Piyush Goyal holds talks with Danish minister to expand economic partnership

India's Commerce and Industry Minister, Piyush Goyal, has declared that the country has never allowed the import of genetically modified (GM) products and will maintain this stance in the future. In an address to students at Kirori Mal College, Goyal emphasized the sensitivity surrounding this issue, stating that dairy is also a highly sensitive sector in India.

He reiterated that India has never granted duty concessions in any free trade agreement in the dairy sector, and the nation remains stringent in prohibiting GM products from entering its borders. Goyal highlighted that India's religious sensitivities are paramount, and traditional dairy production methods, such as using calf meat or rennet, are strictly adhered to, with all dairy products needing certification to ensure they do not offend the religious beliefs of the majority of the population.

Addressing trade pacts, Goyal affirmed that India has never compromised on sensitive items during negotiations and is committed to protecting its farmers, fishermen, and micro, small, and medium enterprises (MSMEs). He stated that the primary objective is to unlock new employment opportunities and market access for Indian produce, especially in sectors where the country is competitive.

Goyal also noted that India consistently seeks preferential market access for key sectors like textiles, pharmaceuticals, agricultural products, and gems and jewelry, aiming for lower duties on Indian goods compared to those from competing nations such as Indonesia, Malaysia, Vietnam, China, and the Philippines. He elaborated on the government's efforts to promote manufacturing and job creation in the country, while simultaneously encouraging entrepreneurship and startups as avenues for new opportunities.