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Commerce and Industry Minister Piyush Goyal has said the country’s exports are growing at a healthy rate and now exporters can aim for $450-500 billion of outbound shipments during the next fiscal year.  He said exports have touched $197 billion during April-September this fiscal.

He stated with 48% of the targeted volumes have been achieved, exports are on the right track to achieve this year’s target of $400 billion. He also said that India is negotiating free trade agreements (FTAs) with various countries and blocs including the U.K., the UAE, Oman, Australia, Canada, the EU, Russia and the Southern African Customs Union (SACU) comprising Botswana, Lesotho, Namibia, South Africa, and Swaziland.

He said engineering goods have much more potential and textile exports should aim for $100 billion. Besides, on the issue of high global prices of polymers and uniform application of environment laws, He assured that the Ministry will take up the issue with the Environment Ministry.