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The major exports from the state are meat, apparel, shoes, pearls and precious stones, carpets, furniture, aluminum products, leather products, organic chemicals, plastic and grains etc.
Lucknow : Uttar Pradesh is working on a policy of promoting exports and exploiting new markets and products to triple exports from the state to more than Rs 5 lakh crore in the next five years. The Uttar Pradesh government is working on a new export policy for 2025-30. Uttar Pradesh’s Industrial Development and Export Promotion Minister Nand Gopal Gupta Nandi said that exports will be increased three times, including capital subsidies and concessions for exporters.
The best practices have been included in the draft policy: Nandi
The minister said that extensive studies have been done for the export policies of various governments across the country and the draft policy has included the best practices. For example, he said, the proposed policy provides for providing up to Rs 10 crore to investors as capital subsidies for the manufacture of export infrastructure.
Assistance of up to Rs 5 lakh will be available for payment of premium
Exporters will also be provided assistance of up to Rs 5 lakh for payment of annual premium to exporters under the Export Loan Guarantee Corporation of India (ECGC). In this, every exporting unit also plans to increase the assistance of Rs 25 lakh every year compared to Rs 16 lakh in the current policy. With the new policy, exporters are expected to get an incentive of up to Rs 30 lakh every year for transporting goods up to the gateway port. Major exports from the state include electrical machinery, meat, apparel, shoes, pearls and precious stones, carpets, furniture, aluminum products, leather products, organic chemicals, plastic and grains etc.
The Yogi government believes that there is a proper environment to promote exports in the state. Export will strengthen the state’s economy. Investors will also be given a lot of encouragement from the government. The state government will also provide a lot of facilities for more and more investors in the state.
