Govt Launches NIRYAT Portal To Turbocharge Exports, Imports From India: Check Full Details
Prime Minister Narendra Modi launched the NIRYAT portal.
NIRYAT stands for the National Import-Export Record for Yearly Analysis of Trade.
What does it do?
This portal would be dedicated towards conducting import and export analysis of the country.
Its purpose is to provide important real-time data to all stakeholders.
It is being promoted as a one-stop platform for stakeholders for easy access to critical information related to India’s foreign trade.
About this portal, Modi said that the government has been working to ensure ‘Citizen-Centric Governance’ for the last eight years.
How it works
Users can log in to the portal with their usernames and passwords and access all import export data of the country easily.
Important information related to more than 30 commodity groups exported to more than 200 countries of the world will be available.
Later on, information related to district-wise exports will also be available.
Exceeding export target
Exports are vital to a country’s progress.
Last year, India exported a total of $670 billion- Rs 50 lakh crores despite global disruptions.
Merchandise exports in 2021-22 crossed USD 418 billion (Rs 31 lakh crore), exceeding the target of USD 400 billion (Rs 30 lakh crore).
Exports from new areas are increasing.
Exports of cotton and handloom products increased by 55 per cent.
Modi said that many of the domestic products are being exported for the first time to new countries.
Some examples are:
- Sitabhog Mithai being exported to Bahrain
- Fresh King Chilli of Nagaland to London
- Fresh Burmese grapes of Assam to Dubai
- Tribal Mahua products from Chattisgarh to France
- Khumani of Kargil to Dubai.
On manufacturing, he said that mobile manufacturing units in India have crossed 200 and today there are 2,300 registered Fin-tech startups, up from 500 four years ago.
Annually India would recognise 8,000 startups.
Today, this number is more than 15,000.