NITI Aayog releases the third edition of the ‘Export Preparedness Index (EPI) 2022’ for States/UTs

NEW DELHI: NITI Aayog releasedthethirdeditionofthereport titled ‘Export Preparedness Index (EPI) 2022’ for States/UTs of India. The report was released by Vice Chairman, NITI Aayog, Shri. SumanBery.

Throughout the post-pandemic era, Indian exports have proven their resilience by successfully navigating the challenges thrown up by the post pandemic supply-chain issues and geopolitical factors. To maintain this momentum, India aims to become a global export player by promoting States and further districts as export hubs.TheEPI2022recognizesthatby unlocking regional competitiveness and leveraging our innate diversity, India can enhance its export potential. The Export Preparedness Index by NITI Aayog in association with the Institute for Competitiveness, delves deeper beyond states and examines exports atthedistrictlevel.

The EPI 2022 report seeks to empower State governments with region-specific insights to assist decision-making, identify strengths, address weaknesses, and foster comprehensive growth across States andUTsofIndia.

The comparative analysis of export preparedness among States and UTs introduces a framework that fosters competitiveness within the country. This index empowers stakeholders to identify strategies and improve parameters that impact a state's exports, thereby enhancing its export competitiveness. It provides a comprehensive analysis for policy changes and the creation of a favourable export ecosystem using its data-driven approach. Consequently, this edition can serve as a catalyst for competitive federalism, elevating the export performance of every state and contributing to the nation's overall development. It is important to note that each iteration of EPI has its own methodology and therefore does not offer itself to comparison across editionsduetoevolvingfactors.

The report presents a comprehensive analysis of India’s export performance in FY22, along with its sector-specific and districtlevel merchandise export trends.

The EPI 2022 Report evaluates the performance of the states across four pillars – Policy, Business Ecosystem, Export Ecosystem, and Export Performance. The index uses 56 indicators which holistically capture the export preparedness of States and UTs in terms of exports at boththestateanddistrict-level.

The overview of the four pillars in theindexis–

• Policy Pillar evaluates states and UTs’ performance based on its adoption of export-related policy ecosystem at a state and district level as well as the institutional framework surrounding the ecosystem.

• Business Ecosystem assesses the prevailing business environment inastate/UT,alongwiththeextent of business-supportive infrastructure, and a state/UTs’ transportconnectivity.

• Export Ecosystem focuses on the export-related infrastructure in a state along with the trade support provided to the exporters, and the prevalence of Research and Development in the state to foster innovation.

• Export Performance is an outputbased indicator which gauges the growth of a state’s export over the previous year and analyses its export concentration and footprint ontheglobalmarkets.

These pillars are further based on ten sub-pillars – Export Promotion Policy; Institutional Framework; Business Environment; Infrastructure; Transport Connectivity; Export Infrastructure;

Trade Support; R&D Infrastructure; Export Diversification; and Growth Orientation.

The EPI 2022 Report observed that most ‘Coastal States’ have performed well, with the states of Tamil Nadu, Maharashtra, Karnataka and Gujarat being the top-performers in the Export Preparedness Index across the country,inallcategoriesofstates.

Indian textile exports shrink, mills facing cash crunch

NEW DELHI: India’s textile and apparel industry saw an 11.3% reduction in exports in June 2023 compared to the previous year while several mills continue to face acute cash loss, report came. Several mills in the South also suspended production citing lack of demand, the reportsaid.

Export of cotton yarn, fabrics, made-ups and handloom products slid by 1.21% year-on-year (y-o-y), shipment of man made products saw a 17.22 % decline while jute products and carpets plunged by 26.72 % and 15.43% respectively, according to data shared by the Confederation of Indian Textile Industry(CITI).

Textile exports in June 2023 were worth $1,624 million ($1,736 million in June 2022) while apparel exports were worth $1,248 million as opposed to$1,501millionlastyear.

TextilesExportPromotionCouncil, told that export of cotton products was expected to pick up in the next two months as the month-on-month rateofdeclinehadreducedinJune.

Siddhartha Rajagopal, Executive Director

of Cotton

Meanwhile,smallertextilemillsin Tamil Nadu were suspending productionduetolackoforders,itwas reported, K.M. Subramanian, President of Tiruppur Exporters Association, said the smaller companies were the worst affected in theTiruppurcluster.

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