India wants to conquer the global market and become a 30 trillion dollar economy very soon: Piyush Goyal


Union Minister Piyush Goyal said on Saturday that India wants to conquer the global market in all sectors and the country will become a $30 trillion economy “very soon” from $3 trillion currently.

The Minister of Textiles and Trade and Industry said that the national textile industry has enormous potential for job creation in the coming years and that the Center is actively working with various countries to finalize a free trade agreement. exchange that will give India’s textile sector zero-duty access to the global market, according to an official statement.

Addressing an event in Coimbatore on Saturday, Goyal pointed out that the Center promotes both the cotton and synthetic textile sector to gain a greater share of the global market, thereby increasing job opportunities as well than investments, according to the statement. “In all sectors, we want to become a global industry. We want to conquer the global market,” he said, adding that under the leadership of the Prime Minister, the Center was actively working with different countries to finalize a free trade agreement. -exchange which would not give anything. right of access to the textile sector on the world market. “It is thanks to the Prime Minister’s good relations with world leaders that India gets global respect today,” he said.

During the inauguration of SIMA Texfair 2022 in Coimbatore, Goyal pointed out that the Center promotes both the cotton and synthetic textile sector so that it obtains a greater share of the global market, thus increasing employment opportunities. as well as investments.

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Goyal claimed that Tamil Nadu would become the biggest hub for textiles, pumps, wet mills, manufacturing of critical components, etc. in the world and boost the country’s economic growth. Goyal highlighted the various policy initiatives taken by the government and the hard work of the industry to achieve $440 billion in exports.

He said the country will reach a 30 trillion economy very soon from the 3 trillion level and that the government has aggressively tackled all structural issues including tariff barriers, taxation issues, global competitiveness, etc. The Minister advised all stakeholders. in the value chain to work hard, stick together and thus become the largest manufacturing country in the world. He invited all young and female entrepreneurs to come forward to make investments and contribute to the growth of the Nation.

Sharing plans to manufacture uniforms for defense personnel in India, the Minister said: “We have decided to support SITRA (Provision of Improved Tool Kits to Rural Craftsmen) so that they can produce more products defence-related that will help our jawans at the border. Uniforms should be made in India instead of imported. Clinical trials are needed for some products. I have agreed to support this under the National Technical Textile Mission. They will make a proposal soon, he said.


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