The government has fixed an export target of $72 billion for the 2023-24 financial year with an 11.52 per cent growth.
Commerce Minister Tipu Munshi made the announcement of the export target and achievements at a press conference at his secretariat office in the capital on Wednesday.
Of the amount, export target for goods has been set at $62 billion while for the service sector the target was set at $10 billion.
He mentioned that export target was achieved in 2022-2023 fiscal year was $64.55 billion, which saw a growth of 5.88 per cent.
Goods worth $55.55 billion and services worth $9 billion were exported in FY 2022-23, and the growth were 6.67 percent and 1.25 percent respectively.
Before to the announcement, the minister met with leaders of different business organizations and ministry officials where the business leaders urged the government to ensure uninterrupted gas and electricity supply to industries at affordable rates.
Otherwise, exports would be negatively impacted, they told the minister.
While announcing the new export target, Commerce Minister Tipu Munshi said the global economic slowdown has been considered when setting the new target.
Gas and power crises have also been considered while setting the target, the minister said.
NY
