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FTAs with developed countries is high on agenda of government: Goyal
Aug-18-2022

Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said that Textile Industry has a big role to play in making Free Trade Agreements a success. He said that FTAs with Developed Countries is high on the agenda of the Government.

Besides, Goyal said that innovation is going to be the defining feature in India's march towards becoming a Developed Nation. He highlighted the role of innovation across all value chains in the Textile sector and also urged the Textile sector to focus on recycling and digitization.

He said if the industry focuses on innovation, sustainability, digitisation, newer products and utilisation of Free Trade Agreements (FTAs), it can grow fast and compete with the best in the world. Talking about sustainability, Goyal said that textiles sector can reduce the pressure on the environment by using reusable resources as well as reduce its own production costs.

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