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Energising Entrepreneurship in International Trade

Date: February 21, 2019

Venue: Hotel Park Plaza, Faridabad

The merchandise exports from Haryana increased from US$ 10.7 billion in 2013-14 to US$ 13.3 billion in 2017-18. The average annual growth rate (AAGR) of merchandise exports from Haryana registered a 6.2% increase, during 2013-14 to 2017-18. Haryana’s merchandise export growth was way higher than India’s growth which registered a negative growth of 0.9%, during the same period. The share of Haryana’s merchandise exports in India’s merchandise exports has shown a significant increase in the last 5 years by increasing from 3.4% in 2013-14 to 4.5% in 2017-18.

The major products exported by Haryana include ‘Basmati Rice’; ‘Electric Machinery and Equipment’; ‘Readymade cotton garments including accessories’; ‘Motor vehicles/cars’; and ‘Readymade Garments: Manmade fibres’. In fact, the top 5 commodities accounted for 47.1% of the State’s merchandise exports in 2017-18, with 16.4% of the State’s merchandise exports coming from Basmati Rice. The major export markets for Haryana in 2017-18 included USA (20.9% of the merchandise exports); Germany (7.7%); UK (6.5%); Saudi Arabia (5.4%); and UAE (4.6%).

Further, services exports constitute an important part of the State’s total exports. Haryana boasts of a well-established IT-BPM (Business process management) industry that contributes 54% of the total exports. According to the latest Economic Survey of Haryana, during the year 2016-17, Electronics & IT Exports are estimated to be about US$ 116 billion from India and Haryana’s share is estimated to be 6.2% which works out to be US$ 7.2 billion.

Haryana holds huge potential in contributing to India’s international trade, with an increased focus on entrepreneurship and startups. Export-Import Bank of India, in partnership with Federation of Indian Export Organisations is organising a half-day seminar on ‘Energising Entrepreneurship in International Trade’ at Faridabad on February 21, 2019, with an objective of providing MSMEs an interface with the various agencies promoting and facilitating exports.

Register here

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