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UP to double MSME exports in three years


The Uttar Pradesh government aims to double its MSME exports in the next three years to touch Rs 2.40 trillion. The state exported nearly Rs 1.14 trillion and Rs 1.20 trillion worth of MSME products during 2018-19 and 2019-20 financial years. Besides, the government aims to tap the lucrative global textile supply chain by providing a competitive avenue to international buyers, who are currently procuring textile and fabrics from China. It is holding discussions with UP-based units with regards to providing an alternative vendors base in UP to international buyers sourcing goods from China.

The government also plans to host virtual exhibitions (e-exhibition) during the current fiscal year 2020-21. Through these exhibitions, the state will offer help to exporters under the flagship Market Development Assistance (MDA) Scheme. The UP Export Promotion Council will also organize virtual exhibitions for the state exporting firms.