Republic’s Ministry of Commerce and Industry: “Aim for 450 to 500 billion dollars in exports next year”

Ministry of Commerce and Industry

“Aim for 450 to 500 billion dollars in exports next year” – Piyush Goyal

The government is negotiating FTAs ​​with various countries and blocs including UK, UAE, Oman, Australia, Canada, EU, Russia and the Southern African Customs Union (SACU) including Botswana, Lesotho, Namibia, South Africa and Swaziland. – Shri Goyal

“Quality will define the future of our exports”, – Piyush Goyal

Minister of Commerce chairs mid-term review of exports with TPR


Posted on: 09 OCT 2021 4:52 PM by PIB Delhi

Union Minister of Trade and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Government of India, Shri Piyush Goyal called on TPRs for 450-500 billion exports dollars next year

Addressing a midterm review meeting today with the heads of various Export Promotion Councils (EPCs) via video conference, Shri Goyal led discussions with all stakeholders ahead of the new trade policy. exterior will soon be finalized.

Expressing satisfaction, Indian exports rebounded to $ 197 billion in the first half of fiscal year 2021-2022, said Shri Goyal, with 48% of target volumes achieved, we are on the right track.

“Our exporters have made all Indians proud today,” said Shri Goyal, raising the bar “if we can aim to increase exports by $ 450 billion to $ 500 billion next year.”

The minister said engineered goods have much more potential and textile exports are expected to target $ 100 billion. “You must have seen that we are getting out of the plans,” said Shri Goyal, referring to the various LIP plans recently announced by the government.

Shri Goyal said the government is negotiating FTAs ​​with various countries and blocs including the UK, UAE, Oman, Australia, Canada, EU, Russia and the African Customs Union Southern (SACU) comprising Botswana, Lesotho, Namibia, South Africa and Swaziland.

“Fair, fair and balanced and in the interests of Indian exporters, you will have to raise whatever concerns you have,” said Shri Goyal, adding that most of the issues were related to market access rather than tariffs.

Stating that Prime Minister Shri Narendra Modi will unveil his most ambitious vision of infrastructure development, – the ‘Gati Shakti’ program on Ashtami, on the day of Goddess Durga representing Shakti, namely on October 13, Shri Goyal invited the chiefs of the Export Council to join the event in VC and participate in the infrastructure issues of related export sectors. The national logistics policy was also recently unveiled and exporters should report their concerns, he added.

On the issue of high world prices of polymers and uniform application of environmental laws, the contribution of the plastics sector, Shri Goyal assured that the Commerce Department will discuss with the Environment Ministry the authorization importing virgin plastic waste and related issues.

In asking export boards to identify and name exporters whose products do not meet international standards and are often rejected because of their inferior quality, the minister said the TPRs had not identified any exporters. specific products damaging the reputation of “Made in India” products on world markets despite recalls. “Quality will define the future of our exports,” he joked.

Speaking on the occasion, the Ministry of Health (Trade and Industry), Smt Anupriya Patel assured the exporters of a rapid recovery of their concerns with various other ministries which were hampering the growth of exports. The Secretary of the Ministry of Commerce, Shri BVR Subrahmanyam and other senior officials participated in the deliberations.

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Ministry of Commerce and Industry of the Republic of India published this content on 09 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 09 October 2021 11:41:01 AM UTC.

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