The Union Minister for Commerce & Industry, Textiles, Consumer Affairs and Public Distribution, Mr Piyush Goyal on Friday said the textile sector will achieve USD 44 billion exports target in 2021-22, and in the 5 five years, both the ministry and the industry have agreed to aim for USD 100 billion outbound shipments.

Speaking to an interactive session with the country's textile industry held in New Delhi, Goyal said: "We must aim to increase textiles exports three times from present export value of USD33 billion to USD100 billion of textiles exports at the earliest." He asked exporters to achieve a target of USD44 billion in exports of textiles and apparel, including handicrafts, for 2021-22. He  noted that India is showing signalas of robust economic recovery as the Q1FY22 GDP grew by a phenomenal 20.1  percent and 90  percent growth was seen in total FDI inflow in the first three months of FY22 as compared to same period last year.

The Union minter also called upon the industry to aim to increase domestic production to USD250 billion, and that his ministry is working closely with the Finance Ministry to resolve the issue of old dues on incentives for exporters.

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