Recently, Piyush Goyal released the comprehensive, E-Commerce Exports Handbook for MSMEs prepared by the Directorate General of Foreign Trade (DGFT) in New Delhi. The Minister said that the Handbook, a significant initiative supporting the objectives of Foreign Trade Policy 2023, will prove to be a definitive guide for MSMEs seeking to harness e-commerce platforms for expanding their exports.
The handbook of Ministry of Commerce & Industry (MoC & I), envisioned as a one-stop repository, provides detailed insights into strategies for promoting exports via eCommerce, facilitating MSMEs to venture into global markets effectively.
Minister Goyal noted that through eCommerce, our goal is to bridge the gap and connect Indian MSMEs, craftsmen, with global markets. Goyal reaffirmed the government’s commitment to fostering an environment conducive to entrepreneurship, echoing Prime Minister, Shri Narendra Modi’s vision of a ‘Wed in India’ initiative.
This initiative aims to position India as a premier wedding destination, aligning seamlessly with the eCommerce promotion of traditional Indian goods, catering to diverse requirements for weddings.
Goyal 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. He further emphasized that this step should help the SME sectors to take advantage of Government schemes, further pushing the eCommerce exports and boosting overall export growth from the country to achieve the target of 1 trillion USD merchandise exports by 2030.
The comprehensive handbook, initially released in four languages namely English, Hindi, Gujarati and Kannada, will be translated into all official languages across India, ensuring accessibility and benefitting consumers, entrepreneurs, farmers, and women entrepreneurs looking to contribute significantly to trade and commerce.
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