Gujarat's export grew by 22%, higher than national average
The Gujarat Government has been boasting its achievement in increase of exports from State that remained 22% in 2017-18. With this, Gujarat recorded hike in export at almost double the rate of that of national average that was 10.1% in the same year. The Government released the details on exports from State recently. The Industries Commissioner Mamta Verma, talking to media persons said that Gujarat also stood at second position among all the States, so far the exports concerned.
"Exports from Gujarat increased from $54 billion in 2016-17 to $66 billion in 2017-18 that reflects 22% growth. While, exports from India increased from $275 billion in 2016-17 to $303 billion in 2017-18 that shows 10.1% growth," Verma said.
"If we look at a state-wise scenario, Gujarat's share in India's exports increased from 20% in 2016-17 to 22% in 2017-18 that is second among all the States after Maharashtra," Verma said.
The basic products that are exported from Gujarat comprise petroleum, organic chemicals, plastic raw materials, semi precious stones, gems and pearls, yarns, castor oil and ceramic products to the US, the UAE, Singapore, China, Hong Kong, Turkey, the Netherlands and Saudi Arabia.
Verma, informing on the event at the Vibrant Gujarat Summit to be held at Mahatma Mandir in Gandhinagar, also said a seminar dedicated to Trade and Exports – Making India a Trillion Dollar Exports Economy will be organised on January 19. Union Minister of Industry and Commerce, Suresh Prabhu will deliver the key note address here.
Source :- Dailyshippingtimes.com