Govt. aims for USD 100 bn of exports by 2020
The Government of India is putting an action plan in place to achieve the target of USD 100 billion of exports by 2020. As per the information received from Directorate General of Commercial Intelligence and Statistics (DGCIS), the value of MSME related products is USD 147,390.08 million and share of MSME related products in the country’s exports was 48.56% during 2017-18.
So, with an aim to create a sustainable ecosystem for entire MSME development, the Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell. To ensure efficient and effective delivery of all MSME export related interventions, the Ministry has proposed to formulate a governing council that will be chaired by Secretary, M/o MSME and Co-chaired by Development Commissioner, M/o MSME. The council will comprise of senior officials and members from M/o MSME, Commerce, MSME Export Promotion Councils, Export Development Authorities, Commodity Boards, and other bodies.
The Cell will evaluate readiness of MSMEs to export their products and services. It will identify areas where improvements are required in order to be able to export effectively and efficiently. It will ensure integration of MSME into global value chain.