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Odisha sets a target to reach Rs1 lakh crore exports in eight years

The Odisha government, which is working on a new state export policy, has set a target of reaching Rs 1 lakh crore of exports by the year 2025.

A spokesman of the state government said that “Odisha has set a target of achieving an export turnover of Rs 1 lakh crore by 2025.”

He said the Government is working on a number of enabling factors that would be included into the new export policy in order to give a major boost to the State’s export turnover.

“A draft has been prepared for Odisha Export Policy, 2017, which lays emphasis on promoting the exports from traditional as well as non-traditional sectors,” the spokesman said while addressing a seminar on export finance in Bhubaneswar.

The Odisha Export Policy will be in line with India’s Foreign Trade Policy (FTP) 2015-2020.  Odisha’s export turnover, which was around Rs 563 crore in 2001-02, surged to Rs 19,082 crore in 2014-15.

Exports from the State have increased to Rs 40,872 crore during the last fiscal of 2016-17, recording an growth of 114 per cent compared to the turnover in 2015-16.

He said that the State’s export turnover will get an additional boost when Inland Container Depots (ICD) at Balasore and Jharsuguda became operational and with the operationalization of Marine Products Exports Development Authority’s (MPEDA) export inspection agency, which is about to complete.

 


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