Piyush Goyal assesses the progress made toward the goal of a $100 billion textile turnover
13 December 2021, Mumbai:
Union Minister for Commerce and Sector, Textiles, Consumer Affairs, and Public Distribution, Piyush Goyal, recently met with executives of the Indian textile industry to address a variety of topics and policies.
"By 2021-22, we must attain a target of $ 44 billion in textile exports," stated Piyush Goyal. He went on to emphasize that the government is always willing to examine all industry demands in order to meet objectives while maintaining his position that the business should not rely on subsidies.
It's worth mentioning that the Textile Ministry has announced two main schemes – PLI and MITRA Parks – for 2021, both of which are expected to assist the sector significantly and help it attain its aim of US $ 100 billion in the next five years.
"We can no longer be happy with little steps; it's time for a quantum leap," Piyush said during the conference, which was primarily organized to assess progress toward achieving a US $ 100 billion export turnover in the textile sector.
Exporters, he believes, must back up the nation's expectations with their work, skill, and efficiency, while also exploring new markets. Goyal urged the attendees and stakeholders to pay special attention to and guide small exporters.
"The government's goal is to create an environment that allows us to explore our competitive and comparative advantages." "These include legal simplification, reduced compliance burden, and notification of RoSTCL and RoDTEP," Piyush said.
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