Union Minister Piyush Goyal, at the inauguration of Patsan Bhavan in Kolkata’s New Town, shared his optimism about India reaching the USD 2 trillion export target by 2030. Despite challenges posed by global events such as the Ukraine war, the Israel conflict, and Red Sea issues, Goyal remains hopeful about sustained export growth, currently at USD 770-775 billion.
Addressing the gathering, Goyal underscored the significance of the jute sector, labeling it the “fibre of the future.” With over 50 percent of the world’s jute production originating in India, of which more than half is produced in West Bengal, he urged the expansion of the jute industry.
In a proactive step, he formed an “informal jute advisory group” to comprehensively address sector-related issues and identify areas for improvement.
Looking ahead, Goyal called upon the jute sector to showcase its products at Bharat Tex 2024, the world’s largest textiles event scheduled for February 26-29 in New Delhi. The Union Minister’s multi-faceted approach aims to boost the jute sector’s contribution and propel India towards its ambitious export target.