Commerce Minister optimistic of Indian exports achieving $650 bn exports by 31 March 2022
New Delhi, 18 Jan (KNN) Piyush Goyal, the Union Minister of Commerce and Industry has expressed the potential of achieving exports of USD 650 Billion within the current financial year.
He said this while chairing a Review Meeting of all major Export Promotion Councils (EPCs).
The Commerce Minister set the target for merchandise exports at USD 400 Bn and the Services sector should strive for USD 250 Bn exports, said the official press release.
Expressing his satisfaction that India achieved $300 Bn Merchandise exports in the first nine months of the current FY (April-Dec, 2022), he assured the EPCs that his Ministry will do whatever it takes in handholding the EPCs and resolving their issues to attain even higher export targets in the next FY.
The Commerce Minister said we can set a much higher goods exports target in the current last quarter of this FY.
“In December alone we touched USD 37 Bn goods exports despite the Omicron fear factor weighing high. This month, in 15 days till January 15th, we have reached USD 16 Bn,” he added.
The Commerce & Industry Minister urged the EPCs and entrepreneurs to avail of the Government’s initiatives towards Ease of Doing Business such as obtaining clearances through the National Single Window System.
He assured the Industry representatives to pursue their demands during the various FTA negotiations.