Nearly 100 Districts To Be Developed As Export Hubs: Centre
export (representative image) (GettyImages)The Central government will identify nearly 100 districts nationwide and develop them into export hubs using a "bottom-up approach", Director General of Foreign Trade Santosh Kumar Sarangi announced on Friday (31 March).
Sarangi said that the idea behind the initiative is to involve more youngsters at the district level, such as collectors, so that they view export boosting as a core rather than peripheral function.
Phase one of the initiative includes 75-100 districts and may expand in the next step.
Sarangi stated that the export programme includes both goods and services, covering various products and services, distinguishing it from the One District One Product initiative.
The DG Foreign Trade also said that the newly announced Foreign Trade Policy (FTP) 2023 will provide policy continuity and a responsive framework.
The FTP has also introduced an amnesty scheme for one-time settlement of default in export obligation by Advance Authorisation and EPCG authorisation holders.
The policy also seeks to encourage e-commerce exports which is expected to grow to $200-300 billion by 2023.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
