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MSME exports cross US$147390 mn in FY 17-18!

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Efforts made under Make in India Promoted fairly Ease of Doing Business! Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh has said that the value of MSME related products’ exported during 2017-18 has reached USD 147,390.08 million, as per the information received from Directorate General of Commercial Intelligence and Statistics (DGCIS). The revenue of exports of specified MSME had registered in 2016-17 was of US$ 137068.80 over the previous year 2015-16 of US$ 130768.70. Giriraj Singh further informed that 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 ex

Setting up EPC for MSME India

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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 countr