Govt. of Jharkhand notified the Jharkhand Export Policy 2023

Aug 18, 2023 | by TeamLease RegTech Legal Research Team

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Commercial ComplianceThe Government of Jharkhand on July 31, 2023, notified the Jharkhand Export Policy 2023.

The following has been stated: -

•The mission of Jharkhand Export Policy 2023 is to facilitate the rapid and sustained growth of exports from Jharkhand and to increase its share in all Indian exports to 5% by 2028.

•Policy Objective objectives have been set by the Government. Some of the main objectives are as follows: -

(i)Provide a simple, proactive, responsive, and supportive institutional mechanism for the rapid growth of exports.

(ii)Jharkhand weather has potential for fresh floriculture/ vegetables/fruit exports. Hence, in due course of time, the Air Cargo export facility shall be pursued with proper thrust.

(iii)Providing financial incentives to exporters to boost exports from the state of Jharkhand.

(iv)Organize Export Awareness Programs at frequent intervals in major industrial clusters jointly with FIEO and other Commerce & Industries Associations to update the knowledge of the existing exporters and to encourage others to take up exports.

•The State will adopt certain strategies like Export-oriented units will be declared as essential services / Public Utilities Services, Export Awards will be provided to Export Oriented Units to recognize quality, R&D and performance, and others.

•Exportable products have been categorized into several main groups like Foods, Agriculture, and Minor Forest Products including shellac products, cashew nuts, processed honey, fruits, vegetables, and floriculture.

•Product Promotion Groups comprising exporters, manufacturers, and various related agencies are proposed to be established for proper interaction between manufacturer and exporter and also for evolving a stronger support system.

•State Export Promotion Committee under the chairmanship of the Chief Secretary, Government of Jharkhand is already constituted for exports-related inter-departmental coordination and procedural formulation for export promotion.

The detailed notification is given in the document attached below.

[Notification No.959--06/U.Ni. /Export Policy-01/2014]


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