MSME Exporters Lose Export Share Due To Lack Of Coordination Among Ministries
Date
9/19/2022 4:31:16 AM
(MENAFN- KNN India)
MSME exporters lose export share due to lack of coordination among ministries
New Delhi, Sept 19 (KNN) Micro, small and medium enterprises (MSME) exporters have blamed the lack of coordination among central ministries as one of the factors for their fall in share of exports.
Small exporters have asked the government to set up an“empowered' grievance redressal mechanism, reported The Mint.
The MSME exports in FY22 declined to 45 per cent compared with 49.35 per cent in FY21.
This drop was witnessed despite overall exports hitting a record high of USD 420 billion in FY22.
“Whether it is policy decisions such as profiling of risky exporters which continue to harass a large number of exporters or retrieving a shipment stuck at a foreign port requiring coordination of central ministries there is no system that small exporters can reach out to for timely resolution of their grievances,' the Federation of Indian Micro and Small & Medium Enterprises (FISME) said.
This issue was raised at the recently held Board of Trade meeting under the chairmanship of Commerce and Industry Minister Piyush Goyal.
FISME has demanded an empowered grievance redressal mechanism, with a dashboard, to capture and see what kind of problems exporters face both internally and externally and find a way to resolve them.
Exports declined sequentially in August even as the trade deficit eased slightly in August to USD 28.7 billion from a record USD 30 billion in July. (KNN Bureau)
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