New Delhi: In a bid to streamline the export process and achieve its ambitious $2 trillion export target by 2030, the commerce ministry has announced the launch of the ‘Trade Connect’ e-platform. This initiative is part of the new government’s 100-day action plan.
The online platform aims to address challenges faced by Indian exporters, particularly micro, small and medium enterprises (MSMEs) struggling to access information. ‘Trade Connect’ will offer a one-stop solution for exporters by providing:
- Market Access Information: Regulations, trends, and sector-specific details for international markets.
- Free Trade Agreement (FTA) Benefits: Easy access to details on concessional tariffs and product-specific rules of origin under India’s FTAs.
- Expert Advice: A facility to connect with government officials and experts for queries on trade barriers and disputes.
- Trade Data and Intelligence: Free cost-country and commodity-specific data to guide export strategies.
- E-commerce Export Support: Resources and guidance for leveraging e-commerce platforms for exports.
- Export Training: Certification courses to learn the intricacies of export trade.
- Financial Schemes: Information on all export-boosting schemes like interest equalisation and duty drawback schemes.
- Logistics Support: Access to shipping and logistics services.
Ajay Sahai, director general of the Federation of Indian Export Organisations, lauded the initiative, highlighting its potential to benefit MSMEs by providing comprehensive information on a single platform.
The government plans to introduce further value-added services in the future, such as online insurance coverage, for which a minimal fee might be applicable. The platform will also require a dedicated team to monitor and address issues faced by exporters.
This move by the commerce ministry is a significant step towards boosting Indian exports and achieving the government’s ambitious target. ‘Trade Connect’ empowers exporters, especially MSMEs, with the information and resources needed to navigate the international trade landscape and contribute to India’s export growth.
