3 days Ago
Jaipur: Despite a dip in exports from the state in the Apr-June quarter of the current fiscal, govt has set a target to raise exports to Rs 1.5 lakh crore by 2029 from the Rs 83,000 crore in 2023-24 and come up with strategies in the draft for a new policy to achieve it. The industries department has outlined objectives, identified thrust areas, put in place strategies, provided fiscal and non-fiscal incentives, and created an institutional framework to achieve the exports milestone.
Focus areas of the new policy, for which the draft has already been made, cover strengthening logistics, improving export infrastructure and air cargo services, etc. Diversification of products through value addition, promoting research and development, and undertaking market research are the among strategies identified as the key to enriching the ecosystem. The draft policy has provisions for making exporters a 75% reimbursement with a ceiling of Rs 3 lakh a year for participating in international trade fairs, exhibitions and buyer-seller meets organised in India and abroad to promote their products and services.
“Our focus is on supporting new exporters in matters like packaging and labelling, standardisation, quality assurance, support in transportation, and training them to smoothly navigate the process of obtaining import-export codes,” said Ajitabh Sharma , principal secretary of the industries department. He also said priority is being given on enhancing the competitiveness of exporters, fostering a sustainable and inclusive economic growth, and generating employment opportunities in Rajasthan. Through the policy, the govt seeks to promote initiatives to raise product quality and standards and facilitate certification of exported goods, said officials.
It also wants to undertake and promote sector-specific skill development and capacity building of human resources as per the requirements of the varied exporting industries, which are expected to double the workforce by 2029, they said. While the policy looks to leverage core strengths in sectors such as textiles, handicrafts, gems and jewellery, and dimensional stones, it also seeks to promote and identify high-potential sectors like agro and food processing, engineering goods, and pharmaceuticals for export development. We also published the following articles recently Government extends incentives to exports via couriers To boost exports, the government has extended tax refunds and drawback incentives for shipments made via courier.
Plans are underway to include postal route exports in these benefits. Two digital platforms, Jan Sunvai and ERP portal, have been launched for online service access and grievance resolution as part of ease of doing business reforms. Govt removes minimum export price on onion The Indian government has eliminated the minimum export price of USD 550 per tonne for onions to support farmers by leveraging the international surplus.
Effective immediately, this decision aims to enhance onion exports and precedes the upcoming assembly elections in Maharashtra, a significant onion-producing state. Govt mulls logistics park to boost exports from state Chief Minister Pramod Sawant stated that the Goa government will support a logistics park to drive industrial growth and exports. The Goa Logistics and Warehouse Policy, 2023, aims to promote eco-friendly transport options, improve warehousing facilities, and increase agricultural produce mobility.
It also plans to modernize jetties and develop key inland river routes..
