Date: 10/07/2024

India aims at $100 bn electronics, textile exports by FY30
The Ministry of Commerce and Industry held discussions recently on export targets for key sectors for 2029-30 (FY30), with representatives from export promotion councils. The meeting, attended by Minister of Commerce and Industry Mr Piyush Goyal, Secretary of the Department for Promotion of Industry and Internal Trade, top officials from the Directorate General of Foreign Trade and others, focused on achieving $100 billion in exports of electronics and textiles, more than doubling exports in pharmaceuticals and organic/inorganic chemicals, and achieving sizeable growth in agriculture and allied products. In electronics, the goal is to reach US$ 100 billion in exports by FY30, a significant increase from US$ 29.1 billion in FY24. The textile sector is also expected to play a significant role, with a target of USS 100 billion in exports by FY30, up from US$ 34.43 billion in FY24, said a report.
Source: Exim News Service: New Delhi, July 9