New Rules to Bolster Emerging Export Businesses Announced by Governmental Body
The latest developments regarding India's **One District One Product (ODOP)** scheme showcase a significant push towards promoting exports and supporting first-time exporters.
## Key Points:
The Indian Commerce Ministry is set to release new guidelines aimed at promoting exports in new markets and supporting first-time exporters. These guidelines will focus on ODOP products, which are unique to each district. The Ministry will work closely with districts to identify and promote first-time exporters, helping them access new and emerging global markets.
The ODOP initiative covers 773 districts, each offering unique products such as Wayanad’s coffee, Ratnagiri mangoes, and Pulwama’s saffron. These local treasures are being positioned to gain international recognition. The government emphasizes recognizing multiple products from the same district under ODOP, acknowledging the diversity of offerings across India.
Bihar has achieved 100% coverage of ODOP products, with all 38 districts included, and is categorized as Category A for its efforts.
## Current Status:
The guidelines are expected to be issued soon, with a focus on integrating grassroots entrepreneurship into national and international trade ambitions. However, the exact date of implementation and detailed regulations have not been specified yet.
## Future Directions:
India aims to become the third-largest economy by 2027, and initiatives like ODOP are seen as crucial for showcasing India's diverse products globally. The emphasis is on making local economies more vibrant and export-oriented by leveraging the unique strengths of each district.
The second edition of the One District One Product (ODOP) Awards was organized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. The international footprint of ODOP is expanding, with ODOP Walls established in Singapore, New York, Vancouver, Milan, Kuwait, Bahrain, and Japan.
The ODOP Experiential Centre, together with PM Gati Shakti, offers an immersive experience into district-level products, with active collaborations with institutions such as the NID and IITs for skilling and training.
More than 1,200 unique products from over 750 districts have been identified under ODOP, spanning various sectors. The ODOP Awards were instituted to recognise and celebrate the efforts of States, Districts, and Indian Missions Abroad in advancing the vision of Aatmanirbhar Bharat through the ODOP initiative. A total of 34 awards were conferred across three categories - Districts, States and Union Territories, and Indian Missions Abroad.
The respective representatives of the winners received the awards during the ceremony. 64 out of 87 ODOP products are covered under the Industrial Investment Promotion Policy. Indian Missions Abroad participated in the ceremony virtually. ODOP products are now available at retail outlets such as Mustafa Centre and Centre Point Mall in Singapore.
With these developments, India's One District One Product scheme continues to empower local communities and promote India's diverse products on a global scale.
The Indian Commerce Ministry's new guidelines, focusing on ODOP products, signify a strategic move to leverage the business potential of unique district products in the finance sector, aiming to accelerate exports and support first-time exporters. The government's goal is to integrate grassroots entrepreneurship into national and international trade ambitions, with the aim of making local economies more vibrant and export-oriented as part of India's broader plan to become a leading global economy by 2027.
