Govt looks to boost e-commerce exports, will set up PPP hubs along lines of Southeast Asian countries
The step comes at a time when Indian goods exports are facing several disruptions due to external shocks emanating from the Russia-Ukraine war, the Red Sea crisis and container shortages due to growing trade tensions between US and China.
E-commerce export hubs will be set up in public private partnership mode, Finance Minister Nirmala Sithraman said during the Union Budget presentation on Tuesday. (PTI) Finance Minister Nirmala Sitharaman Tuesday announced the setting up of e-commerce export hubs across the country in public private partnership (PPP) mode along the lines of several Southeast Asian countries that are benefiting from the rapid growth of e-commerce exports.
While Micro, Small and Medium Enterprises (MSMEs) and artisans in China, South Korea, Japan and Vietnam have witnessed a surge of exports through e-commerce, India’s exports through this route, at $5 billion, have only been a fraction of its total goods exports of $450 billion. In contrast, China’s exports through this medium alone have crossed $300 billion.
The step comes at a time when Indian goods exports are facing several disruptions due to external shocks emanating from the Russia-Ukraine war, the Red Sea crisis and container shortages due to growing trade tensions between US and China. Goods exports during the last financial year had slipped by 5 per cent.
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