JKTPO, a
Government of Jammu and Kashmir Undertaking collaborated with Directorate
General of Foreign Trade (DGFT) to achieve the vision of Export promotion in UT
of J&K with its registration drives for handholding the potential Exporters
from J&K and facilitating them in getting new Importer-Exporter Code (IEC)
which resulted in net increase of export registrations by 173%. IEC is a key
business identification number that is mandatory for exports or imports. Further,
number of issued IEC in Jammu and Kashmir has increased from 204 new
registrations in 2020 to 557 in 2021. As per data, a total of 2863 IEC
registrations been done till date in Jammu and Kashmir. Also, the value of
Exports in the UT from the last five years has increased from USD 124.47
million to USD 159.64 million.
This was one of the prioritized initiatives of
JKTPO under the aegis of Department of Industries and Commerce for Export
Promotion in the UT. As per the vision of ‘District as Export Hub’ of
Government of India, JKTPO in collaboration with DGFT has organized various registration
drives, training cum capacity building workshops for strengthening the Export
scenario of J&K. More than 40 ODOP items from all 20 districts of J&K
have been selected and finalized by APEX Level Export Promotion
Committee. A series of Buyer seller meets has been organized in
association with different Consulates in order to promote various products from
Agriculture & Handloom and Handicraft Sector and intends to do the same in near
future also. JKTPO intends to create an international brand for all the
identified local products and will give all the necessary support to interested
exporters for promotion of their products and making connections with interested importers.
In a statement, Ms. Ankita Kar (IRAS) Managing
Director JKTPO, Jammu and Kashmir said, “As
per the vision of Hon’ble Prime Minister each district of our country has a
diverse identity and potential for global market and we from the Department of
Industries and Commerce have reached out to existing and potential Exporters.
The UT of J&K under the active guidance of Hon’ble Lieutenant Governor,
Jammu and Kashmir is now on a fast transition path for opening global markets
for the UT’s products and services”.
Furthermore, Mr. Suvidh Shah (ITS) Joint Director
General of Foreign Trade said, ”We are extremely
happy to share that there is a big hike in registration of Importer-Exporter
Code from UT of Jammu and Kashmir in this year as compared to previous year”.