Rajasthan Export Promotion Policy 2024: Unlocking Global Growth for Businesses
In a significant step toward strengthening Rajasthan’s global trade presence, the Government of Rajasthan has unveiled the Rajasthan Export Promotion Policy 2024. This policy is a landmark initiative aimed at increasing the state’s export output to INR 1.5 lakh crore by 2029, up from INR 83,704 crore in 2023-24. This blog provides an updated overview of the policy, highlighting the benefits, key subsidies, focus sectors, and how you—whether an MSME, merchant exporter, or manufacturer—can benefit from it.
Why It Matters: A Policy with Big Vision
The Rajasthan Export Promotion Policy 2024 aligns closely with the Export Promotion Policy in India, focusing on regional competitiveness, industrial empowerment, and MSME growth. The state has targeted improvements in infrastructure, logistics, export diversity, and global competitiveness.
Key Objectives:
- Increase exports from INR 83,704 Cr (2023-24) to INR 1.5 lakh Cr by 2029.
- Enhance logistics, air cargo, and infrastructure.
- Promote R&D, value addition, and compliance with global standards.
- Support skill development to double the export-oriented workforce.
Who Can Avail the Benefits?
The policy extends benefits to:
- Manufacturer Exporters
- Merchant Exporters
- Service Exporters (with IEC and RCMC registration)
Key Focus Sectors
- Engineering Goods
- Gems & Jewellery
- Dimensional Stones & Minerals
- Textiles & Apparel
- Handicrafts
- Agro & Food Processing
- Tourism, Hospitality, and Healthcare
These sectors are backed by customized incentives and sector-specific export strategies.
Top Incentives Under the Rajasthan Export Scheme
- Marketing Assistance
- 75% reimbursement (up to INR 3 lakh/year) for international trade fairs, exhibitions, and buyer-seller meets.
- Available once every two years per exporter.
- Production, Technology, Quality & Standards
- Capital investment and interest subsidies under the Rajasthan Investment Promotion Scheme 2024 (RIPS) and the MSME Policy.
- 50% subsidy (up to INR 5 lakh/year) for documentation, testing, and certifications.
- 75% subsidy (up to INR 20,000 per shipment, max INR 3 lakh/year) for product testing.
- Technology acquisition support: 75% reimbursement up to INR 50 lakh/unit for sourcing tech from premier institutions or patented sources.
- Freight/Logistics Subsidy
- 25% reimbursement of freight cost (max INR 25 lakh/year).
- Available to registered exporting units (including MSMEs and first-time exporters) shipping through state ICDs and air cargo terminals.
- E-Commerce Export Promotion
- 75% reimbursement (up to INR 2 lakh/unit over 2 years) on e-commerce platform fees, including registration, referral, shipping, and subscription.
- Export Credit Insurance Support
- MSMEs can avail of 50% reimbursement of Export Credit Guarantee Corporation (ECGC) premiums, up to INR 2 lakh per annum.
Special Attention to MSMEs: MSME Subsidy Scheme in Rajasthan
Rajasthan has taken a strategic step to enhance MSME export readiness through:
- Dedicated training on international trade, documentation, and buyer negotiations.
- Quality certification support (BIS, ISO, FSSAI, ZED Certification).
- Integration with RAMP Scheme and industry associations for scaling operations.
- Tie-ups with IIFT, NIFT, IIP, and CSIR for export-grade product development and compliance.
Institutional Support Mechanism
To ensure effective implementation, the state has empowered:
- Rajasthan Export Promotion Council (REPC)
- District Export Promotion Committees (DEPCs)
- Project Monitoring Units (PMUs)
These bodies facilitate capacity building, trade data analysis, digital portals, and grievance redressal.
Final Thoughts: A Strategic Shift Toward Global Market Access
The Rajasthan Export Promotion Policy 2024 offers a robust framework to transform Rajasthan into a globally recognized export powerhouse. Through structured support for MSMEs, attractive subsidies, and sectoral strategies, businesses are empowered to not only survive but thrive in the competitive global marketplace.
Looking to export from Rajasthan? Drop your queries in the comments. It’s time to make your mark globally—start your export journey today.
