Despite a dip in exports from the state in the Apr-June quarter of the current fiscal, govt has set a target to raise exports to Rs 1.5 lakh crore by 2029 from the Rs 83,000 crore in 2023-24 and come up with strategies in the draft for a new policy to achieve it.
The industries department has outlined objectives, identified thrust areas, put in place strategies, provided fiscal and non-fiscal incentives, and created an institutional framework to achieve the exports milestone.
Focus areas of the new policy, for which the draft has already been made, cover strengthening logistics, improving export infrastructure and air cargo services, etc.
Diversification of products through value addition, promoting research and development, and undertaking market research are the among strategies identified as the key to enriching the ecosystem.
The draft policy has provisions for making exporters a 75% reimbursement with a ceiling of Rs 3 lakh a year for participating in international trade fairs, exhibitions and buyer-seller meets organised in India and abroad to promote their products and services.
“Our focus is on supporting new exporters in matters like packaging and labelling, standardisation, quality assurance, support in transportation, and training them to smoothly navigate the process of obtaining import-export codes,” said Ajitabh Sharma, principal secretary of the industries department. He also said priority is being given on enhancing the competitiveness of exporters, fostering a sustainable and inclusive economic growth, and generating employment opportunities in Rajasthan.
Through the policy, the govt seeks to promote initiatives to raise product quality and standards and facilitate certification of exported goods, said officials. It also wants to undertake and promote sector-specific skill development and capacity building of human resources as per the requirements of the varied exporting industries, which are expected to double the workforce by 2029, they said. While the policy looks to leverage core strengths in sectors such as textiles, handicrafts, gems and jewellery, and dimensional stones, it also seeks to promote and identify highpotential sectors like agro and food processing, engineering goods, and pharmaceuticals for export development.
