Government plans to boost MSME business with e-commerce export hubs

The government plans to establish e-commerce export hubs to help micro, small, and medium enterprises to connect with global markets. The government also aims to harness these hubs to boost business for traditional Indian artisans.

As the government’s finance minister Nirmala Sitharaman presented the Union Budget on July 23, she outlined the government’s plan to launch e-commerce export hubs as a public-private partnership, ET Retail reported. The government also plans to increase membership of its TReDs platform which was set up to help MSMEs. In order to achieve this, the government will reduce the turnover threshold for MSME buyers to be mandatorily onboarded onto the platform from Rs 500 crore to Rs 250 crore.  
 
“Focus on e-commerce hubs will help the D2C [direct to customer] ecosystem including small vendors and aggregators to bring in greater efficiency in their operations and improve accessibility to markets including exports,” said Deloitte India’s partner and sector leader for consumer products and retail Anand Ramanathan, ET Tech reported.
 
The government further elaborated on its plans to boost e-commerce exports in its Economic Survey 2023 to 2024, released on July 22, the Economic Times reported. By rolling out its ‘Districts as Export Hubs’ initiative, the Union Government aims to collaborate with export promotion councils across numerous industries as well as government departments to streamline operations and increase the effectiveness of promotions.