• UGI USER
  • Mar 14, 2024
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EASE E-COMMERCE FOR MSME EXPORTS’

Why in the news?

Niti Aayog and the Foundation for Economic Development propose reforms to simplify MSME exports and address challenges in e-commerce.

source:slideserve

About Enhancing MSME Exports:

  • Niti Aayog and the Foundation for Economic Development propose facilitating MSME exports via e-commerce platforms.
  • They advocate simplifying merchandise trade processes to encourage smaller players to engage in exports.
  • The establishment of a unified national trade portal for approvals and compliances is recommended to streamline the export process.
About The Micro, Small and Medium Enterprises(MSMEs.):

●   The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2018 suggests redefining MSMEs.

●   It proposes reclassifying all MSMEs, including manufacturing and service providers, based on their annual turnover.