The Yogi Adityanath-led Uttar Pradesh government will soon unveil a new export policy for 2025-30 as the State aims to significantly increase its share in India’s outward shipments and create more employment opportunities.
Under the 2020-2025 export policy, the state government provides comprehensive hand-holding support to the exporters. In an interview to The Pioneer, Uttar Pradesh minister for industrial development, export promotion, NRI, and investment promotion Nand Gopal Gupta ‘Nandi’ informed that the state government is working on a new five-year export policy and extensive consultations with different stakeholders are being held.
“We are working on unveiling an ambitious Export Policy for 2025-30 to boost the state’s contribution to India’s exports,” the Minister said.
In FY 2023-24 state’s share in India’s total export was 4.71 per cent. In the first two quarters (April-September) of the current financial year, Uttar Pradesh’s share in country’s total export was estimated at 4.89 per cent.
“Our focus on enhancing export capabilities will propel UP towards becoming a USD 1 trillion economy, driving revenue and fostering development. The Yogi government remains committed to transforming Uttar Pradesh into India’s most prosperous state,” Gupta said. He said operationalisation of the Jewar Airport will further help exports from the state. It will save time and save expenditure on freight charges.
To promote export-oriented industries, the Government of Uttar Pradesh has ensured development of adequate infrastructural facilities in the state. It is to be noted here that the state has the largest rail network in the country, 38 per cent of the expressways, 4 international airports, 9 domestic airports and 7 under-construction airports along with Jewar Airport which is due to be operational very soon.
The Minister informed that the government is providing financial assistance to the exporters through various schemes, including Marketing Development Assistance, Gateway Port Scheme and Air Freight rationalization schemes. Uttar Pradesh has also started organising International Trade Show (UPITS) since 2023 through which it is providing global marketing exposure and business to the exporters by conducting B2B sessions.
Besides the government is also providing international marketing exposure to exporters from the state by participating in various international trade shows organised by the central government like IITF and Bharat Tex.
Minister Gupta emphasised the state government has adopted export as well as investment friendly policies along with a focus on the development of better logistics facilities in the state. All these initiatives will help in increasing exports from the state and help Uttar Pradesh become a USD One trillion economy.
India’s total exports (merchandise and services combined) during April-November 2024 was estimated at USD 536.25 billion, a growth of 7.61 per cent from USD 498.33 billion in the year ago period.
