Kerala releases export policy draft

The Kerala government has drafted an export promotion policy (EPP) that includes a slew of incentives and other institutional support for stakeholders.

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The draft policy makes a compelling case for implementing targeted strategies and initiatives to enable exporters to access the state’s vast supply of high-quality goods and services.

The policy is developed on behalf of the Department of Industries and Commerce (DI&C) by the state’s investment promotion agency, Kerala State Industrial Development Corporation (KSIDC).

The final policy will be announced in January 2024. The EPP proposes a variety of supportive measures, including a district-oriented approach to tapping external markets for products from various regions.

Kerala is already a major exporter of a wide range of goods, including spices, marine products, tea, ayurvedic and healthcare products, tourism, and IT and ITeS services. Still, there is enormous potential to boost the revenue-generating sector through strategic actions such as the development of a value chain and the addition of more goods and services to its export list.

The key sectors identified in the draft EPP are spices, horticulture and agriculture products, seafood, processed food products, engineering goods, petrochemical products, organic and inorganic chemicals, textiles and garments, defence and aerospace, electronics and ancillary engineering and technology, ayurveda and pharmaceuticals, and healthcare among others.

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