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Union Minister Piyush Goyal has pitched for taking the textiles exports of the country to $100 billion by 2030 as the sector is recording a healthy growth. He noted that the textiles exports last fiscal year stood at $43 billion as against $33 billion in the previous year. He said the exports would get a boost as the sector would get zero duty access in the UAE and Australia and India has signed a trade pact with both these countries.

The minister has stated that India is also trying to get zero duty access in the markets of the European Union, Canada, the UK and member countries of the Gulf Cooperation Council (GCC). India is negotiating free trade pacts with these countries. He said ‘we will leave no stone unturned to achieve this aggressive growth and substantial target’. He added that the current geopolitical situation is changing and it provides huge opportunities for the industry to boost exports.

He further emphasized on the need to promote cotton production in the country as the current figure of about 500 kilogram per hectare is half of the world's average. He said the price of cotton is high today and the government is keeping constant control over that, and added that there is a need to maintain the right balance so that farmers and the industry both get cotton at right prices.