Modern Bharat
Minister Piyush Goyal said - Textiles export business will be $100 billion in 5 years

Minister Piyush Goyal said – Textiles export business will be $100 billion in 5 years

Export Promotion Councils in India: The central government has expressed its intention regarding the export of textiles. In which a target of $100 billion has been kept in the next 5-6 years. Union Textiles Minister Piyush Goyal addressed the members of Export Promotion Councils through video conferencing on Thursday (27 October).

so targeted
Minister Piyush Goyal said that the intention is to increase the country’s textile exports to $100 billion in the next 5-6 years. On completion of this target, the total value of the textile industry will increase to $ 250 billion. In the financial year 2021-22, India’s textile industry exported about $ 42 billion.

Minister Goyal said that the manufacturers should start making efforts to ensure the availability of cotton to meet the demand. He also said that all the parties involved in the cotton industry also need to make concerted efforts to ensure the price of products made from cotton. He said that if this target of textile exports is achieved, then the total domestic and international market value of this industry together is expected to be $ 250 billion.

so much cotton production
According to the Agriculture Ministry data, the cotton production during the 2022-23 crop season is estimated to be 3.41 crore bales as against 31.12 crore bales a year ago. A lump weighs 170 kg. Cotton is sown in Kharif season and harvesting has started from October. Minister Goyal said that the funds available under the Textiles Mission should be used for new projects. The potential of the Indian textile sector should also be showcased during the G-20 meetings and events.

read this also-

ECB Rate Hike: European countries troubled by inflation, Central Bank increased interest rate by 0.75 percent

Source link

Related posts

Tax Saving: This is LIC’s superhit scheme, Rs 15 lakh made in 20 years from Rs 1 lakh, see investment

MB Desk

Multibagger Stock: If you had invested one lakh rupees in this stock, you would have become a millionaire in 15 years

MB Desk

After years of hard work, Corona has thrown water like this, problems are standing in front of UN Women in a new form

MB Desk

Export Increase: The country’s exports increased by 4.82 percent in September, know how much exports and imports were

MB Desk

Finance Minister Sitharaman said – the money deposited in NPS belongs to the people, the state governments cannot take it

MB Desk

Max Life: Max Life Insurance to enter pension fund management business, business will start soon

MB Desk

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More