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Commerce Ministry to merge Mumbai regional offices into one building to cut costs and speed approvals

Commerce Ministry to merge Mumbai regional offices into one building to cut costs and speed approvals

The Union Commerce and Industry Ministry is planning to co-locate its scattered regional offices in Mumbai into a single location to boost efficiency and reduce administrative costs. After a meeting with senior officials, Minister Piyush Goyal said around 20 offices across 12 organisations currently operate at different sites, occupying lakhs of square feet and carrying separate housekeeping, security and admin expenses. The plan aims to create a one-stop ecosystem for exporters, MSMEs and startups, with modern conferencing to connect businesses to 46 organisations.

Summarised by Beize from a story on The Economic Times on 15 May 2026
India EU FTA could touch 2 billion people while covering a third of world trade Commerce Ministry says

India EU FTA could touch 2 billion people while covering a third of world trade Commerce Ministry says

India’s Commerce Ministry says the India-EU Free Trade Agreement will cover nearly one-third of global trade and potentially affect about 2 billion people, calling it one of the biggest deals ever. Officials describe it as “mother of all deals,” reaching almost one fourth of global GDP and around $11 trillion in trade. The pact goes beyond tariffs, including services, digital trade, telecom, financial services, IP and regulatory practices. Businesses also flagged automotive tariff reductions and asked for clear rollout timelines.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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India plans 500 trade delegations and training to supercharge FTA usage under Goyal

India plans 500 trade delegations and training to supercharge FTA usage under Goyal

India is ramping up efforts to make free trade agreements work better for exporters and investors. Under Piyush Goyal, the commerce ministry plans to dispatch 500 delegations abroad and train 1,000 people to strengthen industry outreach, including engagement with 1,600 industry chambers. The focus is increasing exports, attracting investment, and meeting export targets.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Commerce Secretary urges India to fully use new FTAs for services investment gains

Commerce Secretary urges India to fully use new FTAs for services investment gains

Commerce Secretary Rajesh Agrawal has urged Indian industry to actively leverage newly signed free trade agreements, arguing they hold major trade and investment potential. He stressed that modern FTAs extend beyond tariff cuts, covering services and regulatory cooperation, which can build a more predictable environment for investors and improve business outcomes.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Govt builds export monitoring framework to hit 2 trillion export goal by FY31

Govt builds export monitoring framework to hit 2 trillion export goal by FY31

India is rolling out a new export monitoring framework to achieve the $2 trillion target by FY31. The Commerce Department’s plan sets clear KPIs and timelines for priority sectors including engineering, textiles and services, with emphasis on tight inter-department coordination. Progress will be tracked through an IT platform, alongside efforts to strengthen “Brand India.”

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Govt to fix inverted duty structure in Budget for 13 to 14 products, boosting local manufacturing

Govt to fix inverted duty structure in Budget for 13 to 14 products, boosting local manufacturing

Ahead of the Union Budget on February 1, the government is considering changes to an “inverted duty structure” affecting 13 to 14 products. In some cases, taxes on inputs are higher than on finished goods, inflating costs for manufacturers and weakening competitiveness. The Commerce Ministry has flagged the issue to the Finance Ministry, urging reform to support local manufacturing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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India seafood exports to US plunge as reciprocal tariffs bite exports overall still hit records

India seafood exports to US plunge as reciprocal tariffs bite exports overall still hit records

India’s seafood exports to the US dropped sharply in FY26, with volume down 19.8% and value down 14.5%, blamed on reciprocal tariffs. Even so, India’s overall seafood exports reached a record $8.28 billion as demand grew in China, the EU, and Southeast Asia, helping offset the US decline.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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