The Odisha government on Wednesday signed a Memorandum of Understanding (MoU) with the World Trade Centre (WTC) to promote and strengthen export activities.
Odisha Small Industries Corporation (OSIC) of the state government signed the MoU with WTC, Mumbai.
The MoU, signed between OSIC and WTC, was aimed at providing export marketing and service support to the medium and small scale entrepreneurs.
With the signing of the MoU, the state MSMEs can use this international platform of WTC, which has presence in 92 countries with 327 centres all over the world, for promotion of their products, officials said.
This is expected to help the government augment exports as there is a huge demand for state’s mineral and non-mineral products in the international market which includes handicrafts, handlooms, spices, cashew, marine products and service sectors such as IT and tourism.
The move holds significance as the state government has projected to scale up its export potential to Rs 21,560 crore in 2016-17 fiscal. Besides, the government has also projected that the export figure will reach Rs 38,714 crore by 2022-23.
The state government had formed OSIC for providing export marketing and service support to the MSME entrepreneurs of the state.