We must achieve target of $ 44 bn of Textile exports in 2021-22 : Shri PiyushGoyal

“We must achieve target of $ 44 bn of Textile  exports in 2021-22” said Shri PiyushGoyal , Union Minister for Commerce & Industry, Textiles, Consumer Affairs and Public Distribution while interacting with the leaders of Textile Industry in India.

He said that Government is always open to consider all industry requirements to ensure that targets are achieved. He said that Industries that don’t depend on subsidies thrive much more.

 Shri Goyal furtherstated  that PLI Scheme for Textiles & MITRA Parks Scheme is going to benefit the Industry in a big way. 

Shri PiyushGoyal said that  India has met all of its international service commitments, which has made us the trusted partner of the world. It may be noted that India is showing signs of robust economic recovery .Total  Merchandise exports upto November 2021 is ~ $ 262 billion.

The Minister said that we can no longer be satisfied with small increments, its time for a quantum jump. It may be noted that Shri Goyal had asked the Textile industry to aim for $ 100 billion exports in a quick time. The meeting was convened to review the progress being made.

Shri Goyal said that exporters must back the expectations of the nation with their Effort, Expertise & Efficiency. They should explore new markets.

Shri Goyal asked the participants and stake holders to especially take care of  small exporters & guide them.The Minister added that  Government aims to provide a conducive ecosystem to explore our competitive & comparative advantage. These include simplification of laws, reduction of compliance burden, RoSTCL&RoDTEP notified, etc.

Shri Goyal further stated that upcoming  FTAs with different nations  will provide new avenues to build a trade partnerships.

It may be noted that Ministry of Textiles has  adopted a holistic development model of the sector supported by  infrastructure  and cluster development, technical textile mission,  performance linked incentives and a zero rated tax policy on exports to restore India’s pride in the global textile market.

Prominent Textiles exporters, EPCs , industry leaders participated in the interaction held to discuss measures to boost manufacturing and enhance exports.





    Source PIB