Exports could touch $75 bn: Kamal Nath

Buoyed by the 26 per cent export growth rate in the first five months of FY05, Commerce and Industry Minister Kamal Nath said on Thursday, total exports could reach the $75-billion mark for the current fiscal. The export target for 2004-05 is 16 per cent ‘‘I am determined we shall exceed this.

I want it to be at 20 per cent.’’ The challenge is to strive to sustain the growth rate of 20 pc and above for the next five years, he said. To boost investor confidence in special economic zones, an SEZ Act is being introduced shortly, Nath said.