Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Budget will focus on exports: Haryana CM Manohar Lal Khattar.
Jan 31, 2023

Haryana’s budget will give a further boost to export promotion, food processing with special emphasis on millets and job creation. This was announced by chief minister Manohar Lal Khattar, after a pre-budget consultation with industrialists from across the state in Gurgaon on Monday.
'We will focus on export-oriented industries to increase exports from the state. With the increase in exports, we will be able to fetch foreign exchange and would make a more meaningful contribution to the national economy,' said Khattar. 'Exports will increase our forex reserve, improve balance of payment and strengthen our national economy.'
The CM was in Gurgaon for a pre-budget consultation with industry associations from sectors from across the state. The meeting was basically a feedback and suggestion session organised by the state government before the budget in the last week of February. Khattar also holds the finance portfolio.
With 2023 being celebrated as the ‘year of the millet’, Khattar said that the upcoming state budget will stress on developing food processing units based on millets.
 
'We are a major agriculture state and food processing units will be helpful. The millets-based food processing units will make millet farming more beneficial for farmers.'
The CM also said that infrastructure development will be another focus area in the budget as it will help in attracting more investments. On the increasing debt, Khattar said that the ideal gross domestic product (GDP) to debt ratio should be 25% and 'the state's economic condition is better'. 'Debt is less than 25% of our GDP, our finances are sound and much better than many other states,' he said.
On their part, however, the industry leaders highlighted their pain points.
JN Mangal of the Gurgaon Industrial Association, said, 'Several auto ancillary units would soon be at a crossroads for want of new technology and products due to the advent of electric vehicles (EV). We suggest that the state should set up an R&D, incubation and training centre for lithium-ion batteries, drone technology, semiconductor and hydrogen in Gurgaon.'
Shripal Sharma from Kadipur Industrial Association, said the government should focus on improving infrastructure in industrial areas as well. 'We are struggling to get the basic infrastructure in the industrial areas,' he said.
    
timesofindia.indiatimes.com

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007