Minister also scheduled to meet US medical devices' association
India says supports FTA talks with EU after refusing to join China-led accord
Piyush Goyal said India was exploring trade agreements with the United States and the European Union to allow manufacturing and services sectors to benefit from access to large developed markets
He said the services sector has huge potential and it contributes in a significant way to the Indian economy.
Among other issues, Commerce and Industry Minister Piyush Goyal will be under pressure in Bangkok to negotiate a proposed import cap for China, which has been strongly resisted by Beijing
"India can't be isolated. You can't have a situation where you expect all the benefits of multilateralism but will not give any benefit to anyone," Goyal said
Addressing a state consultation workshop on Make in India, the minister said India would enter into any FTA or comprehensive partnership on its own terms
India has remarkably improved in ease of doing business, reported World Bank in its ease of doing business 2020 survey
It is the team which has got the Nobel Prize, not only Banerjee.
Goyal said the government would protect national interest first and does not fritter away FTAs like "we saw in 2009-10 period of Congress regime, where agreements were done in a hurry"
Goyal told a business conference that he was hoping to meet United States Trade Representative Robert Lighthizer soon
Priyanka Gandhi was attacking Union minister Piyush Goyal after Goyal said Nobel Laureate Banerjee is left leaning and the idea of NYAY proposed by Congress was rejected by the people of India
Banerjee recently said the Indian economy is on a shaky ground, adding data currently available does not hold any assurance for the country's economic revival anytime soon
CAIT had in a letter on Monday urged Goyal to order an audit into the business model of all e-commerce firms
Goyal said India is looking forward to more investments from the United States and there are no trade disputes between both the nations
Talking about these differences he also said that a little uncertainty in any relation is also good for having healthy bilateral relations
This was the last ministerial-level meeting as only a few issues like rules of origin are pending for finalisation
CAIT says there must be a govt audit of how e-commerce portals function, including the business done by sellers and their authenticity
Representatives of the PHD Chamber of Commerce, exporters, activists and experts attended the meeting
External Affairs Minister S Jaishankar's remarks come as U.S. Commerce Secretary Wilbur Ross and his Indian counterpart Piyush Goyal are holding talks in New Delhi.