Srinagar: Union Minister of Commerce and Industry, Piyush Goyal, addressed the Traders’ Conclave – 2025, organised by the Federation of Trade and Industry of India (FTII) at SKICC Srinagar today.
The conclave celebrated the vital contribution of traders, entrepreneurs, and business leaders in strengthening the economic landscape of Jammu & Kashmir and the nation.
The event was attended by Sunil Singhi, Chairman of the National Traders Welfare Board; and Satish Sharma, Cabinet Minister, Government of Jammu & Kashmir.
Prior to the conclave, Piyush Goyal held key interactions with representatives from the MSME Development Forum and the Kashmir Chamber of Commerce and Industry. The discussions focused on local trade challenges and policy solutions, including GST on handicrafts, the promotion of horticulture-based value chains, and packaging and R&D infrastructure.
In his address, Goyal began by remembering Dr. Syama Prasad Mookerjee, India’s first Commerce Minister, and paid tribute to the democratic spirit reflected in the recently concluded general elections. He expressed heartfelt gratitude for the love and warmth he received from the people of Kashmir, noting the spiritual significance of the holy month of Muharram and the cultural harmony reflected in Ekadashi festivities across India.
Speaking on the theme of the conclave, Goyal said, “Vocal for Local is not just a slogan. It is the guiding philosophy for India’s rise as a manufacturing power and a trusted trading partner. From the local shopkeeper to our global exporters, everyone has a role in building a Viksit Bharat.”
He shared that during his earlier meetings, delegations raised concerns regarding GST on handicrafts and the need to integrate packaging technologies with handlooms, handicrafts, and horticulture. The Minister assured that he would take up the matter with the Indian Institute of Packaging, and fast-track the establishment of a regional centre in Kashmir.
On the suggestion for setting up a Centre of Excellence for Startups and Innovation, Goyal offered support through a public-private partnership model, and encouraged collaboration with the Ministry of Agriculture to enable research and development in agri-entrepreneurship.
He also responded positively to the idea of establishing a solar power project in Lassipora Industrial Estate, highlighting its potential for green-certified production and clean energy adoption.
Addressing concerns from apple growers, Goyal acknowledged the importance of balancing demand and production to ensure remunerative prices for local growers. He assured that the government would examine the matter in consultation with stakeholders in Delhi.
Highlighting the global recognition of Kashmir’s craft heritage, the Minister said, “Wherever we go, there is a growing norm to gift ‘Made in India’ products. Kashmir’s GI-tagged Pashmina shawls stand out every time. Just recently, our Prime Minister gifted one to the President of Ghana, showcasing India’s soft power and the global journey of our artisans.”
Condemning the recent terror attack in Pahalgam, Goyal said the unity shown by Kashmiris in the aftermath sent a powerful message to the world. He reiterated that peace, safety, and solidarity are the foundations of progress, and tourism will remain one of the region’s greatest strengths.
He applauded the commencement of the Vande Bharat Express in Kashmir and the completion of strategic infrastructure such as the Chenab and Anji bridges, Peer Ki Gali tunnel, and the USBRL railway corridor, terming them game-changers for regional connectivity and commerce.
Calling for sustained tourism promotion, the Minister said that cultural events, yatras, and conclaves like today’s should be organised regularly to invite the nation and the world to witness Kashmir’s peace and progress. He also commended the growing network of homestays in Kashmir, which provide employment while offering visitors an immersive cultural experience.
Reflecting on the national pledge taken at the conclave, Goyal said, “When we prioritise Made in India products, we strengthen national pride and the hands that make them. India is not only innovating for itself, but for the world. We must research for India and research for the world.”
He emphasised that India is now a trusted global trading partner, valued for its honesty, efficiency, and product quality. The Minister underlined the government’s commitment to enabling new exporters, exploring new markets, and expanding the global footprint of Indian products, particularly those with low shelf life and high value.
Concluding his address, Piyush Goyal urged the business community to stay committed to their goals. “Whatever work you take up, pursue it with full energy, skill, and dedication. Do not leave it halfway. I am confident that the traders and entrepreneurs of Jammu & Kashmir will carry this mission forward and help India scale new heights.”
The conclave reaffirmed the resolve of India’s trade ecosystem to adopt local-first thinking, strengthen global competitiveness, and contribute towards the vision of Viksit Bharat @2047.
