Export Promotion Council for MSME Sector
·
Integration of MSME in Global Value Chain with $100bn Exports
Proposed
[PIB Press Release dated 31st December 2018]
Ministry of Micro, Small and Medium
Enterprises (MSME) has recently established an Export Promotion Cell 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 the Lok Sabha today, while replying to a
question.
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 toachieve 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