Uttar Pradesh’s export has increased from Rs. 89,000 to Rs. 1.57 billion over the past six years, the state government said on Tuesday.
“Although it is a landlocked country, it has seen remarkable export growth from 88,967 crores to 1.57 lakh crores in the last six years of the Yogi government,” the government’s official statement said.
It was also said that Uttar Pradesh would become an “export state” of India.
Among the 43 Centers of Export Excellence selected by the central government, 12 are from Uttar Pradesh.
“While releasing the country’s 2023 Foreign Trade Policy, the central government recently declared four other locations including three in Uttar Pradesh, namely Varanasi, Moradabad and Mirzapur, as centers of excellence for exports, which speaks volumes about the development seen in the state .” the statement said.
Mirzapur is known for its handmade carpets, Moradabad for carpets and Varanasi for hand weaving and handicrafts.
The other 9 cities of UP already on this list are Kekhra (for handloom), Malihabad (for horticulture), Kanpur (for leather products), Agra (for leather products), Firozabad (for bangles glassware), Saharanpur (for Handicrafts), Bhadohi (for carpets) and Noida (for clothing products).
Inclusion on this list means that these cities will have priority access to the Export Promotion Fund and all of these cities will be able to receive common service provider benefits for processing exports under the Capital Goods Export Promotion Program (EPCG).
The state government places a special focus on the export of traditional products of Uttar Pradesh as well as ensuring ‘ease of doing business’ in the state.
With the establishment of dry ports and the opening of a waterway between Varanasi and Haldia, the state government has opened new doors of opportunity for entrepreneurs investing in the state.
CM Yogi Adityanath has set a goal of developing the state into a $1 trillion economy over the next five years to establish it as the country’s growth engine, in line with PM Modi’s determination to transform the country into a 5- to make a trillion dollar economy.
“In this regard, the government is focusing on boosting exports from Rs 1.57 lakh crores to 2 lakh crores at the earliest,” she said, adding, “Various facilities will be available to both investors and entrepreneurs from the state provided . ”
The government has also introduced 25 sectoral policies to boost industrial growth in different sectors. A framework is being prepared to implement investment proposals worth Rs 35 lakh crore received via the Global Investors Summit (UPGIS 2023).
The Yogi government introduced the concept of dry ports through the UP Storage and Logistics Policy 2022 to facilitate the transportation of export cargo to seaports, and many entrepreneurs are investing in it.
As Uttar Pradesh is a landlocked country with various export clusters, the focus will be on the development of dry ports in the state. An inland port is listed under dry ports, in which the customs formalities between the exporter and the importer are settled. After that, the containers are sent to the port
Dry ports currently in operation include Moradabad Rail Linked Joint Domestic and Exim Terminal, Rail Linked Private Freight Terminal and Inland Container Depot (ICD) at Kanpur and ICD at Dadri Terminal. A Multi-Modal Logistics Hub (MMLH) in Dadri and a Multi-Modal Transport Hub (MMTH) in Boraki (Greater Noida) are also being developed. India’s first “Freight Village” is being developed on a 100-acre site in Varanasi, which will serve as a hub for inbound and outbound cargo, linking the export centers of Uttar Pradesh with the ports of East India.