ENA Sectors 2024-11-15 15:08:03 <p><span style="font-size:14px"><strong>New Delhi, Nov 15 (KNN)</strong> The government has selected Gurgaon-based Shiprocket and Mumbai-based Cargo Service Centre (CSC), to pilot the nation's first E-commerce Export Hubs (ECEH), according to Director General of Foreign Trade Santosh Kumar Sarangi. The initial hubs are scheduled to begin operations near Delhi airport in February 2025.</span></p> <p><span style="font-size:14px">These specialised facilities will streamline export processes by offering in-house customs and security clearance, quality certification services, and simplified reimport procedures that allow duty-free returns of rejected consignments.</span></p> <p><span style="font-size:14px">The pilot program's performance will inform comprehensive guidelines for future nationwide expansion, potentially requiring adjustments to existing regulations across various departments, including the Bureau of Civil Aviation Security.</span></p> <p><span style="font-size:14px">The initiative aims to significantly boost India's e-commerce export capabilities, with projections suggesting potential growth fr0m the current USD 5 billion to over USD 100 billion by 2030, and possibly reaching USD 200-250 billion in subsequent years.</span></p> <p><span style="font-size:14px">This growth target appears ambitious yet achievable within the context of global e-commerce exports, which are expected to reach USD 2 trillion by 2030 fr0m the present USD 800 billion.</span></p> <p><span style="font-size:14px">The development follows China's successful model in e-commerce exports, where such activities constitute 6.4 per cent of total merchandise exports in 2023, compared to India's modest 1.14 per cent.</span></p> <p><span style="font-size:14px">China currently exports approximately USD 250 billion annually through e-commerce channels, setting a benchmark for emerging markets.</span></p> <p><span style="font-size:14px">Sarangi emphasised that these hubs will facilitate exports of diverse products, including pharmaceuticals, textiles, apparel, jewellery, Ayush products, and beauty items, particularly benefiting exporters fr0m interior regions.</span></p> <p><span style="font-size:14px">The initiative, originally outlined in the Foreign Trade Policy of 2023, began accepting pilot program applications in late August.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39927 https://knnindia.co.in/news/newsdetails/sectors/shiprocket-csc-to-pilot-indias-inaugural-e-commerce-export-hubs 2024-11-15 15:08:03 knnindia.co.in