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.