India pushes domestic manufacturing, exports

Piyush Goyal>>>, India>>>'s Commerce and Industry Minister, has urged domestic industries and traders to identify goods for local manufacturing to reduce import dependence and boost exports. He highlighted India>>>'s export growth to $863.11 billion in 2025-26 despite global uncertainties and set ambitious targets of $1 trillion for the current year and $2 trillion within five years. Goyal emphasized the importance of quality, competitiveness, and scale, and noted that Free Trade Agreements (FTAs), including one with Oman>>> expected to be operational by June 1, will provide preferential market access. He also called for increased value addition in agricultural exports and launched a portal for the Bhartiya Vyapar Mahotsav to promote 'Made in India>>>' goods. The minister stressed the need to strengthen the spirit of Swadeshi and reduce reliance on foreign countries, especially in sectors like capital goods, by encouraging industrial clusters in cities like Rajkot, Jalandhar, Ludhiana, Batala, and Pune to enhance domestic production.