Efforts have started to make Jharkhand a leading State in the field of exports. For this, Chief Minister Hemant Soren will lay the foundation stone of the World Trade Center at Dhurwa, Ranchi on Friday with a view to give impetus to the export business and provide better facilities. Earlier, to increase the productivity of export related activities, the State Government has constituted the State Export Promotion Committee and District Export Promotion Committee. JUIDCO will act as a technical and implementing agency for the execution of the project in the construction of the World Trade Center.
The State government will work to promote infrastructure by building a World Trade Center. The World Trade Centre, Ranchi will promote exports of agricultural food products, textiles, tasar products and engineering goods. It is to be known that Jharkhand is the largest producer of silk in the country, which accounts for 76.4 per cent of the total production of the country. Estimating the goods exported from Jharkhand, the total export from the state stood at USD 1,622.31 million in 2020-21. Exports from the state stood at USD 2,201.55 million in 2021-22 (up to February 2022). The major items exported from the state are iron, steel, auto parts, iron and steel products. In the financial year 2021-22, the total export of iron and steel from Jharkhand was USD 1.367 billion, which was 62.1 per cent of the total exports. Jharkhand produces 53 per cent of the total 5 states producing lac.
About 32 per cent of exports from Jharkhand go to South Asian countries like Bangladesh, Nepal. 25 per cent of the state's exports go to Southeast Asian markets. Vietnam tops it. Exports are 13 per cent to European countries such as Italy and 11 per cent to East Asian markets such as China.