September 22, 2021: Odisha sets export target to reach a turnover of Rs 1 lakh crore by 2025, AK Tripathy, Principal Advisor to the Odisha Chief Minister mentioned while participating in the ‘Commerce Festival’ on Tuesday.
In 2017, Odisha already set a target of achieving an export turnover of Rs 1 lakh crore by 2025 in a draft of Odisha Export Policy, 2017 that was prepared in alignment with the Foreign Trade Policy of India (2015-2020), laying emphasis on promotion of exports both from the traditional and non-traditional sectors.
Odisha sets export target again at Vanijya Utsav
The Department of Commerce (DoC) under the Union Ministry of Commerce and Industry and Directorate General of Foreign Trade (DGFT) in association with the state MSME and Industries Departments organised the Vanijya Utsav, a conclave of exporters, as part of the ‘Azadi Ka Amrit Mahotsav’ to showcase the country as a rising economic force.
Satyabrata Sahu, Principal Secretary, MSME Department, Odisha said that the state has mines, minerals, sea, agriculture and other valuable resources. The state is contributing to the economic growth at the national level. Hemant Sharma, Principal Secretary, Industries Department, said that there is a need to focus on the policies of future exports.
Odisha sets export target, Vanijya Utsav strengthened export target again
Vanijya Utsav was organised in a hybrid mode the place senior officers from the federal government of Odisha, DGFT, Indian Oilseeds and Produce Export Promotion Council (IOPEPC), ECGC, FIEO, and different stakeholders made displays.
Earlier in 2017, the reports said that Odisha’s export rose to Rs 40,872 crore during 2016-17 registering an increase of 114 per cent over the turnover of 2015-16, said the Micro, Small and Medium Enterprises Secretary.
According to the 2021 official statement, the former chief secretary Tripathy said, “Odisha is the steel capital of the country. Two aluminium parks are being built here. The state is poised to become the top exporter of the country.”
“India has set a target of 400 billion dollars export, which is a quantum jump from the current export of 291 billion dollars. It will be possible with collaborations of policymakers and stakeholders,” said Prafulla Chandra Mishra, Statistical Advisor, DGFT, Ministry of Commerce and Industry.
Odisha government approves 640 cr development projects in mining districts
The Odisha government also approved projects worth over Rs 640 crores for developmental work in various sectors in mineral-bearing districts of the State. Chief Secretary Suresh Chandra Mohapatra gave the nod to the projects in a board of directors’ meeting of the Odisha Mineral Bearing Areas Development Corporation (OMBADC), an official release said.
OMBADC CEO Uma Nanduri said 889 secondary schools in Angul, Dhenkanal, Deogarh, Jajpur, Jharsuguda, Mayurbhanj and Sundargarh districts were included under the project at an estimated amount of Rs 533.4 crores.
A Rs 3.1 crore project was sanctioned for the application of information and communication technology (ICT) and data science for the development of the environmental information system in the mining areas of Odisha. Apart from It, a proposal for the development of multipurpose indoor stadiums, projected to cost Rs 104 crores, for 11 civic bodies in the mining-affected districts were also sanctioned in the meeting, the release said. The facilities will nurture and promote sporting talent, it said.