MSME exports in UP up by 38% through e-commerce trade

MSME exports in UP up by 38% through e-commerce trade

AgenciesUpdated: Wednesday, October 27, 2021, 12:09 PM IST
article-image
Uttar Pradesh houses around 15 per cent of the country's MSMEs and more than 1,000 micro units are on various e-commerce platforms / Representative Image |

Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh have recorded a 38 per cent increase in exports since the government provided them with a platform on e-commerce websites.

Additional chief secretary (MSME) Navneet Sehgal said that the state houses around 15 per cent of the country's MSMEs and more than 1,000 micro units are on various e-commerce platforms because of which MSME exports from the state have risen by 38 per cent.

"The department is undertaking several measures to connect artisans and micro-enterprises with global e-market places along with cloud service provider networks," he said.

Abhijit Kamra, director (global trade), Amazon India, said that to increase the overall share of MSMEs, it was required to leverage new channels of exports.

"This is where e-commerce will play a critical role in enabling cross border trade for millions of MSMEs. We launched the Amazon Global Selling program in 2015 to help Indian MSMEs grow and scale through e-commerce exports.

Today, the program has 70,000 plus Indian exporters and have cumulatively crossed $3 billion in exports. Thousands of Indian MSMEs and entrepreneurs have emerged as successful global brands for toys, Ayurveda, apparel, tea, leather, jewellery etc," he said.

"One of the biggest challenges of traditional channels of exports is the inability of smaller businesses to participate in the process and be a part of the global value chain. E-commerce creates a level playing field for businesses to access foreign markets," Kamra added.

C.P. Gupta, chairperson, CII Uttar Pradesh State Council said, in a statement, that there is a need for a strong branding and marketing strategy for Indian MSME products, especially made by micro, tribal and rural enterprises.

(With inputs from IANS)

RECENT STORIES

Top Listed Realty Firms Log ₹92,500 Crore In H1 Sales, Prestige Group Maintains Strong Lead In...

Top Listed Realty Firms Log ₹92,500 Crore In H1 Sales, Prestige Group Maintains Strong Lead In...

Industrial Relations Code 2020 Aims To Simplify Labour Laws, Strengthen Worker Rights And Ensure...

Industrial Relations Code 2020 Aims To Simplify Labour Laws, Strengthen Worker Rights And Ensure...

November 30 Deadline Nears For Key Financial & Pension Tasks, Delay Could Trigger Compliance Hassles

November 30 Deadline Nears For Key Financial & Pension Tasks, Delay Could Trigger Compliance Hassles

Markets to Track Key Macroeconomic Data, Global Cues And FPI Trends Amid Derivatives Expiry

Markets to Track Key Macroeconomic Data, Global Cues And FPI Trends Amid Derivatives Expiry

New Wage Code Comes Into Force, Expands Coverage & Strengthens Worker Protection; Aims To Boost...

New Wage Code Comes Into Force, Expands Coverage & Strengthens Worker Protection; Aims To Boost...