Goyal wants to reach out to Indian diaspora in global markets
India’s traditional products like millets (Shree Anna) and numerous other agricultural goods hold substantial demand across the globe, especially in regions with a significant Indian diaspora, says Minister of Commerce and Industry Piyush Goyal.
“Our goal is to bridge the gap and connect Indian MSMEs, craftsmen, farmers, and food processors with global markets through e-commerce,” he said at the release of “E-Commerce Exports Handbook for MSMEs” in New Delhi on 28 Dec by the Directorate General of Foreign Trade (DGFT).
The Minister went on to reaffirmed the government’s commitment to fostering an environment conducive to entrepreneurship.
He further announced that the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) would be extended to courier and postal exports and for this, the necessary IT framework and other enablers are being put in place.
Goyal emphasized that this step should help the SME sectors to take advantage of Government schemes, further pushing the e-Commerce exports and boosting overall export growth from the country to achieve the target of US$1 trillion merchandise exports by 2030.
Goyal underlined the Department of Commerce’s efforts to hand hold, promote new and first-time exporters and other MSME producers to export from India, especially through the E-Commerce route.
A Memorandum of Understanding (MoU) was also signed at the handbook launch between DGFT and Shiprocket, an E-Commerce enabler for helping in capacity building and hosting handholding sessions as part of the E-Commerce outreach conducted by DGFT Regional Authorities under its Districts as Export Hubs Initiative.
This is part of the DGFT’s collaboration with different E-Commerce platforms/enablers to hold training sessions in districts across the country with focus on promoting E-Commerce exports.
The E-Commerce exports handbook for MSME will be a key resource for creating awareness on E-Commerce exports through these outreach events in the districts, said the Ministry.
India’s Foreign Trade Policy 2023 has a stated objective to support Cross-border E-Commerce exports. The policy focuses on empowering artisans, weavers, craftsmen, and MSMEs. An Inter-Ministerial Working Group has also been constituted to address the challenges of E-Commerce Exporters and provide comprehensive solutions. E-Commerce exports is one of the key focus areas in the Foreign Trade Policy. Fiinews.com
