India's District-Led Export Strategy: A New Frontier
India aims to boost its export economy by implementing district and state-level export strategies. With initiatives in place across 28 states and Union Territories, the country focuses on identifying regional products and services with export potential. These efforts include addressing infrastructural and supply chain challenges to facilitate export growth.
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In a determined push to bolster the country's export economy, as many as 28 states and Union Territories have crafted strategic plans to promote outbound shipments, according to an official announcement on Monday.
The nation-wide effort involves all 36 states and UTs establishing State and District Export Promotion Committees to spearhead local export activities. A draft district action plan has been developed for 590 districts, with 249 plans receiving formal notifications.
The 'Districts As Export Hubs' initiative, outlined in the 2023 Foreign Trade Policy (FTP), aims to harness the unique potential of each district to drive export activities. Identified products and services will be supported through newly established institutional frameworks to boost market accessibility and overcome export obstacles.
(With inputs from agencies.)
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