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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 The government has rolled out incentives including tax refunds and drawbacks for courier-based exports, effective immediately.
Plans are also in motion to extend these benefits to postal route exports. The commerce ministry launched two digital platformsJan Sunvai and ERP portalto streamline services and grievance resolution online, aiming to improve the ease of doing business. Govt removes minimum export price on onion The Indian government has abolished the minimum export price of USD 550 per tonne for onions to aid farmers in capitalizing on an international surplus.
This policy change is intended to promote exports and is timely with upcoming assembly elections in Maharashtra, a significant onion-producing state. The directive is effective immediately as per a DGFT notification. Govt mulls logistics park to boost exports from state Chief Minister Pramod Sawant announced that the Goa government will support developing a logistics park to foster industrial growth and boost exports.
The Goa Logistics and Warehouse Policy, 2023 aims to promote eco-friendly commercial carriers, enhance warehousing opportunities, improve agricultural produce mobility from fields to markets, modernize jetties for waterborne cargo movement, and develop key inland river routes..
