UP's new export policy to boost the market potential of Lucknow & other districts

The state's contribution to the Indian exports is only at 4.55% per annum.

The Uttar Pradesh government is currently aiming to achieve a one-trillion-dollar state economy by drafting a new export policy to encourage such an endeavor, backed by functional businesses in the state. The new policy will be chalked to increase the exports from the present 1.20 lakh crores to 3 lakh crores annually, by extending several incentives to the exporters in Uttar Pradesh. In order to ensure that the export targets are met, the Uttar Pradesh governement is planning to focus on sectors with high potential.


A common facility centre to be initiated

The state houses around 18% of India's population, inclusive of a significant number of youths who are considered as valuable human resource for the industry. Also, the state has a large number of micro, small and medium enterprises and they offer potential for increased exports of various handicrafts in the global market.

However, despite this huge potential, the state's contribution to the Indian exports is only at 4.55% per annum, so in order to boost the figures, the authorities are now focusing on bringing in a new policy to bolster exports. Companies which transport goods from ports to neighbouring countries will be granted a subsidy in transport whereas the electricity duty of MSMEs which export 50% of their production, will be waived off.

Along with these reforms, a common facility centre would be set up under the umbrella of Uttar Pradesh Export Development Scheme, to provide the facilities of processing and packaging of products to different companies under one roof. Similarly, holding of buyer-seller meetings and providing facilities to export-oriented units in exhibitions across the world, are also on the list. Additionally, the Uttar Pradesh government plans to extend financial help to exporters for getting necessary certifications for exports, to the European Union and China.

Federation of India Exports Organisations to be a knowledge partner

In every district, a Export Development Centre will be set up in line with their potential for exports in different products. These centres will act as hubs to provide necessary aid to exporters and to help them in obtaining the required approvals and permissions from the concerned authorities.

The Federation of India Exports Organisations will be a knowledge partner in this venture and the District Magistrate will captain these export hubs. The DM will make sure that the coordination between export councils and export promotion committees in their respective districts are held seamlessly. Uttar Pradesh Additional Chief Secretary mentioned that handicrafts and food processing sectors hold much potential for exports and the state will focus on the same in the new export policy.

Mumbai infra works to witness rapid growth with MMRDA's 2021-3 budget

Mumbai's secondary metro corridors, Metro 2-A and 7 have also received ₹700.65 crore and ₹999.45 crore, respectively

Mumbai Metropolitan Region Development Authority, in a meeting with the State Urban Development Minister on Tuesday, approved a sum of ₹12,969.35 crores as budget to develop infra works in the MMR. A significant part of this allocation has been dedicated to ramping up the metro network in Mumbai, read reports. This is set to scale up the rate of development in the maximum city, bridging a better connect and commute for the benefit of all.

Keep reading... Show less

Lucknow observes hottest February in 15 years; mercury levels expected to break all-time record!

Exceptional weather recorded for the 3rd time in the year

With the early departure of winters, Lucknow has already shaken hands with its hard tryst with the summer season, given the changing climatic conditions. As per reports, the city has witnessed the warmest February in a period of 15 years, with mercury levels hovering over 33.4° celsius. Reportedly, the temperature, which has registered daily increments for the past 20 days, is anticipated to surpass an all-time record of 35.9° celsius for the month, observed on February 25, 2006.

Keep reading... Show less

Selection for various state-level competitions witness enthusiastic participation in Kanpur

16 out of 130 players were selected at the Fencing trials held in Gokul Dham Dharamshala, Sarsaiyya Ghat.

The active involvement of Kanpurites in the trials for state-level competitions is all set to strengthen the position of this city as a sports hub. As per the latest news, players from the city have been selected to compete in the state-level Shooting and national-level Fencing competition, slated to commence soon. Further, the city's Bodybuilding Association is hosting trials for players who wish to compete in the upcoming championship, being organised on 13 March. With these developments, Kanpur is soon expected to become a home to top-notch sports stalwarts!

Keep reading... Show less

Lucknow's new AC Fruit Market to take 'Safeda' & 'Dashehri' mangoes to international levels!

Having 76 chambers and shops, the centralised AC fruit market will be the first of its kind in the city.

The Uttar Pradesh state government has been attempting to boost the market of horticultural products for a long time. In the latest string of developments, the state's first air-conditioned mango and fruit market has been set up in Malihabad town of the capital district, Lucknow. Expected to be inaugurated by the end of the next month, this new establishment shall propel the business of fruits and locally produced mangoes.

Keep reading... Show less

Rajasthan government mandates negative COVID report for commuters arriving from Kerala & Maharashtra

The decision has come after the renewed acceleration of COVID cases in Maharashtra and Kerala

Hailed by the World Health Organisation for its efforts during the COVID pandemic, Rajasthan has actively executed a list of initiatives to contain the spread of the COVID contagion. Now, alarmed by the renewed acceleration of COVID cases in Maharashtra and Kerala, the state government has decided to mandate the presence of a negative report of RT PCR test for all commuters travelling to Rajasthan from these two states.

Keep reading... Show less

Subscribe to our newsletter

Newsletter

Most Read

Headlines

Lucknow

Kanpur

Trending

Jaipur

Indore

Goa

Mumbai