India will aim to achieve $100 bn export target for textiles by 2030: Goyal

Citing the case of the FTA negotiations with the United Kingdom, Goyal said the country had a 9 per cent duty on different items and if that goes away, it will benefit the sector, he said

Commerce, industry and textiles minister Piyush Goyal on Wednesday said India will aim to achieve $100 billion exports for textiles by 2030 as there are huge opportunities in the sector.
 

Goyal’s comments come in the backdrop of faltering outbound shipments of textiles over the last one quarter amid recessionary trends in the developed economies.
 

The sector is set to get from the slew of trade deals that India is set to sign. In the free trade agreements (FTA) that India has been looking to finalise, negotiators have been insisting on duty-free access for textiles.
 

Citing the case of the FTA