Union Minister of Commerce and Industry, Shri Piyush Goyal Calls for Greater FTA Utilisation by Telangana

Union Minister of Commerce and Industry Shri Piyush Goyal addressed the curtain raiser of the Invest Telangana Global Summit in New Delhi, emphasizing policy stability, investment opportunities, and greater utilization of Free Trade Agreements (FTAs) by Telangana. He noted that India’s trade agreements provide preferential market access to a large portion of global GDP and outlined targets for export growth. The Minister highlighted Telangana's potential in sectors such as pharmaceuticals, aerospace, defense, and value-added agriculture, citing examples like the export of GI-tagged Tandur red gram. Furthermore, he offered six suggestions for the state's growth, including mapping export products to FTA markets, establishing district-level FTA help desks, promoting GI products globally, enhancing pharmaceutical value addition, advancing precision engineering and emerging technologies, and accelerating ease-of-doing-business reforms.