India Has No Structural Excess Capacity in Key G20 Sectors: Piyush Goyal - The Tribune

G20 ministers discuss curbing impact of govt-backed excess manufacturing capacities: Piyush Goyal

G20 trade ministers focused on preventing unfair manufacturing practices caused by government-supported large production capacities. Discussions included addressing predatory pricing and overcapacity threatening fair trade in countries like India and the US. Commerce and Industry Minister Piyush Goyal highlighted India's advantages for data centers, including low costs and tax benefits. He emphasized that India's renewable energy availability fu…

India has no structural excess capacity in key G20 sectors: Piyush Goyal - The Tribune

Union Commerce and Industry Minister Piyush Goyal today said India’s manufacturing capacity serves both domestic and global needs and that, in the sectors identified by the G20 Presidency, the country does not have structural excess capacity.

India does not have structural excess manufacturing capacity: Goyal at G20

He also said industrial capacity in itself is not the issue; however, distortions can arise where geographical concentration of production is driven by hidden subsidies and support

Piyush Goyal calls for WTO-compliant approach to correcting global trade distortions at G20 Trade Ministers' Meet

Milwaukee [US], October 2 (ANI): Union Minister of Commerce and Industry Piyush Goyal called for a World Trade Organization-compliant approach to tackle trade distortions and excess capacity during the concluding day of the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin. According to the Ministry of Commerce & Industry, addressing a session on structural excess capacity and production, the Ministe