
Persons: Tanvir Gill, Piyush Goyal Organizations: India's, Commerce, Industry, Indian Commerce and Industry Locations: China
☆ India rules out joining world’s largest trade deal, accuses China of 'very opaque' trade practices
  + stars: | 2024-09-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
Anadolu | Anadolu | Getty ImagesIndia's commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world's largest trade deal, maintaining that it is not in the country's interest to be part of a free trade agreement with China. Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved "core interest" issues. Goyal noted that at that time, India already had a free trade agreement with ASEAN, Japan and Korea, as well as a bilateral trade with New Zealand worth $300 million. "It was not in our farmers' interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China," he said.
Persons: Industry Piyush Goyal, CNBC's Tanvir Gill, Goyal, RCEP Organizations: Anadolu, Getty, Regional Comprehensive Economic, ASEAN, Commerce, Industry, —, Association of Southeast Asian Nations, RCEP, New Zealand, Trade, Semiconductor Locations: China, India, Asia, South Korea, Japan, Australia, New Zealand, Korea
☆ Biden to announce $34 billion Boeing and Air India deal
  + stars: | 2023-02-14 | by ( Nikki Carvajal | ) edition.cnn.com   time to read: +3 min
CNN —Air India will purchase more than 200 planes from Boeing, a White House official says President Joe Biden will announce Tuesday. The agreement will include 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs – a total of 220 firm orders valued at a list price of $34 billion, the official says. The purchase will also include customer options for an additional 50 Boeing 737 MAXs and 20 Boeing 787s, totaling 290 airplanes for a total of $45.9 billion at list price. The company has not announced any sales to a Chinese passenger airline since November 2017, and the country banned the Boeing 737 Max for much longer than most countries. A Boeing 737 Max finally took off in China in January for the first time since 2019.
☆ Is the iPhone's 'Made in India' era beginning as Apple breaks with China?
  + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com   time to read: +9 min
Minister of Commerce and Industry Piyush Goyal said Apple was already making between 5% and 7% of its products in India. His comments come at a time when Foxconn (HNHPF), a top Apple supplier, is looking to expand its operations in India after suffering severe supply disruptions in China. For years, Apple had relied on a vast manufacturing network in China to mass produce iPhones, iPads and other popular products. China headaches mountBut the world’s most valuable company posted shockingly weak earnings this month, partly because of its recent problems in China. According to Counterpoint’s Pathak, India accounts for 16% of the global smartphone production, while China constitutes 70%.
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