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Merchandise Exports To Get Boosted Through MSME Exporters: Anupriya Patel

In order to clear pending export incentive dues to exporters the government has released Rs 56,027 crore, she said responding to a question on export dues.

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The benefits of various merchandise exports schemes would be disbursed to more than 45,000 exporters, out of which the majority would be in the micro, small and medium enterprises (MSME) category, said Anupriya Patel, Minister of State for Commerce and Industry in Lok Sabha.

Clearance of dues under these schemes is dependent on meeting the eligibility criteria by the applicant exporter, whose applications are scrutinised for any deficiency, she said.

In order to clear pending export incentive dues to exporters the government has released Rs 56,027 crore, she said responding to a question on export dues.

She also informed the Parliament that India is in discussion with the 10-nation bloc ASEAN for initiating the review of the free-trade agreement in goods between the two regions to seek more market access for domestic products.

“The Government of India is in discussion with ASEAN countries for initiating the review of ASEAN-India trade in goods agreement to seek more market access for Indian products,” she said in a written reply to the Lok Sabha.

Further she pointed out the adverse impact textile and apparel export growth has been facing due to COVID-19 pandemic and higher import tariffs in key markets such as the European Union and the United Kingdom as compared to zero duty access in these countries to competing countries like Bangladesh and Cambodia.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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