SME Times News Bureau | 25 Apr, 2022
Vice President M. Venkaiah Naidu on Monday urged the exporters to look at newer markets to increase their exports.
He
also said the ambitious project of 'District Export Hub' announced by
the Government of India in 2019 is expected to boost exports.
"Most
of the 775 districts across the country are having the potential of
becoming export hubs. I am told that GI (Geographical Indication)
products are being given a fillip in this endeavour," Naidu said at a
function to distribute Export Excellence Awards for units located inside
the MEPZ Special Economic Zone (SEZ).
Congratulating the various award winners, Naidu said the country's exports have grown manifold in recent years.
"There
was a record achievement of 418 billion US dollars of merchandise
exports in the just-concluded 2021-22 financial year. Services exports
were about 250 billion US dollars. Together, they make up to 670 billion
US dollars, a remarkable achievement in spite of the pandemic," he
said.
The Vice President said the SEZs contribute about 28 per
cent of India's export basket. SEZs along with Export Oriented Units
(EOUs) contribute about one-third of the country's exports.
Naidu
said the economic landscape of Tamil Nadu will change on the completion
of the Chennai-Bangalore Industrial Corridor Project and the
Chennai-Kanyakumari Industrial Corridor Project and give a huge thrust
to exports.
