October 10, 2021
1 min read

Aim for $450-$500 bn exports next year: Goyal

The minister also said that engineering goods have much more potential, while textile exports should aim for $100 billion. …reports Asian Lite News

 Union Minister Piyush Goyal on Saturday called upon various Export Promotion Councils (EPCs) to aim for $450-$500 billion exports next year.

Addressing a mid-term review meeting with the heads of various EPCs, Goyal, the Union Minister of Commerce and Industry, pointed out that India’s exports have bounced back, touching $197 billion in the first half of FY2021-22.

Goyal said with 48 per cent targeted volumes achieved, “we are on the right track”.

The minister also said that engineering goods have much more potential, while textile exports should aim for $100 billion.

“You must have seen we are coming out with various schemes,” said Goyal, referring to the several PLI schemes announced by the Centre recently.

Additionally, Goyal pointed out that the Centre is negotiating FTAs with various countries and blocs, including the UK, the UAE, Oman, Australia, Canada, EU, Russia and the Southern African Customs Union (SACU) comprising Botswana, Lesotho, Namibia, South Africa and Swaziland.

“Equitable, fair and balanced and to the benefit of the Indian exporters, you will have to raise whatever are your concerns,” Goyal said, adding that mostly the issues are related to market access rather than tariffs.

On the issue of high global price of polymers and uniform application of environment laws, Goyal assured that the Commerce Department will take it up with the Environment Ministry to allow import of virgin plastics scrap and related issues.

He also asked the export councils to identify and name the exporters whose products fail to meet international standards and are often rejected due to inferior quality.

“Quality will define the future of our exports,” he said.

ALSO READ: Seductive crypto ads leave Indian investors in dilemma

ALSO READ: India, Japan See Kenya As Key To Indo-Pacific

Previous Story

Altaf Renews Call For Sindhudesh

Next Story

Rajasthan girl becomes British High Commissioner for a day

Latest from -Top News

Trump unhappy with deadly strikes on Kyiv 

The president said he is “putting a lot of pressure” on both sides to end the war in Ukraine, following the deadliest attacks Kyiv has seen since last July  President Donald Trump

Macron: ‘We Stand with India’

Macron said that France will stand together with its allies and would continue the fight against terrorism wherever necessary….reports Asian Lite News French President Emmanuel Macron on Friday spoke to Prime Minister

Pakistan Slams IWT Move as ‘Act of War’

Islamabad also said that India’s decision to suspend the Indus Waters Treaty (IWT) will be considered as an “act of war”…reports Asian Lite News The high-level emergency meeting of Pakistan’s National Security

Modi: We’ll Hunt Them Down

The Prime Minister thanked nations that extended support to India in the aftermath of the terror attack…reports Asian Lite News In his first address after the horrific terror attack in Pahalgam, Jammu
Go toTop

Don't Miss

First Hindu Candidate in Pakistan Pledges Improved Ties With India

Saveera Parkash, a 25-year-old physician who completed her medical studies

National security strategy not an academic exercise

The National Security Strategy of a major country like India