Rajkot: Exports from Gujarat have touched a high record, crossing the 5-lakh rs crore sign for the first time.
Importantly, this achievement has been achieved in the first half of 2021-22.
Experts believe that the annual exports of the state are likely to cross the fiscal nine Nine Rs.
Gujarat has exported goods worth around Rs 4.50 lakh crore every year.
However, in the current financial year, exports have touched Rs 5.16 Lakh Crore in the first six months (April to October), which is a surge in 118% compared to the same period last year.
A senior Ministry of Trade official said the main reason for higher exports from Gujarat was caused by the GST regime.
“The main reason for higher exports is the GST regime.
Items produced in Gujarat and exported from Mumbai were previously calculated as exports of Maharashtra.
But now, after the success of the implementation of GST, the original state is now recorded correctly,” he said.
According to the numbers released by the Director General of Commercial and Statistical Intelligence, working under the Ministry of Commerce, Gujarat Pipped Maharashtra in 2020-21 itself.
But the business community says that it is not only the recording of the true origin of the origin, but exports itself has increased.
Parth Ganatra, Vice President of the Chamber of Commerce and Industry of Rajkot (RCCI) said, “I used to export only 8-10 submersible pumps per year to Saudi Arabia because they used to get it cheaper than China.
But now, I have a 2,000 pump order.
Other countries shift to India, Turkey and Taiwan.
In terms of many commodities, “said Ganatra.
The Chairman of Assocham Gujarat, Chintan Thaker said, “Countries seeking alternatives to China and India is an advantage.
Losing China is the advantage of Gujarat.
I believe that exports will only improve in the next six months of the financial year.”