FTAs Benefiting Farmers, MSMEs and Innovation Sectors; Strengthening India’s Role as ‘Pharmacy of the World’: Shri Goyal
Linking Healthcare Sector with Exports and Skill Development a Key Priority: Shri Goyal
New Delhi (thestates.news) | Union Minister of Commerce & Industry Piyush Goyal today said that India’s Free Trade Agreements (FTAs) are opening new opportunities for the pharmaceutical, healthcare and medical technology sectors, while enabling the country to strengthen its position in global trade.
Addressing the Post Budget Webinar 2026 on Sabka Sath Sabka Vikas: Fulfilling Aspiration of People in New Delhi, Shri Goyal said that under the leadership of Prime Minister Narendra Modi, India has signed a total of nine Free Trade Agreements in the last three to three-and-a-half years, of which five have been concluded in the past 12 months. As a result, nearly two-thirds of global trade is now open to India. He noted that these agreements provide India with preferential access compared to many other countries, with lower duties and expanded market opportunities, thereby opening new avenues to enhance trade. According to him, the scale of India’s trade with the world in the pharmaceutical and healthcare sectors is now greater than ever before. (s-pib)
