MSME exports drop to USD 128 billion in FY-13
Updated: Feb 12, 2014 04:44:29pm
New Delhi, Feb 12 (KNN) After recording a smart increase in 2011-12, the MSME exports dropped in 2012-13 as the global markets witnessed demand compression for most of the products shipped by the entrepreneurs in the small scale sector.
The MSME exports in 2012-13 aggregated USD 128.16 billion dropping from USD 131.48 billion in the previous year, as per the information provided by Minister for MSME, K H Muniyappa in the Lok Sabha today.
“The main markets of 20 most exported MSME product groups, which constituted more than 91 per cent of MSME exports during 2010 -13 included USA, European Union (EU), UAE, Australia, Turkey, Russia, Indonesia, Singapore, Sri Lanka, South Africa, Hong Kong, and Israel,” official data said.
The MSME products which are exported include – electrical, electronic equipment, articles of iron and steel, apparel, accessories, knit or crochet, plastic, rubber, footwear, essential oils, carpets, precious stones, spacecraft parts, among others.
The Government has been implementing various schemes/programmes to increase the export of MSME products. Some of these schemes/programmes 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.
Meanwhile, the Minister said that as per Fourth All India Census of MSMEs (2006-07) wherein data was collected till 2009 and published in 2011-12, the estimated contribution of manufacturing in MSME to GDP showed a slight decline during 2009-11. The share was 7.52 per cent in 2008-09, 7.49 in 2009-10 and 7.42 per cent in 2010-11.
Based on the above census report and Economic Census 2005 conducted by Central Statistics Office, employment in rural MSMEs was 309.41 lakh upto 2009 which was 49.23 per cent of the total employment in total MSME Sector. Similarly, the share of gross output for rural MSMEs was 41.79 per cent upto 2009. (KNN/ES)
The MSME exports in 2012-13 aggregated USD 128.16 billion dropping from USD 131.48 billion in the previous year, as per the information provided by Minister for MSME, K H Muniyappa in the Lok Sabha today.
“The main markets of 20 most exported MSME product groups, which constituted more than 91 per cent of MSME exports during 2010 -13 included USA, European Union (EU), UAE, Australia, Turkey, Russia, Indonesia, Singapore, Sri Lanka, South Africa, Hong Kong, and Israel,” official data said.
The MSME products which are exported include – electrical, electronic equipment, articles of iron and steel, apparel, accessories, knit or crochet, plastic, rubber, footwear, essential oils, carpets, precious stones, spacecraft parts, among others.
The Government has been implementing various schemes/programmes to increase the export of MSME products. Some of these schemes/programmes 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.
Meanwhile, the Minister said that as per Fourth All India Census of MSMEs (2006-07) wherein data was collected till 2009 and published in 2011-12, the estimated contribution of manufacturing in MSME to GDP showed a slight decline during 2009-11. The share was 7.52 per cent in 2008-09, 7.49 in 2009-10 and 7.42 per cent in 2010-11.
Based on the above census report and Economic Census 2005 conducted by Central Statistics Office, employment in rural MSMEs was 309.41 lakh upto 2009 which was 49.23 per cent of the total employment in total MSME Sector. Similarly, the share of gross output for rural MSMEs was 41.79 per cent upto 2009. (KNN/ES)
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