Raj govt sets Rs 1.5L cr export target by 2029
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.
