calender_icon.png 18 July, 2025 | 6:37 PM

We never negotiate at gunpoint: Piyush Goyal

12-04-2025 12:00:00 AM

ANI New Delhi

After US President Donald Trump hit the pause button on India's tariffs, Union Commerce Minister Piyush Goyal said that India will not be in a hurry and will negotiate what is in the interest of its people.

Speaking on the sidelines of the Italy-India Business, Science and Technology Forum, Union Minister Piyush Goyal said, "Trade talks proceed when both sides are sensitive to each other's concerns and requirements. All our trade talks are progressing well, in the spirit of India First, and to ensure our pathway to Viksit Bharat @ 2047 in the Amrit Kaal..." "We never negotiate at gunpoint. Favourable time constraints motivate us for quicker talks, but till the time we are not able to secure the interest of our country and our people, we do not hurry," he added. 

‘India not encouraging FDI from China’

India does not intend to encourage foreign direct investments (FDI) from China, Commerce and Industry Minister Piyush Goyal said on Friday, indicating New Delhi's intentions of not easing overseas investment curbs imposed on the neighbouring country in 2020.  FDI applications from countries sharing land borders, such as China, have to mandatorily seek government approval for all sectors. This policy was issued in April 2020.

"As of now, there's hardly any foreign direct investment from China...It was the same 25 years ago when it (FDI) was open (from China), not too much Chinese investment has come to India. Nor are we encouraging any significant investment coming in from China at all. At the moment, that is the policy," Goyal said here at an event.  The remarks assume significance as certain quarters are of the view that the rule needs to be eased to attract technology and capital.