Govt plans Rs 10k cr scheme to develop 700 districts as export hubs
WAREHOUSING & LOGISTICS

Govt plans Rs 10k cr scheme to develop 700 districts as export hubs

The Ministry of Commerce and Industry proposed a scheme of Rs 10,000 crore for developing 700 odd districts as export hubs in the country, which will later be part of the next foreign trade policy.

According to officials, the centre’s contribution will be approximately of Rs 10,000 crore and the remaining will be done by the respective states.Therefore, the scheme will have a larger outlay.

The contribution of the state can be between Rs 5,000 to Rs 6,000 crore.

The products and services having potential are identified in several districts of the country, under the 'Districts as Exports Hub' initiative.These include agricultural and toy clusters and products having geographical indications.

In the upcoming three to five years, the government aims at achieving a double-digit export growth with the help of 500 districts in India.

The merchandise exports of India increased to a record 38.91% on a yearly basis to $37.81 billion in December 2021. It has amounted to $301.38 billion in the period of April-December.

The District as Exports Hub does not have budgetary support and is still an initiative. A proposal has been sent to the Ministry of Finance for the launch of a new scheme.

An institutional mechanism is set for every district as a District Export Promotion Committee under the initiative.The main function of these committees will be preparing and executing district specific export action plans.The plans would be in collaboration with Centre’s and State’s relevant stakeholders.

Image Source

Also read: No PSIC needed for metallic scrap import from 6 safe nations : DGFT

The Ministry of Commerce and Industry proposed a scheme of Rs 10,000 crore for developing 700 odd districts as export hubs in the country, which will later be part of the next foreign trade policy. According to officials, the centre’s contribution will be approximately of Rs 10,000 crore and the remaining will be done by the respective states.Therefore, the scheme will have a larger outlay. The contribution of the state can be between Rs 5,000 to Rs 6,000 crore. The products and services having potential are identified in several districts of the country, under the 'Districts as Exports Hub' initiative.These include agricultural and toy clusters and products having geographical indications. In the upcoming three to five years, the government aims at achieving a double-digit export growth with the help of 500 districts in India. The merchandise exports of India increased to a record 38.91% on a yearly basis to $37.81 billion in December 2021. It has amounted to $301.38 billion in the period of April-December. The District as Exports Hub does not have budgetary support and is still an initiative. A proposal has been sent to the Ministry of Finance for the launch of a new scheme. An institutional mechanism is set for every district as a District Export Promotion Committee under the initiative.The main function of these committees will be preparing and executing district specific export action plans.The plans would be in collaboration with Centre’s and State’s relevant stakeholders. Image Source Also read: No PSIC needed for metallic scrap import from 6 safe nations : DGFT

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?