Goyal tells exporters to increase textiles exports

He also directed the industry to increase domestic production to $250 billion

Union Minister Piyush Goyal on Friday said that the Indian textile exporters should aim to increase their exports to $100 billion from $33 billion as fast as possible.

 

The union minister in an interactive session with the country's major textile industry has asked the exporters to reach a target of around $44 billion in exports of textiles which includes handicrafts, for the year 2021-22.

 

He also directed the industry to increase domestic production to $250 billion. He also assured that his ministry is working closely with the Finance Ministry to solve the issue of old dues on incentives for exporters.

 

He mentioned that India is on the path of economic recovery and is also showing signs as the Q1 FY22 GDP grew by a phenomenal 20.1 per cent. There was about 90 per cent growth in total FDI inflow in the first three months of FY22 as compared to the same period last year.

India Scanner News Network

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