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India eye on merchandise exports target of US$400 bn &  t he Services sector for US$250 bn exports! The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said it is possible to achieve exports of USD 650 billion within the current financial year. Chairing a Review Meeting of all major Export Promotion Councils (EPCs), Goyal said the $400 bn target of Merchandise exports is within sight and the Services sector should strive for $250 bn exports. Expressing his satisfaction that India achieved $300 bn merchandise exports in the first nine months of the current FY (April-Dec, 2022), Goyal assured the EPCs that his Ministry will do whatever it takes in handholding the EPCs and resolving their issues to attain even higher export targets in the next FY. Goyal said we can set a much higher goods exports target in the current last quarter of this FY. “In December alone we touched $37 bn goods exports despite the Omicron fear ...

Commerce and Industry Ministry Committed to Synergise Export Promotion and Internal Trade: Piyush Goyal The Union Minister of Commerce and Industry & Railways, Piyush Goyal, chaired a joint Meeting of Board of Trade and Council of Trade Development & Promotion and held a day long interaction with the industry and Agriculture Ministers of the States, industrialists, Export Promotion Councils, and representatives of the economic and infrastructure Ministries of the Central Government for boosting exports and domestic manufacturing and reducing trade deficit. Briefing media at the end of the meeting, Piyush Goyal said that Ministries & their departments can no longer work in isolation for effective outcome of government policy. The Commerce and Industry Minister further said that action on many of the decisions arrived at today’s meeting will be taken in next 45 days. He also announced that the next follow up meeting would be held in 45 days. He said, easi...