UP Government’s New Export Policy Aims to Boost State’s Share in India’s Merchandise Exports
Team Finance Saathi
07/Jan/2025

What's covered under the Article:
- UP aims to increase its export share from 4.89% to 7.5% with new export policy incentives.
- The policy focuses on key sectors like food processing, handicrafts, and the One District One Product initiative.
- Infrastructure improvements, including warehouses and cargo terminals, are part of UP’s export growth strategy.
The Uttar Pradesh (UP) government is set to unveil a new export policy designed to significantly boost the state’s contribution to India’s overall exports. In 2022-23, UP's merchandise exports were valued at approximately Rs. 1,76,935 crore (US$ 20.67 billion), making up 4.71% of India’s total exports. However, the state is targeting a more ambitious share, aiming to increase its contribution to 7.5%. The exports for the first half of 2023-24 have already shown a positive growth, with Rs. 90,394 crore (US$ 10.56 billion) worth of merchandise exports, which raised UP’s share to 4.89%. With the introduction of the new export policy, the government is looking to further strengthen this momentum and position UP as a key player in India’s export landscape.
Key Objectives of the UP Export Policy
The new UP export policy will introduce a series of incentives targeting various industries that are critical to the state’s economy. Among the key sectors benefitting from this policy will be food processing, handicrafts, and the One District One Product (ODOP) initiative, which has been widely successful in promoting local crafts. UP is known for producing Banarasi silk sarees, Bhadohi carpets, Lucknow chikan embroidery, Kanpur leather goods, and Agra footwear, all of which are major export commodities.
In addition to providing financial incentives, the policy will focus on a variety of support mechanisms to enhance the growth of these industries. The UP government plans to offer incentives for job creation, marketing support, air freight subsidies, and international certification assistance. These provisions are designed to make UP's products more competitive on the global stage, while simultaneously creating more employment opportunities in the state’s export sectors.
Infrastructure Development: A Key Focus
Given UP’s landlocked status, improving infrastructure to support the export supply chain is a critical part of the government’s strategy. The state is looking to transform all 75 districts into export hubs by developing essential infrastructure such as warehouses, cargo terminals, and trucking hubs. These facilities will primarily be built in industrial zones and near expressways, making transportation and logistics more efficient.
The UP Warehousing & Logistics Policy will play a pivotal role in attracting private investments into the state’s infrastructure projects. Financial incentives for private players in the warehousing and logistics sectors will ensure that UP becomes a key player in export logistics. Furthermore, UP is working towards creating seamless connectivity across air, road, rail, and water networks, facilitating smoother market access both within India and internationally.
Target for the Future: Rs. 3,00,000 Crore in Merchandise Exports
The ultimate goal of the UP government’s export policy is to achieve merchandise exports worth Rs. 3,00,000 crore (US$ 35.05 billion) within the next two to three years. This ambitious target aligns with the government's broader economic vision and will contribute significantly to India’s export growth. The focus on incentives for exporters, along with the development of modern infrastructure, will help UP in reaching its export target.
Conclusion: A Bright Future for UP's Export Landscape
The UP government’s new export policy aims to strengthen the state’s economic position, focusing on key export sectors, enhancing infrastructure, and providing much-needed incentives for exporters. By improving logistics networks, offering financial support, and developing export hubs in every district, the state will not only improve its global competitiveness but also create substantial employment and business opportunities for its residents.
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