Piyush Goyal takes charge of Commerce Ministry

    New Delhi, June 11 (PTI) Senior BJP leader Piyush Goyal on Tuesday took charge of the Commerce and Industry Ministry and said it will work to promote the country's economic growth.
    Jitin Prasada also assumed charge as the Minister of State for Commerce and Industry.
    Goyal said the ministry is committed to making India a Vikshit Bharat by 2047.
    He took charge of the ministry for the second time.
    The minister said the government is committed to creating new opportunities for the youth and working for the welfare of all citizens.
    Goyal, who won his first Lok Sabha elections from Mumbai North constituency by a margin of over 3.5 lakh votes, took oath as the Cabinet Minister on June 9.
    The two ministers also reviewed the working of the two departments - commerce and DPIIT - with all the senior officials here.
    "We are confident that his successive term at the Commerce Ministry will provide much-needed stability and continuity in the policy regime and approach, which is so very crucial in the ever-changing complexities of global trade," AEPC Chairman Sudhir Sekhri said.
    Goyal is taking charge at a time when India's merchandise exports declined by 3.1 per cent to USD 437 billion, and a 3.5 per cent contraction was recorded in the foreign direct investments (FDI) into India in 2023-24 due to global economic uncertainties and a slowdown in demand.
    FDI declined to USD 44.42 billion in the last fiscal from USD 46 billion in 2022-23.

(This story has not been edited by THE WEEK and is auto-generated from PTI)