Mr. Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT) gave a clarion call for integrating more districts into export initiatives, as this would fuel India’s economic growth. Sarangi was addressing the inauguration of the Federation of Indian Export Organisations’ (FIEO) ‘Sourcex India’ exhibition.
Development of more districts into export hubs is crucial for enhancing the country’s outbound shipments and increasing per capita income. Currently, about 65% of Indian exports come from four states-Gujarat, Maharashtra, Karnataka, and Tamil Nadu, further these states also boast of high per capita income figures. However, Sarangi pointed out that a mere 62 districts out of over 760 in the country are responsible for approximately 80 percent of India’s total exports.
The DGFT underlined the positive correlation between exports and an increase in per capita income, stating that the benefits extend beyond exporters to encompass the entire export-related value chain. At the event, Israr Ahmed, President (Officiate) of FIEO, described the ‘Sourcex India’ exhibition as more than a mere showcase, stating, “It is not merely an exhibition, but a platform designed to facilitate the global launch of Indian brands.”
