logo
close icon

108 MSME clusters identified to help India boost exports

Business-Standard

Under the ambit of the new five-year foreign trade policy unveiled on Wednesday by the central government, 108 MSME clusters have been identified to help India meet its export target of $900 billion by 2019-20.

The central government in this endeavour has revised and restructured the Niryat Bandhu Scheme (NBS) aimed at mentoring and promoting entrepreneurship for international business, said an official statement.

“The NBS has been galvanised and repositioned to achieve the objectives of Skill India,” it said.

With the objective of promoting the MSMEs in international trade, the central government will organise activities for the MSME (micro, small and medium enterprise) in a “structured way” at the identified clusters under partnership models involving the private players and industry players and bodies.

It has also initiated a scheme of self-certification for export status-holder manufacturers to self certify their manufactured goods in phases, as originating from India with a view to qualifying for preferential treatment under various forms of bilateral and regional trade agreements.

“This Approved Exporter System will help these manufacturer exporters considerably in getting fast access to international markets,” the statement said.

Union Commerce and Industry Minister Nirmala Sitharaman said the new trade policy aimed at boosting exports will result in increasing the nation’s exports to $900 billion by 2019-20 from $465.9 billion for the period 2013-14.

Read more at http://www.business-standard.com/

Published
Categorized as Miscellaneous

Latest Posts

How to Create Long-Term Customer Relationships

Posted on July 9, 2025

In the case of any business, creating long-term customer relationships is one of the best ways to achieve growth and stability. Long-term relationships imply not...

Read More

How to Use GST Input Tax Credit: Simplified

Posted on July 2, 2025

For a registered taxpayer, the utilization of GST Input Tax Credit (“ITC”) is among the strongest ways to reduce GST burden and enhance cash flow....

Read More

A new dawn for dreams: IndiaMART’s efforts in Sahabapur...

Posted on June 10, 2025

Somewhere in the streets of Fakharpur in the Bahraich district, a change unfolded in the walls of the Upper Primary School. The school, once lacking...

Read More