Virendra Singh Rawat
Lucknow, 27 Nov
To accelerate the pace of industrial development and socioeconomic growth, the Uttar Pradesh government has announced a new Export Policy 2020 for the state, which is aspiring to become a US$ trillion economy in the near future.
Under the policy, the state would promote special economic clusters in each of the 75 districts and espouse ‘Make in UP’ and ‘Make in India’ vision.
Besides, it has identified focus sectors, which would be promoted on priority to realise its target viz. handicraft, agriculture, food processing, defence manufacturing, engineering goods, handloom and textile, leather products, carpets, glass and ceramic products, wood works, education, tourism, medical supplies, logistics, IT etc.
The state cabinet meeting chaired by chief minister Yogi Adityanath here recently put its seal of approval to the new UP Export Policy 2020.
One of the primary objectives of the policy is to support the export enabling organisations, create technical and physical infrastructure, capacity building of export oriented units, facilitating national and global market reach of state units etc.
It would also simplify export related procedures and incentive top performing units in different sectors.
Further, the new policy is aimed at supplementing the ambitious target of doubling the income of the state farmers by promoting agriculture and allied activities, boosting farm exports, providing export incentives etc.
Meanwhile, the state is planning to float a global bidding process for hiring a consultant for preparing a roadmap of the $trillion dollar economy vision.
The UP government is targetting to augment its micro, small and medium enterprises (MSME) exports in the next three years to touch the Rs 3 trillion mark. During the 2018-19 and 2019-20 financial years, the UP MSME exports were to the tune of Rs 1.14 trillion and Rs 1.20 trillion respectively.
In the backdrop of big companies looking to exit China following the Covid-19 outbreak and the US-China trade war, the Adityanath government has rolled out a process of rationalising its various investment and export promotion policies to attract top corporations.
At the same time, the Yogi government is keen on cashing in on the quantum leap of 10 places by UP from 12th to 2nd position in the ‘Ease of Doing Business’ rankings announced by the Centre.
The government is mulling to commission a study of industrialised states viz. Andhra Pradesh, Tamil Nadu and Gujarat to cut the per unit production cost of industry for increasing their competitiveness.
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