Union Minister of Textiles, Commerce & industry has said that India will aim for US $ 450-500 billion exports next year.

The country’s exports are growing at a healthy rate and now exporters can aim for US $ 450-500 billion of outbound shipments during the next fiscal year, said the Minister.

Chairing mid-term review of exports with different export promotion councils (EPCs), he said that textile exports should aim for US $ 100 billion.

Regarding the issue of high global prices of polymers and uniform application of environment laws, Goyal assured that the ministry will take up the issue with the environment ministry.

In an another event, the Minister said that India is looking to conclude free trade pacts with several nations including the United Arab Emirates (UAE) , Australia and the UK within a few months.

He said that the trade agreement with the UAE is expected to be signed within the next three to four months, while the one with Australia will see an early harvest or an interim agreement by 25 December.

The Minister added that in the case of the UK, an interim agreement is expected by March and a full agreement by June or July next year.

Manali bhanushali
Author: Manali bhanushali

Manali Bhanushali