On track to achieve $650-billion exports target in FY22: Piyush Goyal
- IBEF
- January 18, 2022
Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Piyush Goyal said on Monday that the country is on pace to meet its US$ 650 billion export goal for goods and services in the current fiscal year (FY22).
The minister said while chairing a review meeting of the major Export Promotion Councils (EPCs) that the US$ 400 billion merchandise export aim is within reach, and that the services sector should also endeavour to attain the US$ 250 billion target. “In December alone, we touched US$ 37-billion goods exports despite the Omicron fear factor weighing high. This month, till January 15, we have reached US$ 16 billion,” an official statement quoted the minister as saying.
From April to December, India exported goods worth more than US$ 301 billion, meeting three-quarters of its yearly target. The minister also told the Export Promotion Councils (EPCs) that the government will support them and work with them to overcome their challenges so that they can meet even higher export goals in the coming fiscal year.
“He assured the industry representatives to pursue their demands during the various Free trade Agreement (FTA) negotiations,” an official statement said.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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