Setting up EPC for MSME India


Exports target of US$100 billion by 2020

Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell (EPC) with an aim to create a sustainable ecosystem for entire MSME development. The benefits likely to accrue to the MSMEs are:

i.              Evaluate readiness of MSMEs to export their products and services
ii.             Recognize areas where improvements are required in order to be able to export effectively and efficiently
iii.            Integration of MSME into global value chain. This was stated by Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh in theLok Sabha. 
The MSME Minister further said that the current status of exports from the MSME sector 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.

 To ensure efficient and effective delivery of all MSME export related interventions, the   Ministry 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.


An action plan is also proposed to be put in place to achieve the following objectives:

          • Target of USD 100 billion of exports from India by 2020
          • Evaluate readiness of MSMEs to export their products and services
          • Recognize areas where improvements are required in order to be able to export effectively and efficiently
           • Integration of MSMEs into Global Value Chain.


Comments

  1. EmilyJanuary 22, 2019 at 5:08 PM

    Now you can import to India with PPOBOX and get discount prices from websites which offer great deals.

    ReplyDelete
  2. Nayan JaniFebruary 2, 2019 at 4:27 PM

    Hi Emily, stay connected. And if you are a player of gem-n-jewellery industry & trade or allied you are being invited to share your statement & press release that you issue time time at: pr_nayanjani@yahoo.com with the related imaged.

    Stay tune with GJ Town India.

    ReplyDelete

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