UP bullish on highways sectorUP CM Yogi Adityanath

Virendra Singh Rawat

The Uttar Pradesh government is looking to tweak the export policy to attract private investors.

The new export policy in the making will offer more incentives and sops to pitch UP as a preferred destination for investors and promote shipments.

In 2023-24 financial year, UP logged exports of more than $20 billion, which accounted for nearly 4.71 percent of India’s exports.

The state is now targetting to clock 7.5 percent share in India’s exports. In the first six months (Apr-Sep 2024) of the current financial year 2024-25, UP clocked shipments of $10.56 billion.

The new export policy will also promote UP’s flagship One District One Product (ODOP) scheme apart from boosting food processing, handicrafts etc.

Apart from laying stress upon job creation, the new policy will offer attractive incentives in the form of marketing development support, air freight subsidy, international certification subsidy, Gateway Port Freight Subsidy etc.

In fact, the Yogi Adityanath government is targetting merchandise exports of Rs 3 trillion in the next 2-3 years.

The state is developing all 75 districts as export hubs for local industries by creating a network of warehouses, cargo terminals etc in the landlocked state.

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