UP govt to launch new export policy to increase its trade share to 7.5%

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Subscribe to enjoy similar stories. The Uttar Pradesh government is working to unveil a new export policy for 2025-30, aiming to significantly enhance the state’s contribution to India’s overall exports. In an interview, UP’s minister for industrial development and export promotion Nand Gopal Gupta said the proposed policy targets increasing the state's share in India’s total exports to 7.5%, up from the current share of about 5%, by focusing on key sectors, including agricultural products.

“We are formulating a comprehensive export policy to achieve this ambitious goal," said Gupta. Consultations with industry bodies and other industry leaders are ongoing to make it an export-intensive policy, he said. India’s total exports for FY24 stood at $776.68 billion, while imports amounted to $854.80 billion, making export growth key to bridging the trade deficit.

During FY24, UP's share in India's total exports was 4.71%, valued at about $20.67 billion. In the first two quarters of FY25, the state's share rose to 4.89% at around $10.56 billion. UP exports a variety of products, including electrical machinery, meat and meat products, apparel and footwear.

It also exports pearls, precious stones, iron and steel, carpets, and vehicles. Other key exports include furniture, aluminum products, bituminous materials, leather goods, organic chemicals, plastic products and cereals such as wheat and rice. The proposed export policy is aimed at enhancing the state's economic growth by creating jobs and increasing revenue generation.