Puducherry exports surge by 20% in FY22

Puducherry, May 21 (KNN) According to the Federation of Indian Export Organisations (FIEO), the exports from Puducherry has witnessed a 20 per cent during 2021-22 as compared to the previous fiscal. 

The union territory’s total exports during 2021-22 was recorded at 443 million USD which was 20 per cent higher than the net export value in 2019-20, noted FIEO at a session on entrepreneurship development in international trade jointly with the District Industries Centre. 

Apart from 100 of products the UT exports to various overseas markets, handicrafts, garments, processed foods, pharmaceuticals and chemicals, account for 90 per cent of the goods in its export basket. 

Delivering his inaugural remarks, T. Arun, Industries Secretary said that the chief focus of the government is to make Puducherry a favoured investment destination.

He emphasised on the various initiatives taken by the government including ‘Ease of Doing Business’ to make Puducherry an investment-friendly place.

He also offered all support to the exporters, especially to MSMEs, in improving their business.

R. Vijendran, GST and CE Assistant Commissioner, Jose Charles, Joint Director, BIS, Chennai, and officials of the Export Credit Guarantee Corporation and Indian Bank participated.

Various trade promotion organisations made presentation on making products more competitive in the global market.  (KNN Bureau)