India Development News & Foreign Investment Opportunities

Expand e-commerce export list: FIEO

Exploit e-commerce potential, says Gupta

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Exploit e-commerce potential, says Gupta

 

 

The Federation of Indian Export Organizations (FIEO) has called for expansion of list of products that can benefit from the Merchandise Exports from India Scheme if shipped through e-commerce.

Making the call, FIEO President Ganesh Kumar Gupta pointed out that the present list excludes many products which are traded through such platform.

He also suggested to extend the benefits to all International exports in the country as well as all Foreign Post Office instead of restricting to few airports and post offices so that artisans and entrepreneurs located in tier 2 and 3 cities can also exploit the potential of e-commerce exports.

His call follows a recent government decision to raise the limit of exports through courier and e-commerce exports through couriers and foreign post office.

The government has increased the list from Rs.25,000 to Rs.500,000.

This shows the pragmatic approach of the Government and will go a long way in facilitating e-commerce retail exports from the country, he said, hailing the initiative. fiinews.com

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