MSME dept in UP plans to double exports to `3 lakh crore in 5 years - Viral Khabra

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Monday, April 18, 2022

MSME dept in UP plans to double exports to `3 lakh crore in 5 years

Lucknow: The Uttar Pradesh government plans to lay the foundation stones of three flatted factory complexes in Agra, Kanpur Nagar and Gorakhpur, a mini industrial area in Aligarh as well as convenience centres at Sant Kabir Nagar and Chandauli in the next 100 days.

Besides, the MSME department will start infrastructure improvement works at Farrukhabad and Talkatora (Lucknow), while increasing the cost of Mukhyamantri Yuva Swarojgar Yojana from Rs 25 lakh to Rs 1crore.

Chief Minister Yogi Adityanath has directed the Micro, Small and Medium Enterprises and Export Promotion department to achieve its ambitious targets in a time-bound manner in order to enhance investments and production, generate employment for the youth on a massive scale and boost exports.

The chief minister’s directive follows a presentation by the department to the Yogi cabinet 2.0 on its targets for 100 days, six months, two years and five years.

The MSME and Export Promotion department seeks to increase MSME exports to Rs 2 lakh crore in the next couple of years and Rs 3 lakh crore in five years through an array of initiatives.

The initiatives include setting up of six MSME parks across the state, setting up of mega leather clusters in Kanpur Nagar and increasing the disbursal of credit to MSME sector to Rs 5 lakh crore in cooperation with banks, which will pave the way for creation of five crore jobs.

It is worth mentioning here that Uttar Pradesh has witnessed 41 per cent jump in its export value in the last five years from Rs 88,967 crore in 2017-18 to Rs 125,903.76 crore in 2021-22 (till January 2022), which is expected to reach Rs 150,000 crore by the end of this year.

Meanwhile, the department aims to distribute tool kits and facilitate loans for five lakh and 1.5 lakh artisans under Vishwakarma Shram Samman Yojana and the One District One Product (ODOP) scheme in the next five years. Furthermore, the department has set the ambitious target of attracting investments worth Rs 8 lakh crore and double sale of ODOP products in the next five years. (Agencies)

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