India Development News & Foreign Investment Opportunities

MSMEs exported US$147.4bn products in 2017-18

Singh highlights measures

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Singh highlights measures

 

 

The Micro, Small and Medium Enterprises (MSME) sector exported US$147.39 billion in 2017-18, Minister of State for MSME, Giriraj Singh has told Lok Sabha on 11 Feb 2019.

In 2016-17, it was US$137.068.8 billion and 2015-16 US$130.768.7 billion, he said citing information from the Directorate General of Commercial Intelligence and Statistics (DGCIS).

Singh said the Government has taken several measures to enhance exports by MSMEs.

These include efforts made under Make in India Programme, Promotion of Ease of Doing Business, improved availability of credit through MUDRA, Stand up India, schemes such as ‘Merchandise Exports from India Scheme’ (MEIS) for incentivising export of specified goods to specified markets and ‘Service Exports from India Scheme’ (SEIS) for increasing exports of notified services from India.

Other efforts, include 2% interest subvention for all GST registered MSMEs on fresh or incremental loans and increase in interest rebate from 3% to 5% for exporters who receive pre-shipment and post-shipment loans. fiinews.com

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