In the upcoming years, Rajasthan hopes to become a significant exporting state, according to a representative of the Rajasthan Export Promotion Council (REPC). According to REPC Chairman Rajiv Arora, the state exported goods worth Rs 72,000 crore in 2021–22, 11% of which were handmade items.
“Geopolitics have caused the current fiscal to be particularly tumultuous, and as a result, freight costs have skyrocketed. Nonetheless, we anticipate that the state’s exports will be close to Rs 82,000 crore in 2022–203, according to Arora. He said here on Wednesday that the REPC will display state items including handicrafts, textiles, clothing, agricultural products, spices, stone and marble ware during its first international EXPO in Jodhpur from March 20 to 22.
The state is emphasising Arora stated that the government has agreed to provide interest subsidies for projects up to Rs. 50 crore in the MSME sector.
Additionally, the state government declared in its industrial policy that incentives would be provided for asset creation. In addition, the state will increase incentives connected to productivity and turnover.