Export Crosses 52 K CR

With better infrastructure and more facilities in place, exports from Odisha has crossed Rs.52 000 Crore during 2017-18.

It was revealed in a meeting with ACS MSME L N Gupta and Additional Director General Foreign Trade, Anindita Sengupta held here today.

Mr.Gupta said in the meeting that exports on both Merchandize and Services Sector has registered growth resulting a total of Rs.52,412 Crore.

This has resulted in 28 Percent growth over 2016-17, which was Rs.42,000 Crore.

Thanks to the operationalization of International Air Cargo Facility at Biju Patnaik International Air Port, Port Side Container Terminal at Paradip Port completion of Multi Modal Logistict Park at Jharsuguda, making ready for operations, the Inland

Container Depot at Balasore has provided mopre scope for exports, admit officials.

Similarly Testing Laboratory of EIA is ready for operations and Testing Laboratory of MPEDA commenced operations, officials say.

While Odisha has enough potential for export business, Union Secretary Commerce Rita Teaotia has asked ADG Foreign Trade Ms.Sengupta to meet the Chief Secretary to chalk out strategy.

Earlier Ms.Teaotia visited the State and held discussions with Chief Secretary Mr.Padhi.

Ms.Sengupta today met Chief Secretary Aditya Prasad Padhi and held detailed discussion over the scope of exports from the State.

While Odisha is performing exceedingly well on exports from Metal and Mineral Sector, there is more scope from Service Sector as well as Agriculture and Allied Sector also.

These areas are to be tapped, pointed out Mr.Padhi, sources said.

Later Ms.Sengupta also met ACS MSME Mr.Gupta to discuss issues relating to scaling up exports.

Today Bhubaneswar Development Authority (BDA) allotted space Marine Products Export Development Authority (MPEDA) at Raptani Bhawan.

This will help MPEDA to scale up exports of Marine Products from the State, said Mr.Gupta.

Since 2014-15, Odisha continuously generating more business on export front, ACS MSME said.

During 2014-15, State did an export business of Rs.19,551 Crore, which went up to Rs.20591 Crore in 2015-16.

During 2016-17, exports touched Rs.42,000 Crore, and in 2017-18 it went up to Rs.52,412 Crore.

Exports from the state crossed Rs.1.03 Lakh Crore during last four years and the State has achieved a whopping 245 Percent growth over 2014-15, sources said.

According to sources, aluminium, products of aliminium has earned Rs.16390 Crore and Iron and Steel Rs.15,171 Crore, Petroleum Products Rs.5000 Crore, Iron Ore Rs.4470 Crore, Marine Products Rs.3087 Crore and Processed Minerals Rs.3051 Crore during 2017-18.

Services Sector has achieved an earning of Rs.3512 Crore from exports and it is on rise, said Mr.Gupta.

While IT and ITES Sector is growing in a much faster rate, however other Service Sector like Tourism , Health and Education will be able to generate more export earnings, said ACS Mr.Gupta.

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