12 Feb 2026, Thu

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Union Commerce and Industry Minister Piyush Goyal on Thursday (February 12, 2026) made a big claim regarding the trade deal between America and India. He said that America can impose zero tariff on Indian textiles. This statement of the Union Minister is a sign of great relief, due to which India’s textile sector can benefit a lot in the future.

India’s textile exporters will benefit – Goyal

The news of relief has come to light after the US administration led by President Donald Trump made major changes in the fact sheet of the India-US trade deal and relaxed some of the conditions. In this regard, Union Minister Piyush Goyal said that after the signing of the final agreement between India and America, India’s textile sector can also get the facility of zero tariff like Bangladesh. The trade agreement between America and Bangladesh had earlier created a lot of challenges for the Indian textile industry, but after America has imposed zero tariff on Indian textiles, Indian textile exporters will benefit greatly from it.

Comment on Congress regarding trade deal

Union Commerce Minister Piyush Goyal also made a sharp comment on the allegations made by Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi during the budget session of Parliament regarding the US-India trade deal. In fact, Rahul Gandhi said that the trade deal that India has made with America shows that PM Modi has completely surrendered to Donald Trump. Countering Rahul’s statement, Piyush Goyal said that Rahul Gandhi spread a big lie in the Parliament that the trade deal with America has benefited Bangladesh more than India.

He said that Bangladesh has got the facility under the agreement with America that if the raw material is purchased from America and the complete cloth is prepared from it and it is exported, then there will be no tariff on that goods. India can also get the same facility.

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