Piyush Goyal: Indian Textiles gets a boost out of Australia & UAE Trade Agreements

13 April 2022, Mumbai:

Goyal was delivering the Keynote address at the Golden Jubilee Celebrations of the 'Confederation of Indian Textile Industry- Cotton Development and Research Association' (CITI- CDRA) in New Delhi today.

He said that Indian textile exports to to Australia and UAE would now face zero duty and expressed confidence that soon Europe, Canada, the UK, and GCC countries would also welcome Indian textile exports at zero duty.

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Trade Agreements signed with Australia and UAE will open infinite opportunities for Indian Textiles - Piyush Goyal.

Textile Industry has the potential to achieve USD 100 billion in exports by 2030.

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Piyush Goyal Minister optimistic that the UK, EU, Canada, and GCC countries will allow zero-duty imports of Indian textiles.

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The Minister mentioned that Trade Agreements would help in increasing exports from labor-intensive industries. He added that India must also be open to receiving new technology, rare minerals, raw materials which are in short supply in India, etc. from the world at reasonable costs.

This will only increase our production, productivity, and quality, which in turn will increase demand for our products all over the world, he said.

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CREDITS: PBI (The news article has not been edited by DFU Publications staff).