Union Minister Piyush Goyal on June 26 said that India wants to capture the world market in all sectors and the country “very soon” will become a $30 trillion economy from the level of $3 trillion currently.
The Minister of Textiles and Commerce & Industry said that the domestic textile industry has great potential to generate employment in the coming years and the Center is actively working with various countries to finalize Free Trade Agreements (FTAs), Which will provide zero duty access to India’s textile sector. According to an official statement, in the world market.
Addressing an event in Coimbatore, Shri Goel emphasized that the Center is promoting both cotton and man-made textile sector so that it can get a larger share of the world market thereby increasing investment as well as employment opportunities.
“Across all sectors, we want to be a global industry. We want to capture the world market,” he said, adding that under the guidance of the Prime Minister, the Center is actively working to finalize free trade agreements with various countries, which will enable zero duty to the textile sector in the world market. will provide access. It is because of PM’s good relations with world leaders that India is getting global respect today.”
Inaugurating SIMA Texfare 2022 in Coimbatore, Shri Goyal emphasized that the Center is promoting both cotton and man-made textile sector so that it can get a larger share of the world market, thereby creating employment opportunities as well as investment. also increase.
Shri Goyal emphasized that Tamil Nadu will become the largest center for manufacturing of textiles, pumps, weight grinders, critical components etc. in the world and will boost the economic development of the nation. Shri Goyal highlighted the various policy initiatives taken by the government and the hard work put in by the industry to achieve exports of $440 billion.
He said that the country will very soon go from the level of 3 trillion economy to 30 trillion economy and the government is aggressively addressing all structural issues including tariff barriers, taxation issues, global competition etc.
The Minister advised all the stakeholders in the value chain to work hard, stay united and thus become the largest manufacturing country in the world. He invited all the young and women entrepreneurs to come forward to invest and contribute to the development of the nation.
Sharing the plan to manufacture uniforms for defense personnel in India, the Minister said, “We have decided to support SITRA (supply of better tool-kits to rural artisans) so that they can produce more defense related products that Will help our soldiers on the border. , The uniform has to be manufactured in India instead of being imported. Certain products require certain clinical trials. I agree to support it under the National Technical Textiles Mission. They will propose soon,” he said.