UP aims to triple exports to Rs 5 trn in five years with help of new policy

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UP aims to triple exports to Rs 5 trn in five years with help of new policy - Business Standard

Quick Summary:

The thrust of the new policy would be to increase exports three times by 2030 from Rs 1.7 lakh crore in 2023-24 through host of measures including capital subsidy and sops for exporters, UP Minister for Industrial Development and Export Promotion Nand Gopal Gupta Nandi said.

Uttar Pradesh is working on a policy to promote exports and triple the outbound shipment from the state to over Rs 5 lakh crore in the next five years by tapping new markets and products.

To achieve the target, the state government is working on a new export policy for 2025-30 which is expected to be approved soon.