Commercial Vehicle

GoI promotes MSME exports


The Government of India (GoI) is taking several steps to promote and diversify MSME exports. Out of the USD 198.26 bn worth of exports between April-September, 2021, MSME related exports accounted for ~45.80 per cent (valued at USD 90.80 bn). The GoI initiative­s include the establishm­ent of 52 Export Facilitati­on Centres (EFCs) with an aim to provide requisite mentoring and hand holding support to MSMEs, for exporting their products and services in turn to global markets. In addition, 102 Enterprise Developmen­t Centres (EDCs) are offering profession­al mentoring and hand holding support services to existing as well as aspiring entreprene­urs with a special focus on rural enterprise­s. Through the MSME technology centres, technical support and consultanc­y services are provided. Remission of Duties and Taxes on Exported Products (RoDTEP) and Rebate of State and Central Levies and Taxes (RoSCTL) scheme launched with effect January 01, 2021 are among the initiative­s to promote MSME exports.

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