Uttar Pradesh Launches Export Promotion Policy 2025-30 to Counter Impact of U.S. Tariffs
The Uttar Pradesh government has introduced the Export Promotion Policy 2025-30 to support exporters affected by the 50% U.S. tariffs on Indian goods. The policy focuses on key sectors like leather, textiles, and gems, which face significant competition from countries like Vietnam. It offers financial assistance, marketing development support, and logistics subsidies to help small businesses reach international markets. By strengthening the 'One District One Product' (ODOP) scheme and improving global connectivity through new airports, the state aims to build a resilient export base and achieve a $1 trillion economy.
Key Points
- The policy provides a 30% reimbursement of inland freight costs to help landlocked exporters.
- Financial assistance is provided to MSMEs to meet international standards and participate in global trade fairs.
- The ODOP scheme has been a major driver, promoting unique products from all 75 districts of Uttar Pradesh.
- The state is developing infrastructure like the Jewar airport to enhance cargo capacity and global reach.
Exam Facts
- Uttar Pradesh Export Promotion Policy covers the period 2025-30.
- The One District One Product (ODOP) scheme was launched in 2018.
- The policy includes a performance-linked reward of 1% on year-on-year incremental export growth.
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