The state government will develop local export hubs and nudge the e-commerce sector to double micro, small and medium enterprises (MSME) shipments to Rs 3 trillion in two-three years, according to sources.
The MSME department is working on a plan to promote 75 districts as potential export hubs for local industries to create jobs and contribute to the Rs 1 trillion dollar economy goal.
The state will invest in the promotion and online marketing of MSMEs, especially under the One District One Product (ODOP) scheme, to compete in the global markets.
The sector played a vital role in attracting private investment in the state, said Rakesh Sachan, the state’s MSME minister. The MSME department will send officials to Tamil Nadu and Odisha to study the mechanism of raw material banks set up in these states for possible replication.
However, these industries faced impediments to working capital, lack of marketing support, etc. In this regard, the UP government launched the ODOP scheme to revive traditional handicrafts and indigenous industries.