Odisha has soared in export turnover of the state to register Rs 40,872 crore in 2016-17 in a span of some 15 years, and now aims to achieve Rs 1 lakh crore turnover by 2025, said Micro, Small and Medium Enterprises (MSME) Secretary L N Gupta on July 20 while addressing an export finance seminar in Bhubaneshwar.
Focusing on the promotion of exports from both traditional and non-traditional sectors in the state, Odisha Export Policy 2017 has been drafted in line with Foreign Trade Policy of India (2015-2020), the Secretary informed.
If we look back to 2001-02, the state had registered an export turnover of merely Rs 563 crore which hiked to Rs 19,082 crore in 2015-16, and by just another fiscal the turnover jumped 114 per cent to mark a whopping Rs 40,872 crore worth export during 2016-17.
Gupta further said the Inland Container Depots (ICD) at Jharsuguda and Balasore and testing laboratories and export inspection agency of Marine Products Exports Development Authority (MPEDA) are shaping up and will be completed soon. The depots, laboratories and agencies are being prepared with an expectation to further boost the export turnover of Odisha, a very hopeful MSME Secretary of the state said.