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HomeBusinessIncrease Textiles exports 3 times from present export of $33 bn to $100 bn at the earliest: Piyush Goyal

Increase Textiles exports 3 times from present export of $33 bn to $100 bn at the earliest: Piyush Goyal

04 September 2021: During a recent interaction with the leaders of the textile industry in India, Piyush GoyalPr, Union Minister for Commerce & Industry, Textiles, Consumer Affairs and Public Distribution, urged them to ramp up exports. “We must aim to increase textiles exports 3 times from the present export value of $33 bn to $ 100 bn of textiles exports at the earliest,” he said.

Emphasising that “We must all collectively resolve to reach the target of $44 bn of exports in 2021-22 for textiles and apparel, including handicrafts; the textile sector is expected to surpass all past records,” he said that under his aegis, the textile ministry is working closely with MoF to resolve the issue of old dues on incentives for exporters.

Pointing out that the government is always open to consider all industry requirements; the Minister said that industries that don’t depend on subsidies thrive much more. He further stated that the PLI Scheme for Textiles and MITRA Parks Scheme are at an advanced stage of approval.

He highlighted the story of the Indian textiles industry and how our weavers have been using centuries-old knowledge, craft and techniques to create timeless fabrics. The level of artistry and intricacy is unparalleled. The world would have never experienced these products, if it hadn’t been for our ‘textile exporters. The Minister mentioned that India has met all of its international service commitments, which has made us the trusted partner of the world.

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