Prime Minister Narendra Modi with Union Ministers S. Jaishankar and Piyush Goyal and others during the inauguration of the Asia-Pacific Conference of German Business 2024, in New Delhi.
| Photo Credit: PTI

On Friday (October 25, 2024), Commerce and Industry Minister Piyush Goyal emphasised on understanding and respecting mutual sensitivities to fast-track India- European Union (EU) free trade agreement talks, and said there would be no pact if the EU insists on opening the dairy sector.

Speaking at the Asia-Pacific Conference of German Business, the Minister also said that “extraneous” issues like labour and climate change should be discussed at international forums.

He added that the two sides have to understand, listen and appreciate the sensitivities of each other.

“You (EU) are 27 countries, who have different priorities; India has 27 states. I may be growing apples in one state which does not permit me to open apples,” he said, adding that the per capita income of EU member countries is much higher than that of the Indian states.

He also said that there is a need to focus the energies on trade and on promoting investments and deeper strategic partnerships to push the talks.

“It will have to be a political decision, and the negotiations cannot be left to the bureaucracy alone,” the minister said.

“If we respect (these) things, the FTA can be done very honourably, admirably, and fast,” Mr. Goyal said.

“First the sensitivities between the 27 countries of the EU and my 27 states collectively as the Union of India… if we respect each other’s sensitivities like with UAE, Australia and EFTA, we respected each other’s sensitivities and not encroach on issues which can hurt. For example, dairy, I just cannot open up dairy. If the EU insists that I open up dairy, there is no FTA,” he added.

Australia did its first FTA without dairy with India as they respected India’s issues.

Telangana Chief Minister A. Revanth Reddy and Industries Minister D Sridhar Babu with the delegation from Godrej Agrovet Company Limited led by the company’s managing director Balram Singh Yadav at Dr. B.R. Ambedkar Telangana State Secretariat, Hyderabad on January 9, 2024.
| Photo Credit: By Arrangement

Telangana Chief Minister A. Revanth Reddy has exhorted the Godrej Agrovet Company Limited to explore the huge potential in real estate, furniture and consumer goods sectors in Telangana and make investments.

The Chief Minister made the request when a delegation of the company called on him on Tuesday. Godrej Agrovet had several business activities including cooking oils, dairy, agro, veterinary services, agro chemicals and animal fodder. The company is keen to set up an integrated oil palm processing unit in collaboration with Malaysia-based Sime Darby Company in Khammam district.

Mr. Revanth Reddy assured the delegation led by the company’s managing director Balram Singh Yadav of complete support towards expansion of oil palm and dairy businesses which it had already taken up in the State. He wanted the firm to promote skill development as part of its corporate social responsibility activities.