CM – Aiming for $ 450 billion to $ 500 billion in exports next year: Piyush Goyal


New Delhi: Trade Minister Piyush Goyal called on the Export Promotion Councils (EPCs) on Saturday to set the export target of 400 billion

At a mid-term review meeting with the heads of various Export Promotion Councils (EPCs) via videoconference, Goyal asked them to hold discussions with all stakeholders before the new foreign trade policy is finalized soon.

Goyal expressed satisfaction that India’s exports returned to 197 billion in the first half of FY22

« Our exporters made us all Indians proud today, » said Goyal, and asked her, « if we can try to scale exports from $ 450 billion to $ 500 billion next year. »

The minister said technical goods had much more potential and textile exports should target $ 100 billion. « You must have seen us come out with plans, » Goyal said, referring to the various PLI programs recently announced by the government.

Goyal said the government is negotiating free trade agreements with various countries and blocs, including the UK, United Arab Emirates, Oman, Australia, Canada, the EU, Russia and the South African Customs Union (SACU), Botswana, Lesotho, Namibia, South Africa and Swaziland includes.

Saying that Prime Minister Narendra Modi will present his most ambitious vision for infrastructure development – « Gati Shakti » program on Durga Ashtami on October 13th, Goyal invited the leaders of the Export Council to video conference and attend the event Involve infrastructure issues of related export sectors. « The national logistics policy was also recently unveiled and exporters should report their concerns, » he added.

On the question of the high global prices for polymers and the uniform application of environmental laws affecting the plastics sector, Goyal assured the trade department that he would consult the Ministry of the Environment about the approval of virgin plastic waste and related issues.

The minister called on the export councils to identify and name exporters whose products do not meet international standards and are often rejected for being of poor quality, and said the EPCs, despite repeated repetitions, had not identified any specific exporters who had the reputation of « Made in India “in world markets damage memories. “Quality will determine the future of our exports,” he added.

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