Odisha

Odisha Holds Workshop to Help MSMEs Tap Global Markets Through Free Trade Agreements

Bhubaneswar: Odisha is looking to expand its export footprint by helping micro, small and medium enterprises (MSMEs), industrialists and entrepreneurs leverage India’s Free Trade Agreements (FTAs) with other countries.

The state MSME and Industries departments jointly organised a state-level workshop on ‘Leveraging Free Trade Agreements’ at Mayfair Convention in Bhubaneswar on Tuesday to familiarise local businesses with opportunities available under these trade arrangements and help them explore international markets.

MSME Minister Gokulananda Mallik, who attended the workshop, said global markets offered new avenues for economic growth and prosperity. He said the programme aimed to help local industrialists, exporters and entrepreneurs understand the FTAs signed by the Government of India and identify ways to maximise their benefits.

Industries Minister Sampad Chandra Swain emphasised the need to enhance Odisha’s export capacity and increase the state’s participation in international trade. He expressed confidence that the initiative would help local businesses expand their reach and strengthen their presence in global markets.

The workshop was organised by the Odisha government’s MSME Department in collaboration with the Union Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT). The programme focused on translating India’s trade agreements into practical business opportunities for enterprises in Odisha.

Free Trade Agreements are designed to facilitate trade between participating countries by reducing or removing certain trade barriers. For businesses, these agreements can open up opportunities to access overseas markets under preferential trade terms, subject to applicable conditions and rules of origin.

The workshop sought to familiarise Odisha’s entrepreneurs and exporters with these opportunities and help them better understand how to use the agreements to expand their businesses beyond domestic markets.

Agrim Kaushal, Senior Economic Adviser and Joint Secretary in the Union Ministry of Commerce and Industry; Rashmita Panda, Commissioner-cum-Secretary of the MSME Department; Aboli Sunil Narwane, Director of Industries; and Manoj Singh, Assistant Director General of Foreign Trade, attended the programme.

The initiative comes amid efforts to strengthen the competitiveness of local enterprises and connect Odisha’s industrial sector with wider international trade networks. Improved awareness of trade agreements is expected to help businesses identify export opportunities and explore new markets for their products.

Bureau The News Hashtag

Recent Posts

Odisha Partners with J-PAL South Asia to Bring Research Evidence into Policymaking

Bhubaneswar: From education and agriculture to gender and governance, the Odisha Government plans to strengthen…

7 hours ago

ECoR Extends Sambalpur–Santragachi Special Trains, Adds Coaches to Four Delhi Trains

Bhubaneswar: In view of the increased passenger rush during the festive season, the East Coast…

1 day ago

Odisha Plans 290 More Public EV Charging Stations in 13 Cities, Highways

Bhubaneswar: Odisha has proposed setting up 290 additional public electric vehicle (EV) charging stations across…

1 day ago

Heritage Enthusiast and Former NABM Director Dipak Samantrai Dies at 69

Cuttack: Dipak Samantrai, former Director of the National Academy of Broadcasting and Multimedia (NABM), noted…

2 days ago

Odisha Reviews Development of 588-km National Waterway-5 to Boost Industrial Connectivity

Bhubaneswar: The Odisha Government has assured full support for the development of National Waterway-5 (NW-5),…

2 days ago

Odisha Deploys Four IAS Officers to Oversee Relief and Restoration in Cyclone-Hit Districts

Bhubaneswar: The Odisha Government has deployed four IAS officers as Additional Special Relief Commissioners (Additional…

2 days ago