Exim Bank Hosts Event In Indore To Push MSME Exports, Calls For Doubling MP's Exports By 2030

Indore, Jun 30 (KNN) Export-Import Bank of India (Exim Bank) organised an event on ‘Accelerating MSME Participation in Global Value Chains’ in Indore to strengthen export readiness, improve competitiveness and enhance access to finance for micro, small and medium enterprises (MSMEs) in Madhya Pradesh.
 
Exim Bank Calls for Doubling Madhya Pradesh's Exports by 2030 
In his inaugural address, Exim Bank Deputy Managing Director Tarun Sharma highlighted the critical role of MSMEs in driving export-led growth and stressed the need to scale up exports from Madhya Pradesh. He noted that the state contributes 1.8 percent to India's exports and ranks 13th among states. 
 
Sharma said doubling the state's exports by 2030 would require maintaining a compound annual growth rate (CAGR) of around 10.6 percent through export diversification across sectors such as pharmaceuticals, chemicals, agro-processing, defence and space technology, while exploring new overseas markets.
 
Trade Assistance Programme Supports Export Growth 
Sharma also highlighted Exim Bank's Trade Assistance Programme (TAP), which has supported more than 2,900 transactions, generating over USD 4 billion in incremental exports across 60 countries. 
 
In Madhya Pradesh, the programme has facilitated trade finance for sectors including food processing and pharmaceuticals.
 
He expressed confidence that Exim Bank's regional office in Indore would strengthen engagement with exporters and expand access to the bank's financial products.
 
State Showcases Industrial Infrastructure and Export Push 
Madhya Pradesh Industrial Development Corporation (MPIDC) Executive Director Himanshu Prajapati outlined the state's evolving industrial ecosystem, highlighting infrastructure initiatives such as the Indore-Pithampur Economic Corridor, expanding IT parks and plug-and-play industrial facilities aimed at attracting investment.
 
A separate session showcased Exim Bank's financing solutions for exporters and highlighted the recently launched Export Promotion Mission (EPM), designed to strengthen India's participation in global markets.
 
Providing a policy perspective, Joint Director General of Foreign Trade (DGFT) Abhishek Sharma discussed the Districts as Export Hubs (DEH) initiative, emphasising district-level export promotion to strengthen MSME participation in international trade.
 
Industry Highlights Challenges and Need for Innovation 
A panel discussion highlighted export opportunities for MSMEs alongside challenges such as logistics costs, labour availability and connectivity. Experts also stressed the need for greater innovation and stronger industry-academia collaboration to boost R&D. 
 
Reaffirming its focus on Madhya Pradesh, Exim Bank said it will continue supporting MSMEs through targeted outreach and customised financial solutions to strengthen their participation in global value chains. 

(KNN Bureau)