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EPCs should aim for $450-$500 bn exports next year: Goyal
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SME Times News Bureau | 10 Oct, 2021
Union Minister Piyush Goyal on Saturday called upon various Export
Promotion Councils (EPCs) to aim for $450-$500 billion exports next
year.
Addressing a mid-term review meeting with the heads of
various EPCs, Goyal, the Union Minister of Commerce and Industry,
pointed out that India's exports have bounced back, touching $197
billion in the first half of FY2021-22.
Goyal said with 48 per cent targeted volumes achieved, "we are on the right track".
The minister also said that engineering goods have much more potential, while textile exports should aim for $100 billion.
"You
must have seen we are coming out with various schemes," said Goyal,
referring to the several PLI schemes announced by the Centre recently.
Additionally,
Goyal pointed out that the Centre is negotiating FTAs with various
countries and blocs, including the UK, the UAE, Oman, Australia, Canada,
EU, Russia and the Southern African Customs Union (SACU) comprising
Botswana, Lesotho, Namibia, South Africa and Swaziland.
"Equitable,
fair and balanced and to the benefit of the Indian exporters, you will
have to raise whatever are your concerns," Goyal said, adding that
mostly the issues are related to market access rather than tariffs.
On
the issue of high global price of polymers and uniform application of
environment laws, Goyal assured that the Commerce Department will take
it up with the Environment Ministry to allow import of virgin plastics
scrap and related issues.
He also asked the export councils to
identify and name the exporters whose products fail to meet
international standards and are often rejected due to inferior quality.
"Quality will define the future of our exports," he said.
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