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Maharashtra banks on MSMEs to boost exports

In FY22 Maharashtra made 16% of total exports from India. In FY24, the state’s exports totalled Rs4,53,829 Cr, running up to Jan 2024. In FY23, Maharashtra exported goods worth Rs.5,81,439 Cr, while in FY22 exports were Rs5,45,084 Cr.
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Maharashtra has been the top exporting state in India but its share has been gradually declining over the years. Perhaps, more incentives, especially for micro, small and medium enterprises (MSMEs) that contribute to almost half of all state’s exports can help in boosting the share in nation’s export basket.

Prashant Girbane, Director-General of the Maharashtra Chamber of Commerce, Industries and Agriculture (MCCIA) opines that development of ‘plug-n-play’ private industrial parks will reduce set-up time for global players.

The state government has announced several plans including a rent subsidy of 50% to small-scale industrial units for participation in industrial exhibitions in foreign countries, awards to the best exporters from the state, and the establishment of new international exhibition centres near Pune, Chhatrapati Sambhajinagar and Nagpur.

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