Wait...
  1. Home >
  2. Export Import News >
  3. Export News >
  4. MSME Ministry to set up export promotion cell >
  5. MSME Ministry to set up export promotion cell

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

MSME Ministry to set up export promotion cell.


Date: 02-07-2018
Subject: MSME Ministry to set up export promotion cell
The MSME Ministry is looking to set up an export promotion cell this year to coordinate with other departments and export promotion councils for increasing shipments of products like khadi, leather and coir, and identify clusters that can export directly or through aggregators, a top official said.

The move will further streamline strategies aimed at boosting exports from micro, small and medium enterprises, considered a powerful engine of the country's economic growth, contributing around 45 per cent of the overall shipments from India.

"We are trying (that) in our ministry there should be a cell which is going to coordinate and how we can bring in value and in every sector should also identify potential clusters," Secretary in the Micro, Small and Medium Enterprises (MSME) Ministry, A K Panda, told PTI in an interview.

According to him, the cell once established should identify potential clusters which can start exporting directly or through aggregators and export houses with the help of export promotion councils, adding "this is what we are going to do this year".

Sharing his outlook for coir and khadi exports, the MSME Secretary said while shipments from the Coir Board stood at Rs 2,500 crore in the 2017-18 fiscal, there is a "tremendous potential" in the coir sector.

Besides, he said, the ministry was expecting a "quantum jump" in the exports by the Khadi and Village Industries Commission this year from only around Rs 200 crore earlier, as they are expected to rise substantially.

MSMEs account for about 85-90 percent of leather exports, Panda said.

According to estimates, MSMEs contribute around 6.11 percent to India's manufacturing GDP, 24.63 percent to the GDP from service activities and 33.4 percent to the manufacturing output.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-12-2019
TRADE NOTICE No. 41/2019-20
Online filling and Issuance of Preferential Certificate of Origin under SAFTA and SAPTA for India's Exports to Nepal w.e.f. 18th December 2019

Date: 12-12-2019
Notification No. 35/2015-2020
Amendment in Para 2.25 of Foreign Trade Policy, 2015-20.

Date: 12-12-2019
Notification No. 63/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 64/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the month of October, 2019.

Date: 12-12-2019
Notification No. 65/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Jammu and Kashmir for the months of July, 2019 to October, 2019.

Date: 12-12-2019
Notification No. 66/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 67/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the month of October, 2019

Date: 11-12-2019
Notification No. 65/2019-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI - reg.

Date: 11-12-2019
Instruction No. 05/2019-Customs
Reporting of cases warranting action under PMLA.

Date: 10-12-2019
Notification No. 89/2019 – Customs (N.T.)
Appointing the date for enforcing section 88 (b) of the Finance (No. 2) Act, 2019 to bring out the changes in the First Schedule to the Customs Tariff Act, 1975.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001