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News on Medial
Amazon working with govt agencies to push MSME exports in India: Director Bhupen Wakankar
Thehindubusinessline
·
1y ago
Medial
Amazon Global Selling is partnering with the Ministry of Commerce and the Director General of Foreign Trade to further boost exports from districts with good export potential. The platform has already formed partnerships with various governmental and industry bodies, logistics providers, banks, and venture capitalists. Through these collaborations, Amazon aims to drive awareness and education of e-commerce exports, particularly at the district level, leveraging the infrastructure and on-ground presence of the DGFT and local export promotion councils. Amazon Global Selling currently has over 125,000 exporters on its platform, with a revenue target of $20 billion by 2025.
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Amazon Likely To Bring In Its Senior Executive Samir Kumar To Lead India Ops
Inc42
·
11m ago
Medial
Kumar is currently responsible for managing the exports business of the company. He started working at Amazon in 1999 as a systems engineer and played a key role in launching its operations in India in 2013. Kumar also served as the director of international expansion at Amazon until 2015. Notably, Amazon's marketplace losses have increased by 33% to INR 4,854 Cr in the fiscal year ending March 2023.
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Govt steps help boost toy exports, manufacturing; more work needed: DPIIT Secy
YourStory
·
1y ago
Medial
The Indian government has taken measures to boost toy exports, including mandatory quality control orders and increased customs duty. The Department for Promotion of Industry and Internal Trade (DPIIT) is also working on extending fiscal incentives under the Production Linked Incentive (PLI) scheme for the sector. The country's toy exports have risen from $96.17 million in 2014-15 to $325.72 million in 2022-23, while toy imports have decreased. The government aims to make India a global hub for toy manufacturing through initiatives such as the National Action Plan for Toys (NAPT) and collaborations with online platforms like Flipkart.
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Govt to soon launch new credit guarantee scheme for MSME sector up to Rs 100 Cr
YourStory
·
7m ago
Medial
The Indian government plans to introduce a new credit guarantee scheme targeting the MSME sector, with loans up to Rs 100 crore provided without collateral for existing enterprises. Announced in Budget 2024-25, the scheme will involve pooling credit risks and establishing a self-financing guarantee fund. MSMEs play a vital role in India's economy, contributing significantly to GDP and exports. The initiative aims to bolster machinery and equipment purchases while promoting rural entrepreneurship.
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Sub-prime lending by PSBs rises on the back of govt guarantees
Economic Times
·
1m ago
Medial
Public sector banks in India have increased lending to micro, medium, and small enterprises (MSMEs) with government-backed guarantees, despite a general trend towards lending to higher-quality borrowers. The proportion of subprime borrowers in public sector banks' MSME portfolios decreased from 33.5% in June 2022 to 23.3% in March 2025. Government schemes such as the Credit Guarantee Fund for Micro Units and the Emergency Credit Line Guarantee Scheme support this lending, which has led to improved asset quality in MSME portfolios.
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NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs
Inc42
·
1y ago
Medial
The report from NITI Aayog suggests several measures to boost exports from micro, small, and medium enterprises (MSMEs) in India. It highlights the need to distinguish between exporter on record (EOR) and seller on record (SOR) for ecommerce exports and recommends a green channel clearance for MSME ecommerce exporters. The report also calls for easing compliance requirements and providing time-bound disbursement of incentives for MSMEs. NITI Aayog emphasizes the significant contribution of MSMEs to employment generation, exports, and overall economic growth in India. They also identify specific sectors such as handicrafts, textiles, ayurveda, and leather goods as export opportunities for Indian MSMEs.
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Government in process of finalising various pillars of AI technology: MoS Jitin Prasada
YourStory
·
1y ago
Medial
The Indian government is working on finalizing the various pillars of AI technology as part of the approved Artificial Intelligence Mission with a budget of Rs 10,372 crore. This mission aims to develop a high-end scalable AI ecosystem through public-private partnerships. Additionally, the government is implementing production-linked incentive (PLI) schemes to boost manufacturing capabilities and exports, resulting in significant investments, increased production, and job creation. The government is determined to support India's vision of becoming a manufacturing hub and is focused on fostering growth in the MSME sector.
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Working with RBI, other ministries on steps to promote ecommerce exports: DGFT
Economic Times
·
1y ago
Medial
The Directorate General of Foreign Trade (DGFT) is collaborating with the Reserve Bank of India (RBI) and other ministries to implement measures that promote exports through the e-commerce medium. DGFT is working to bring flexibility in payment realization, facilitate foreign exchange policies, designate e-commerce export zones, and increase the value limit for e-commerce exports. The global e-commerce exports, estimated to reach $2 trillion by 2030, present significant growth opportunities for India to leverage.
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Comm, MSME, finance ministries to work on contours of Export Promotion Mission: Goyal
YourStory
·
6m ago
Medial
The commerce, MSME, and finance ministries are collaborating to identify sectors in need of capital for technology upgrades, marketing, and export promotion. An Export Promotion Mission with an outlay of Rs 2,250 crore aims to boost exports by providing affordable credit and supporting MSMEs in overcoming non-tariff measures. The initiative seeks to support sectors like textiles and marine, addressing barriers and facilitating domestic manufacturing and exports for a significant impact.
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Coffee exports up 125 pc to $1.8 billion in last 11 years: Govt data
Economic Times
·
2m ago
Medial
India's coffee exports have risen by 125% to $1.8 billion over the past 11 years, driven by initiatives from the Coffee Board of India. Key strategies include digital certification processes, market intelligence sharing, and financial support for value-added products and export expansion to new markets. The country's main coffee production states are Karnataka, Kerala, and Tamil Nadu. India is the seventh largest global coffee producer, with exports primarily to Europe and several Asian countries.
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How M1xchange is revolutionising MSME financing in India
Economic Times
·
2m ago
Medial
M1xchange has revolutionized MSME financing in India by offering a digital Trade Receivables Discounting System (TReDS). As an RBI-approved marketplace, it allows MSMEs to convert trade receivables into immediate working capital, significantly reducing cashflow issues caused by delayed payments. The platform has discounted invoices worth over Rs 170,000 crore and onboarded 65 banks and 50,000 MSMEs, offering lower discount rates and efficient processing times. This transformation supports financial inclusion and enhances MSME creditworthiness.
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