Will meet $1-trilion export target by 2025: Goyal

India is on track to achieve the $1-trillion export target by 2025, said Commerce and Industry Minister Piyush Goyal at the Board of Trade meeting where the government and industry deliberated on measures to boost exports, manufacturing and the new foreign trade policy.

Industry urged the government to operationalise the new export credit insurance scheme, expand the production-linked incentive (PLI) scheme, announce the duty remission rates at the earliest and sign free-trade pacts with the US, the EU and the UK to offset the impact of not joining the Regional Cooperation of Economic Partnership (RCEP).