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 countr