India, Dec. 8 -- The Government of India has issued a release:
The recent trends in exports from MSME sectors reveal that contribution of the MSME sector in overall merchandise exports has increased from 45.74% in 2023-24 to 48.55 % in 2024-25 in USD value terms. In order to promote exports including from MSME sector,the Government has approved the Export Promotion Mission (EPM) as a comprehensive framework to strengthen the overall export ecosystem. Under EPM, support shall be provided through NIRYAT PROTSAHAN, which focuses on trade finance facilitation for MSME exporters, and NIRYAT DISHA, which shall provide non-financial support including export-quality and compliance assistance, market-access interventions, logistics facilitation, and export ecosystem-building measures. Furthermore, the comprehensive GST rationalisation recently done by the government will strengthen MSMEs fortifying local supply chains in critical sectors like automobiles, textiles, food processing, logistics, and handicrafts. Lower GST rates have made raw materials and services more affordable, motivating small and medium enterprises and start-ups to scale up operations, invest in innovation, and compete both domestically and globally.
In addition, the Government, inter-alia, has undertaken the following initiatives to boost the competitiveness in global value chain: -
This information was given by the Minister of State for Micro, Small and Medium Enterprises (Sushri Shobha Karandlaje) in a written reply in Rajya Sabha today.
AKS
Disclaimer: Curated by HT Syndication.
