Aim to take textile exports from $42 bn to $100 bn in next five to six years: Piyush Goyal

Goyal was virtually addressing a meeting of the members of Export Promotion Councils

October 27, 2022

Piyush Goyal says if goal is achieved then sector’s value would be $250 bn for domestic, international markets

While addressing a meeting of the members of Export Promotion Councils, Union Commerce and Textile Minister Piyush Goyal on Thursday said that textile exports were approximately $42 billion while the target was to achieve $100 billion by the next five to six years and if this was achieved then the sector’s value would be $250 billion collectively for the domestic and international markets.

The Minister further said that the funds were available under the Textile Mission and should be utilized in new projects. He also added that the potential of the textile sector may also be showcased at the G-20.

He said that textile manufacturers should start securing cotton to meet their demands. “All those involved with the cotton industry should meet to discuss the strategy to ensure traceability of cotton and better value of the cotton products,” Goyal said.

[With Inputs from IANS]

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