The Indian government is actively working to improve exports from the Micro, Small and Medium Enterprises (MSME) sector. Several initiatives have been launched, including the establishment of Export Facilitation Centers and Enterprise Development Centers to provide mentoring and support. A new B2B portal, MSME Mart, has been introduced as a digital solution for MSMEs, aiming to make them more competitive globally. Additionally, schemes like the International Cooperation Scheme and financial assistance are in place to boost marketability and participation in international trade.
The details of percentage share of value of exports of Micro, Small and Medium Enterprises (MSME) related products in Indias total exports during last three years and current year are:
Years
Export of MSME Related products
(in US$ billion)
Indias total Export
(in US$ billion)
% Share of MSME related products to Indias total Export
2018-19
158.76
330.08
48.10
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FAQ :
In 2019-20, MSME-related products accounted for 49.75% of India's total exports, and in 2020-21, this share was 49.35%.
The government has established 52 Export Facilitation Centers (EFCs) across the country to support MSMEs in exporting their products and services.
EDCs aim to build a network of entrepreneurial leaders by providing professional mentoring and handholding support to existing and aspiring MSMEs, with a focus on rural enterprises.
MSME Mart is a comprehensive B2B portal introduced as a one-stop digital solution for all business needs of MSMEs, designed to enhance their competitiveness in the global market.
Yes, the International Cooperation Scheme facilitates MSMEs' participation in international exhibitions, trade fairs, and buyer-seller meets abroad.
The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme was launched to provide relief on duties and taxes for exported products.