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UP drafts 'services export' policy to attract investors, earn forex

UP is targetting to increase merchandise exports to almost Rs 3 trillion in the next three years

bigbasket, online delivery, logistics, warehouse, storage

While services exports contribute a significant share in India’s exports, the global market size of services sector imports is estimated to be $6 trillion.

Virendra Singh Rawat Lucknow
The Uttar Pradesh government is drafting its maiden ‘services export’ policy to woo private investors and earn foreign exchange. The proposed policy will accord priority to key services sectors of medical value travel, tourism, IT/ITeS, logistics and education. 

“Uttar Pradesh is among the top five merchandise exporting states in India. Now, we are targetting to become a leading services exporter to realise our grand vision of becoming a $-trillion economy in the coming years,” UP industrial development and export promotion minister Nand Gopal Nandi said.

He noted that export was a vital component of a modern economy, and the state’s

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First Published: Aug 25 2022 | 5:29 PM IST

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