Despite Lockdown Impact, UP Govt Expectant to Match its Export Target
The exports from the state suffered a 21% decline and decreased to Rs 8,168 crore from Rs 10,339 crore.
Working towards new ways to promote export from the state by holding a virtual exhibition.
The idea of the ODOP scheme is to have one district with one product as its priority.
Despite the signs of economic recovery in Uttar Pradesh with a specified rise in revenue collection of August and the state been ranking second in the ease of doing business, in accordance to the Centre’s assessment, the state government feels that despite the initial setback due to the COVID-influenced lockdown, it will be able to reach its export target, which has been described as a steady increase in the last five years.
In March and April due to the nationwide lockdown, the exports from the state had suffered a 21 percent of decline and have come down to Rs 8,168 crore from an amount of Rs 10,339 crore in the same month last year. In the month of April, the export was fled down even more drastically by 60 percent and had come
down from Rs 8,525 crore in 2019 to Rs 3,377 crore.
The Additional Chief Secretary (MSME and Export Promotion) Navneet Sehgal said, “In May, our export units reopened. We are working towards new ways to promote exports from the state. We will be holding a virtual exhibition in September where people from across the world can see our products and buy them. There are other things too which we are doing. The data for May, June, and July has still not come. It will be out soon, and we think it will be good”.
In the last five years, Uttar Pradesh has seen its export gradually getting increased from Rs 81,218 crore in 2015-16 to Rs 1,20,356 crore in 2019-20, it is a jump of 48 percent with the highest increase in 2018-19.
A scheme, ODOP “One District One Product” was launched by the state government in 2018 seems to be the attribution towards the substantial increase in exports. The success of the ODOP scheme has led to the Centre to take note of it and emulate it in other states as well.
Due to the lockdown, this year the exports in the ODOP category have dropped to Rs 65,982 crore (estimated). However, in this period, the food products have recorded an increase of 36 percent as compared to the last year and were fixed at Rs 4909 crore as compared to Rs 3620 crore in 2018-19.