Finance Minister Nirmala Sitharaman Announces E-Commerce Export Hubs For Msmes
Date
7/23/2024 2:19:08 PM
(MENAFN- KNN India)
New Delhi, Jul 23 (KNN) In a move aimed at boosting international trade opportunities for India's small businesses and artisans, Finance Minister Nirmala Sitharaman has unveiled plans to establish e-commerce Export Hubs.
The initiative, announced as part of the new budget, will operate under a public-private partnership (PPP) model.
These hubs are designed to provide a comprehensive solution for Micro, Small and Medium Enterprises (MSMEs) and traditional artisans seeking to expand their reach into global markets.
According to Sitharaman, the facilities will offer a range of export-related services within a single location, streamlining the process for small-scale producers.
The Finance Minister emphasised that these hubs will function within an integrated regulatory and logistical framework, potentially simplifying the complex procedures often associated with international trade.
This approach aims to remove barriers that have historically hindered smaller businesses from participating in the global marketplace.
While specific details regarding implementation timelines and locations have not been disclosed, the announcement signals the government's intent to leverage e-commerce as a tool for economic growth and export diversification.
(KNN Bureau)
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