Indian Govt Aims to Boost Energy Product Trade with the US: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said India expects to increase its energy trade with the United States in the coming years. He noted that U.S. involvement will form a major part of India’s energy security plans, helping diversify supply and bring more stability.

Event in New York

The minister made these remarks in New York on September 23, 2025, at a conference on energy security. The event was organised by the Consulate General of India, the US-India Strategic Partnership Forum (USISPF), and ReNew. Goyal said India already imports energy from the U.S. and that this trade is likely to grow further.

Renewable and Nuclear Expansion

India plans to expand its renewable energy capacity from the current 250 gigawatts to 500 gigawatts over the next 5 years. Goyal also said nuclear energy will be a larger part of the mix, with the government working to double nuclear capacity. 

Private sector participation in nuclear projects is being supported.

Supply Chains and Regulation

Goyal underlined the need to strengthen supply chains for critical minerals and increase investment in power transmission networks. He said regulatory frameworks should allow energy trade to continue without being disrupted by geopolitical issues.

EU Carbon Mechanism

On the European Union’s Carbon Border Adjustment Mechanism (CBAM), Goyal said the measure could raise costs and reduce competitiveness for European exports. He added that such policies risk isolating the EU from other trading partners.

Trade Talks with the US

The comments came as Indian officials, including Goyal and External Affairs Minister S. Jaishankar, were in New York for talks with their U.S. counterparts. Goyal said both countries are working toward an early conclusion of a trade agreement, with energy cooperation a key part of the discussions.

Read More: India-US Trade Talks: Piyush Goyal’s Visit on September 22 Critical for Bilateral Agreement!

Conclusion

India is focusing on expanding renewable and nuclear capacity, building stronger supply chains, and securing long-term energy partnerships. The United States is expected to remain central to these efforts.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.