Odisha posts 64 per cent growth in merchandise exports, highest in five years- The New Indian Express

By Convey Information Support

BHUBANESWAR: The unprecedented disruption caused by the Covid-19 pandemic notwithstanding, exports from Odisha have registered a expansion of 64 per cent (pc), the maximum in the final 5 yrs, surpassing the Rs 1 lakh crore milestone established by the government.

Official sources mentioned the state’s merchandise exports have recorded healthful expansion in phrases of both price and volume in the final fiscal. Though the authorities experienced established a target of attaining Rs 1 lakh crore exports by 2025, the outbound shipments rose to Rs 1,32,405 crore in 2021-22 from Rs 80,419 crore in 2020-21.

Barring 2018-19, a climbing development in the state’s export carries on. The volume of exports was Rs 52,677 crore in 2017-18, Rs 48,119 crore in 2018-19 and Rs 51,742 crore in 2019-20. Major products categories which have recorded growth in each price and quantity include engineering, chemical and allied, metallurgy, agriculture and forest, maritime, handicraft, textile, pharmaceutical and application and electronics. Although engineering, chemical and allied, textile and agriculture and forest sectors have recorded the best growth, the volume of exports has dropped in mineral and other sectors.

The goods exports rose from Rs 38,122 crore to Rs 86,726 crore in metallurgical, Rs 7,854 crore to Rs 15,496 crore in engineering, chemical and allied, Rs 4,701 crore to Rs 5,207 crore in software and electronics, Rs 177 crore to Rs 469 crore in agriculture and forest, Rs 3,114 crore to Rs 4,462 crore in marine, Rs 205 crore to Rs 630 crore in textile, Rs 8.8 crore to Rs 16.32 crore in pharmaceutical and Rs 9 lakh to Rs 2.02 crore in handloom.    

The outbound shipments in the mineral sector have appear down by 26 computer system – from Rs 26,189 crore in 2020-21 to Rs 19,374 crore in 2021-22. For other sectors, it is down from Rs 37 crore to Rs 11 crore. An Industries office official said, the export progress amount was optimum at 207 pc in textile, adopted by 165 personal computer in agriculture and forest, 127 computer system in metallurgy, 97 computer in engineering, chemical and allied in addition to 85 personal computer in the pharmaceutical sector.

“This upward development will continue in the coming a long time. The state govt has just lately released a new export coverage, which focuses on enhancement in criteria of good quality and products and solutions, benefit addition in traditional exportable goods, to obtain a target of Rs 3.5 lakh crore exports by 2026-27,” he extra.

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