India's Rajasthan state drafts policy to boost exports

20 Mar '24

2 min read

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Insights

Rajasthan government has sought suggestions from trade bodies, industrialists, and exporters on the draft policy.
The aim of the policy is to have competitive export logistics in Rajasthan for all modes besides focussing on skill development programmes to promote entrepreneurship in the field.
Rajasthan was the 11th largest exporting state in India in FY23.

Aiming to boost exports through ease of doing business, faster clearances, and digital infrastructure, the government of Rajasthan has recently prepared a draft policy and is seeking views and suggestions from trade bodies, industrialists, and exporters on it.

Media reports claimed this citing the sources from within Rajasthan government in this regard, who added the code of conduct being in force on account of the upcoming Lok Sabha polls, dates for which have been announced recently, the policy will be implemented after the elections get over.

Striving for competitive export logistics in Rajasthan for all modes while also focussing on skill development programmes to encourage entrepreneurship, the draft Export Promotion Policy 2024 held with exports valued at $9.69 billion, which was 2.15 per cent of the India’s total exports, Rajasthan has been the 11th largest exporting state in the country in FY23 even as it underlined considering the sectoral advantages within Rajasthan’s economy, foreign trade would help uplift its economic prospects and create jobs on a large scale.

The draft policy focusses primarily on textiles, apparels, handicrafts, gems & jewellery, dimensional stone, agro and food processing, and auto & auto components, among other products.

It may be mentioned here Rajasthan recorded a compound annual growth rate (CAGR) of 8.22 per cent between FY19 and FY23, which surpassed India’s overall export growth rate of 8.11 per cent during the period.

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