Re-Engineering Foreign Trade Strategies for Accelerating MSME Ecommerce Exports

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Overview

Welcome to the exclusive part 1 of the "Re-Engineering Foreign Trade Strategies for Accelerating MSME Ecommerce Exports"

India’s Foreign Trade Policy (FTP) provides the basic framework of policy and strategy for promoting exports and trade. Increased use of B2C e-commerce exports will allow MSMEs to better compete with products and services offered by foreign competitors. It has been rightly identified by the Hon’ble Prime Minister and the Union Commerce Minister that exports will be a key pillar for India’s economic recovery and subsequent growth in a post COVID 19 landscape.

One of the few takeaways of the global pandemic is that it has highlighted the importance of increased digitisation and e-commerce as means to improve economic well-being and to create opportunities for Indian micro small and medium enterprises (MSMEs). With the government of India looking at an exports-led recovery, India’s proposed Foreign Trade Policy (FTP) 2021-26 suggests a number of important steps to empowering SMEs.

The main focus of this discussion is to highlight the challenges in India’s Foreign Trade Policy (FTP) and suggest changes that should be integrated into the Foreign Trade Policy 2021, especially for e-commerce exports (B2B & B2C)

E-commerce has already demonstrated immense potential in enabling exporters to reach foreign customers more effectively by taking advantage of existing operational and supply chain efficiencies offered by e-commerce platforms.

Points of Discussion –

  • Increasing Awareness of Ecommerce Exports among MSMEs
  • End to End Digitization for processes for exports
  • Legal Framework & Trade Facilitation
  • General Provisions regarding trade
  • Creating specific logistics capability for Ecommerce Exports
  • Simplifying compliance and regulatory requirements
  • Necessity for Ecommerce specific schemes & capabilities
  • Suggestions for change in new FTP policy

Agenda

3:00 - 3:05 PM
- Introduction
by Ms. Sushma Morthania,
DG, India SME Forum
3:05 - 4:30 PM
- Special Focus : "Re-Engineering Foreign Trade Strategies for Accelerating MSME Ecommerce Exports"
Shri. Ruban Hobday,
Regional Director - South, Plastics Exports Promotion Council
Shri. Gurmeet Singh,
Executive Director, Electronics & Computer Software EPC
Shri. Ashutosh Kumar,
Regional Director - North, Plastics Exports Promotion Council
Shri. Sabyasachi Ray,
Executive Director, Gems & Jewellery Export Promotion Council
Dr. Abhay Sinha,
Director General, Services Export Promotion Council
Shri. Vinod Kumar,
President, India SME Forum
Smt. Alka Arora,
Joint Secretary, MoMSME, GoI
Dr. Aruna Sharma, IAS,
Former Secretary, Govt. of India
4:30 PM
- Closing Remarks

Speakers for the Episode

Smt. Alka Arora

Smt. Alka Arora

Joint Secretary,
MoMSME, GoI

Dr. Aruna Sharma, IAS

Dr. Aruna Sharma, IAS

Former Secretary,
Govt. of India

Shri. Gurmeet Singh

Shri. Gurmeet Singh

Executive Director,
Electronics & Computer Software EPC

Shri. Sabyasachi Ray

Shri. Sabyasachi Ray

Executive Director,
Gems & Jewellery Export Promotion Council

Dr. Abhay Sinha

Dr. Abhay Sinha

Director General,
Services Export Promotion Council

Shri. Ashutosh Kumar

Shri. Ashutosh Kumar

Regional Director - North,
Plastics Exports Promotion Council

Shri. Ruban Hobday

Shri. Ruban Hobday

Regional Director - South,
Plastics Exports Promotion Council

Shri. Vinod Kumar

Shri. Vinod Kumar

Hon. President,
India SME Forum