ENA Sectors 2024-07-23 18:28:31 <p><span style="font-size:14px"><strong>New Delhi, Jul 23 (KNN)</strong> In a move aimed at boosting international trade opportunities for India's small businesses and artisans, Finance Minister Nirmala Sitharaman has unveiled plans to establish E-Commerce Export Hubs.</span></p> <p><span style="font-size:14px">The initiative, announced as part of the new budget, will operate under a public-private partnership (PPP) model.</span></p> <p><span style="font-size:14px">These hubs are designed to provide a comprehensive solution for Micro, Small and Medium Enterprises (MSMEs) and traditional artisans seeking to expand their reach into global markets.</span></p> <p><span style="font-size:14px">According to Sitharaman, the facilities will offer a range of export-related services within a single location, streamlining the process for small-scale producers.</span></p> <p><span style="font-size:14px">The Finance Minister emphasised that these hubs will function within an integrated regulatory and logistical framework, potentially simplifying the complex procedures often associated with international trade.</span></p> <p><span style="font-size:14px">This approach aims to remove barriers that have historically hindered smaller businesses from participating in the global marketplace.</span></p> <p><span style="font-size:14px">While specific details regarding implementation timelines and locations have not been disclosed, the announcement signals the government's intent to leverage e-commerce as a tool for economic growth and export diversification.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38716 https://knnindia.co.in/news/newsdetails/sectors/finance-minister-nirmala-sitharaman-announces-e-commerce-export-hubs-for-msmes 2024-07-23 18:28:31 knnindia.co.in