Piyush Goyal: duty-free entry for ODOP merchandise in commerce agreements: Piyush Goyal

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India is getting duty-free entry for various merchandise, recognized underneath One District One Product (ODOP) initiative, to advertise their exports, commerce and business minister Piyush Goyal stated on Monday. He stated that these merchandise, which embody gold jewelry, toys, handicrafts and handlooms, maintain big opportunties.

“We’re doing Free Commerce Agreements (FTAs) the place we’re duty-free entry for all these merchandise. So we will create worldwide acceptance of those merchandise,” Goyal stated whereas talking on the launch of One District One Product reward catalogue and storefront on public procurement portal GeM right here.

In a free commerce pact, two or extra international locations considerably scale back or get rid of customs duties on the utmost variety of items traded between them to spice up bilateral commerce.

India is negotiating commerce agreements with international locations together with the UK, Canada and European Union.

The Division of Commerce is partaking with state and central authorities companies to advertise the initiative.

The target is to transform every district of the nation into an export hub by figuring out merchandise with export potential, addressing bottlenecks for exporting these merchandise, supporting native exporters/producers to scale up manufacturing, and discovering potential patrons outdoors India.

The minister additionally urged a five-point strategy for ODOP success and that features – growing one-stop gifting locations with top quality suppliers; involving college students of establishments like Nationwide Institute of Design; and in depth coaching periods for artisans.

“Allow us to have a look at creating artwork and crafts villages on the G20 locations throughout India. This may develop into the seed which can assist artisans for years and assist tourism and can give visibility to ODOP,” he stated, including programmes like Startup India, Make In India and Open Community for Digital Commerce would additional assist increase the initiative.

Extra Secretary within the Division for Promotion of Business and Inner Commerce (DPIIT) Sumita Dawra stated onboarding of ODOP merchandise at GeM platform would assist to advertise these items.

“There are numerous opportunties for these items. Ecommerce platforms too are promoting these items,” she stated.

Extra Chief Secretary – Info, MSME and Export Promotion – Navneet Sehgal stated that states are taking a collection of measures to advertise items underneath the ODOP.

“ODOP helps in selling inclusive development of the state. We’re strengthening clusters. We are attempting to develop an entire ecosystem for these merchandise,” Sehgal stated.

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