DC MSME To Drive MSMEs In Achieving Exports Target of USD 100 Billion By 2020
Targeting USD 100 billion of exports from Indian by 2020, the Ministry of Micro, Small and Medium Enterprises wants to conduct a research and study to evaluate and enable readiness of MSMEs to export their products and services.
The study will help recognize areas where improvements are required in order to be able to export efficiently and it will also support in the integration of Indian MSMEs into the Global Value Chain (GVC).
The Ministry of MSME has undertaken a strategic plan for unlocking the potential of MSME Exports through its schemes and programs to enable access to foreign markets for Indian MSMEs.
It has also identified challenges faced by the MSMEs which include – Limited information about products & services in demand; Working of the foreign markets, and in particular difficulties in accessing export distribution channels and in connecting with overseas customers; No or zero awareness on IPR issues and various International Trade Agreements (ITAs) etc.
To work on these challenges and achieve the set target, the DC-MSME wants to have a Market Research & Competitive Analysis of the Potential of Merchandise Exports across specific sectors along with tariff lines, current exports and potential thereof.
Through the study, detailed analysis of merchandise trade and routes with Trade and partnership potential can be known.