Will the Centre's New Guidelines Boost First-Time Exporters?
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Synopsis
The Indian government is preparing to roll out new guidelines to support first-time exporters and promote local products on a global scale. Commerce Minister Piyush Goyal emphasizes the unique One District, One Product initiative, aimed at enhancing economic growth across the nation. Join us as we explore the future of India's export landscape.
Key Takeaways
- Government to issue new guidelines for first-time exporters.
- Collaboration between districts and Ministry will promote local products.
- One District, One Product initiative recognized globally.
- India's diverse products poised for international markets.
- Bihar achieves 100% coverage under ODOP.
New Delhi, July 14 (NationPress) The Indian government is set to unveil new directives aimed at fostering the growth of first-time exporters and enhancing access to new markets and products, according to Commerce Minister Piyush Goyal. He emphasized the collaboration between the Ministry and local districts to promote the One District, One Product (ODOP) initiative, facilitating the entry of new exporters into diverse markets.
Minister Goyal noted that a total of 773 districts across various states have played a pivotal role in India's economic success story.
“India stands as an oasis amidst global turmoil and is the fastest growing large economy in the world today,” he stated, predicting that India will ascend to become the third largest economy by 2027.
He highlighted the nation’s rich variety of products that can elevate India’s status on the global stage.
Goyal provided examples such as Wayanad coffee, Ratnagiri mangoes, and Pulwama saffron, which exemplify the diverse range of products that can enhance India’s international reputation.
He described the One District, One Product initiative as a unique program, noting that no other country has implemented a comparable scheme, as each district showcases a distinct legacy.
Goyal also mentioned that it may be necessary to recognize two products under ODOP in certain instances, indicating that local products are increasingly gaining global recognition.
The minister revealed that 64 out of 87 products fall under the Industrial Investment Promotion Policy. He congratulated Bihar’s 38 districts for achieving 100% coverage of products under ODOP, highlighting the state's emphasis on this initiative.
He asserted that all products are integrated within the state’s economic framework and included in the industrial policy, categorizing Bihar as Category A in this context. He urged citizens to commit to making ODOP a driving force for prosperity in their districts through their products.
Point of View
We acknowledge the government's proactive stance in enhancing export opportunities for first-time exporters. The emphasis on the One District, One Product initiative illustrates a strategic approach to leveraging local strengths for global success. This initiative could prove vital in fostering economic growth and enhancing India's position in international trade.
NationPress
14/07/2025
Frequently Asked Questions
What is the One District, One Product initiative?
One District, One Product is a government initiative aimed at promoting specific local products from various districts across India to enhance their market presence and boost exports.
How many products are covered under the Industrial Investment Promotion Policy?
64 out of 87 products are included under the Industrial Investment Promotion Policy, focusing on fostering local production and export.
What role do districts play in promoting first-time exporters?
Districts collaborate with the Commerce Ministry to promote first-time exporters and assist in marketing their products globally.
How can I get involved with the ODOP initiative?
Individuals are encouraged to take a pledge to promote their local products under the One District, One Product initiative, thus contributing to local and national economic growth.
What is the significance of the 773 districts mentioned by Piyush Goyal?
The 773 districts have been instrumental in India's economic achievements, showcasing the diverse contributions of various regions to the national economy.
