The commerce ministry is anticipated to request a five-year extension for the Interest Equalisation Scheme for exporters, rather than a short-term extension when the current period expires on 30 June. According to a senior official, the scheme has been particularly beneficial during periods of high interest rates. Under the interest equalisation scheme, exporters receive an […]
The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India, has intensified efforts to bolster e-commerce exports from the country, as part of its ‘District as Export Hubs’ initiative. Aimed at facilitating micro, small, and medium enterprises (MSMEs) to explore international markets via e-commerce channels, this initiative is […]
India will have to leverage its sizable home market to become more competitive and scale up production to enjoy the benefits of scale economies Promoting the micro, small and medium enterprises (MSMEs), enhancing skills to build future workforce and larger exports, focussing on high-end manufacturing, taking digital India to the next level and promoting cleaner […]
the ecommerce platform Flipkart has opened its fourth grocery fulfilment facility in Malda, West Bengal, according to the company’s press release. According to the statement, the hub would create over 700 direct and indirect local employment while also offering countrywide market access to thousands of local retailers, MSMEs, and small-scale farmers. The fulfilment hub, which […]
While the share of micro, small and medium enterprises (MSMEs) in the manufacturing sector has remained fairly constant, their contribution to overall exports has declined despite the recovery in FY22, according to a joint report by U GRO Capital and Dun and Bradstreet (D&B). While talking about the lending ecosystem, the ‘MSME Sampark Bi-annual report […]
As the majority of Indian micro, small and medium enterprises (MSMEs) continue to face debt and delayed payments, about 90 per cent are confident about India’s economy In 2024, according to a study by NeoGrowth, an MSME-focused non-banking financial company (NBFC). The MSME business confidence Study revealed that about 91 per cent of MSMEs expect […]
Union Minister For Commerce and Industry Piyush Goyal announced on Thursday that the National E-commerce Policy is in its final stages of discussion and is poised for imminent announcement. Addressing the media at a press conference, Goyal stated, “It is in the final stages of discussion at the highest level in the government. We hope […]
As micro, small and medium enterprises (MSMEs) continue to ride the ecommerce wave, the Forum for Internet Retailers, Sellers and Traders (First) India, a division of India SME Forum (ISF) in a survey report has highlighted the challenges in the space and the need for policy reforms for a conducive ecosystem and collaboration between policymakers […]
India’s leading payments and financial services distribution company Paytm has announced the expansion of its loan distribution business with an enhanced focus on higher ticket loans for consumers and merchants. The company highlighted that these loans will be targeted at lower-risk and high-credit-worthy customers in partnership with large banks and NBFCs. Amid recent macro developments […]
eBay, a global commerce platform that connects millions of buyers and sellers around the world, has launched its first-ever ‘Seller Guide’ for Indian exporters. This handbook serves as a tool, providing sellers venturing into cross-border ecommerce with a complete roadmap. From data on India-centric supply to onboarding procedures, promotions and shipping strategies, this guide paves […]
