Neutral impactEconomy
India has never allowed import of GM products, will not do so in future: Goyal
BusinessLine 1 hr ago·3 Nov 2026, 8:48 am
Commerce and Industry Minister Piyush Goyal has clarified that India will maintain its longstanding ban on genetically modified (GM) products. Speaking at an event, he emphasized that the country has never permitted the import of GM items and has no plans to change this policy in the future. This reaffirmation is significant because it signals a continued commitment to protecting the nation's agricultural biodiversity and food safety standards from foreign biotech influences.
For investors, this stance is particularly relevant for the dairy sector. Goyal noted that this industry is 'very sensitive' and that India has historically refused to grant duty concessions in this area within free trade agreements. This suggests a cautious approach to liberalizing trade in essential food items, which could impact how multinational companies operate their supply chains in India. Investors should monitor any future government announcements regarding agricultural subsidies or trade negotiations to gauge potential market shifts.
Excerpt from BusinessLine
Addressing students of Kirori Mal College here, Goyal also said that dairy sector is ‘very sensitive’ in the country and India has never given any duty concessions in any free trade agreement in this sector Commerce and Industry Minister Piyush Goyal on Tuesday said India has never allowed imports of any genetically…Read the original at BusinessLine
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