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Share of export through MSMEs consistent over 40 % in the last three years

Updated: Dec 20, 2014 01:52:30pm
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New Delhi, Dec 20 (KNN) Minister of State (Independent Charge) in the Ministry of Commerce and Industry Nirmala Sitharaman said share of export through micro, small and medium enterprises (MSMEs) consistent over 40 per cent in the last three years.

“Government has been implementing various schemes and programmes to increase the exports of MSME sector. Some of these initiatives include National Manufacturing Competitiveness Programme (NMCP), Credit Guarantee Scheme, Credit Linked Capital subsidy Scheme, Cluster Development Programme, Market Development Assistance Scheme and Vendor Development Programme for Ancillarisation,” she said.

“The exporters including MSMEs can either avail the facility of duty free raw materials under Advance Authorisation Scheme or Duty Free Import Authorisation Scheme or alternatively may get back duty suffered/ paid by them under Duty Drawback Scheme. The systems are online and time bound,” Sitharaman added. (KNN/TR)

The contributions of MSMEs in the export of the country are as follows:
Sl. No. Year MSME Export
(US$ Million)
Share of MSME in India’s Total Export
1. 2011-12 1,31,483 43%
2. 2012-13 1,28,162 43%
3. 2013-14 1,33,364 42%
 
Source: Ministry of Commerce and Industry

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