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NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs

Inc42Inc42 ยท 1y ago
NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs
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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