New Delhi: Union Minister Textiles has stressed the need to achieve the target of $ 44 billion textile exports in the current financial year while interacting with the leaders of the textile industry in India.

“We must achieve the target of $ 44 billion of textile exports in 2021-22,” said Goyal, who also holds the portfolio of Commerce & Industry, Consumer Affairs and Public Distribution. He said the government is always open to considering all industry requirements to ensure that targets are achieved, adding that the industries that don’t depend on subsidies thrive much more.

Goyal further stated that the PLI Scheme for textiles and MITRA Parks Scheme is going to benefit the industry in a big way. “India has met all of its international service commitments, which has made us the trusted partner of the world,” he said.

It may be noted that India is showing signs of robust economic recovery .Total merchandise exports up to November 2021 is around $ 262 billion. The minister said that we can no longer be satisfied with small increments. It is time for a quantum jump.

Goyal said that exporters must back the expectations of the nation with their effort, expertise and efficiency. They should explore new markets. The government aims to provide a conducive ecosystem to explore our competitive and comparative advantage.

It is worth stating that the 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. /BI/