Commerce and Industry Minister Piyush Goyal today said that new Economic Cooperation and Trade Agreements with Australia and UAE will open infinite opportunities for Textiles, Handloom and Footwear.
Addressing a function in New Delhi, he said that Indian textile exports to Australia and UAE would now face zero duty and expressed confidence that soon Europe, Canada and UK would also welcome Indian textile exports at zero duty.
Mr Goyal said, the trade agreements will help in increasing exports from labour-intensive industries. He also said that Indian textile Industry has the potential to achieve one hundred billion US dollars in exports by 2030.
