Bhubaneswar, July 21 (KNN) Odisha’s draft Export Policy, 2017 has been prepared and the state has set a target of achieving an export turnover of Rs 1 lakh crore by 2025, Odisha MSME Secretary LN Gupta has said.

Addressing a seminar on export finance, Gupta said the draft policy lays emphasis on promotion of exports both from the traditional and non-traditional sectors.

The Export Policy will be in alignment with the Foreign Trade Policy of India (2015-2020), he added.

The export turnover in the state was Rs 563 crore in 2001-02 and has now went up as high as to Rs 19,082 crore in 2015-16.

Further, it has risen to Rs 40,872 crore during 2016-17 registering an increase of 114 per cent over the turnover of 2015-16, he pointed.

He hoped that with the operationalisation of Inland Container Depots (ICD) at Jharsuguda and Balasore and testing laboratories and export inspection agency of Marine Products Exports Development Authority (MPEDA), which is nearing completion, the export turnover from the state will get a further boost.