Prime Minister Narendra Modi's 4 points strategic pathway aiming at $400Bn exports in FY22
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9th Aug 2021, Mumbai:
Prime Minister Narendra Modi clearly articulated four pinpointed factors to give a fillip to exports and appealed & exhorted all stakeholders to identify new products and destinations to make exports basket more suited to achieve dream goal post of $400Bn this FY.
It is here imperative to mention that globally most of the consumption countries already doggedly pursuing for China+1 policy, on the back of the fact anti-china sentiment also is a fundamental tailwind for Indian Textile sector which is globally already second biggest textile economy away from China.
H'ble PM has categorically stressed in on the following four points to enhance export capabilities out of India–
increase in manufacturing, reduction in transport and logistics cost, government walking shoulder to shoulder with the exporters and pursuing for international markets even for domestic goods to attain global competitiveness as a preparedness
Given the above is a pathway to help achieve sector the goals of Make in India and a larger issue of accomplishing Atmanirbhar Bharat one day, assert TEXPROCIL the nodal trade agency in their reaction to this clarion call from the head of the state. Manoj Kumar Patodia, Chairman, TEXPROCIL concurred that Prime Minister’s address was very inspiring and will certainly encourage all the exporters to strive to increase exports and achieve the national target of $400 billion in 2021-22.
WATCH: https://www.youtube.com/watch?v=RRu5rJuQGns
Towards this end PM Modi has shown a resolute intent by interacting comprehensively with the heads of the Indian Missions overseas and with multi-stakeholders such as the trade Export Promotion Councils, Chambers of Commerce, secretaries of various pertinent departments and concerned state government officials via video conference (VC) on August 6, 2021 to help facilitate this desired outcome.
The long standing wish of appealing to the government to include textiles in the priority list while negotiating FTAs with UK, Canada, Australia and the EU remains a given.
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