Srinagar, June 29: Jammu and Kashmir is stepping up efforts to expand its export market and achieve national targets through initiatives like the International Buyer-Seller Meet. The event aims to connect local artisans, manufacturers, and self-help groups with international buyers, fostering new business opportunities and diversifying the region’s export base.
Focus on New Exporters and Market Diversification
Jammu and Kashmir Chief Minister Omar Abdullah has emphasized the need for the Union Territory to cultivate a new generation of exporters and broaden its product range to meet the Centre’s goal of doubling exports by 2030. Speaking at the inaugural session of the Jammu and Kashmir International Buyer-Seller Meet in Srinagar, Abdullah highlighted the limited timeframe to achieve this ambitious target. He stated that the government intends to support existing exporters while simultaneously encouraging new entrepreneurs, artisans, and manufacturers to enter international markets by simplifying the export process.
Information was available with The Chenab Times that the Chief Minister stressed the importance of this buyer-seller meet as a crucial platform that brings together foreign buyers, domestic exporters, artisans, manufacturers, and self-help groups. This gathering is designed to explore new markets and create fresh opportunities for local products on a global scale.
Reviving Traditional Trade Links
Abdullah recalled Jammu and Kashmir’s historical trade model, where products were often exported through visiting tourists rather than formal export channels. He noted that buyers would naturally come to Kashmir, purchase local crafts, and carry them worldwide, fostering direct relationships between buyers and artisans. However, he acknowledged that prolonged periods of disturbance and a decline in tourism had necessitated a shift in this traditional business model, compelling artisans and businesses to adapt to new marketing and export strategies.
Addressing Regional Export Disparities
The Chief Minister also pointed out the uneven distribution of exports within Jammu and Kashmir, with approximately 98 percent of the region’s exports currently originating from just four districts. He underscored the necessity of expanding export activities across all districts to ensure wider participation in economic growth and to achieve a more balanced development.
Demand for a Dry Port
Furthermore, Abdullah reiterated the demand for establishing a dry port in Jammu and Kashmir. He explained that such a facility would streamline export procedures and ensure that outbound shipments are officially recorded as originating from the Union Territory, rather than being registered elsewhere. This, he believes, will make exporting more accessible for local businesses and provide a more accurate reflection of the region’s export performance.
The International Buyer-Seller Meet is expected to strengthen trade ties, generate business opportunities, and expand the global footprint of products from Jammu and Kashmir, reinforcing the government’s commitment to economic development and export promotion.
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The Chenab Times News Desk
