Odisha need Investment in Pharma and Plastic sector,  says DGFT DG Santosh Sarangi

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World Trade Day and Annual Members Meet 2023 programme organised by World Trade Centre (WTC) Bhubaneswar

By Our Correspondent

BHUBANE SWAR:  Talking at the World Trade Day and Annual Members Meet 2023 programme organised by World Trade Centre (WTC) Bhubaneswar Friday,  as chief guests of the event Santosh Sarangi,, Director General of Foreign Trade, New Delhi, said that, ‘‘India set target to achieve 2 trillion dollar export by 2030, one trillion each in merchandise and services. Currently our export in 450 billion dollars and to reach one trillion dollar mark, we need to grow 12 percent year-on-year. Similarly, in service export, we need to grow 16.6 percent on an average every year.

‘Our economy provides huge opportunity to achieve the target and sunrise sector like electronics and renewable energy will help us. He said that Odisha need investment in Pharma and plastic sectors to grow its export.” He opined.

Odisha MSME Principal Secretary Saswat Mishra tells that air cargo service will start from Bhubaneswar Airport by September of this year, which will provide much needed impetus to the exporter of the state to thrive in international market.

He said that a meeting in this regard recently held, in which all stakeholders were participated. To start air cargo service, infrastructure development is being done in full swing at airport, expected to finish soon. After that Bureau of Civil Aviation officials will visit to take note of the development. Stakeholders meeting also planned with Indigo Cargo where exporters can discussed directly with them on many aspects. He added.

World Trade Centre Bhubaneswar observed World Trade Day 2023. It was held for the sixth consecutive year in Odisha with a view to create awareness on international trade and its impact on economic development and regional growth of the State. The event was marked by a discussion on the theme “International Trade – Growing Business across Borders” on Friday.

On this occasion, a MoU was signed with OSSIA to help MSMEs of Odisha to reach international markets.

 The program was held at Hotel Swosti Premium and provided an unique platform for the budding entrepreneurs, exporters, MSMEs entrepreneurs of the State of Odisha to not only learn and discuss key issues pertaining to global business but also gain understanding of the intricacies of international trade, explore new markets, learn from experts on the emerging opportunities that markets across the borders have to offer. The program through its networking session also helped the MSMEs of the State to explore export opportunities with other countries encouraging them to participate in International Trade. Senior government officials and eminent experts from the industry were present on the occasion to share their views.

During the program, WTC Bhubaneswar also recognized the outstanding contributions of MSMEs, Small Businesses, Trade Promotion Organizations, Companies and Businesses that have excelled in international markets by presenting them with awards under different categories and duly recognized their business leadership, achievements, and best practices. A Memorandum of Understanding was also inked with Orissa Small Scale Industries Association (OSSIA), Cuttack to explore areas of mutual co-operation to further assist the MSMEs of Odisha to augment their market outreach and penetrate the global market.

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