Union Minister Piyush Goyal has declared that India's exports are positioned for sustained expansion, driven by comprehensive efforts to diversify both products and international markets. The minister revealed substantial advancements in trade negotiations with the European Union, expressing strong optimism about concluding a trade agreement soon.
Breakthrough in EU Market Access
Goyal highlighted a significant achievement in market access, confirming that over 100 Indian fishery establishments have received official approval and listing from the European Union. This development marks a crucial milestone for India's marine export sector.
Parallel approvals are underway for approximately 25 additional Indian establishments in Russia, promising to substantially enhance India's marine and shrimp export capabilities. These regulatory clearances are expected to open new revenue streams for India's seafood industry.
Addressing Final Hurdles in Trade Negotiations
The minister characterized the current negotiation phase with the EU as dealing with "last-mile issues" that require resolution before finalizing the comprehensive trade agreement. Despite these final challenges, Goyal maintained strong confidence in reaching a mutually beneficial conclusion in the near future.
Regarding the potential India-US trade pact, the minister emphasized a principled approach, stating that any agreement would only be announced when it meets the criteria of being "fair, equitable, and balanced" for both nations.
Government's Proactive Stance on Investment
Goyal described the current administration as a "listening government" that actively engages with stakeholders across sectors. This approach forms part of a broader strategy to attract higher Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII), thereby increasing overall investment inflows into the country.
The minister's remarks, made on November 18, 2025, underscore India's strategic shift toward diversifying both its export basket and destination markets. This multi-pronged approach aims to build resilience in India's trade relationships while capitalizing on emerging opportunities in global markets.
With fishery sector breakthroughs and ongoing trade negotiations, India's export ecosystem appears poised for significant transformation in the coming months, potentially creating new growth avenues for Indian businesses and strengthening the country's position in international trade.
