Uttar Pradesh to Launch Export Policy

31 Dec 2024 CW Team

Uttar Pradesh is preparing to unveil a new five-year export policy aimed at increasing its share of India's total exports to 7.5 per cent, contributing to the state's ambition of becoming a $1 trillion economy. The policy, set for 2025-30, will replace the current one and is designed to enhance the state's export capabilities, supporting economic growth and job creation.

Minister for Industrial Development, Export Promotion, NRI, and Investment Promotion, Nand Gopal Gupta ‘Nandi’, stated that the policy’s target is to raise the state’s export share from 4.71 per cent in 2023-24 to 7.5 per cent. He emphasized that the initiative aligns with Uttar Pradesh’s ongoing efforts to improve logistics, investment, and export infrastructure. During the April-September period of the current financial year, Uttar Pradesh accounted for 4.89% of India's total exports. The state is already offering incentives to exporters through schemes such as the Marketing Development Assistance, Gateway Port Scheme, and Air Freight Rationalisation, with the upcoming Jewar Airport set to further improve connectivity.

Gupta also highlighted the success of the one-district-one-product scheme, which has provided training and toolkits to 1,33,472 artisans, fostering skill development and entrepreneurship. The state has identified district-specific products, enhancing the prospects of traditional crafts and supporting local employment.

India's goods and services exports are expected to exceed $800 billion in 2024-25, up from $778 billion in 2023-24.

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