New Delhi : India SME Forum, the
country’s leading organization for small and medium enterprises (SMEs), has
called on the government to implement key reforms in the upcoming Union Budget
2025 to empower e-commerce exporters and enhance their global competitiveness.
Representing over 1.33 million MSMEs across the country, the forum has
highlighted the immense potential of E-Commerce Export Hubs. It has urged
targeted measures to reduce costs, streamline processes, and promote brand
visibility in international markets.
Speaking to the media, Mr. Vinod Kumar, President,
India SME Forum, underscored the challenges faced by MSMEs and the need for
robust support from the Union Budget. He stressed the importance of E-Commerce
Export Hubs as catalysts for expanding MSMEs' global footprint. He advocated
for tax incentives and dedicated credit access programs to strengthen their
ability to participate in cross-border trade seamlessly.
Simplification of Export Reconciliation Process
India SME Forum also called for the permanent
simplification of the export reconciliation process. It urged a waiver of the
Export Data Processing and Monitoring System (EDPMS) closure fee for smaller
shipments and the integration of online portals for EDPMS clearance and eBRC
generation. The forum recommended that the Reserve Bank of India (RBI) make its
directive to simplify the export reconciliation process permanent, with an
indefinite waiver for the EDPMS closure fee for shipping bills up to $1,000 or
₹1,00,000, whichever is higher.
Speaking on these recommendations, Vinod Kumar
stated: "The e-commerce export sector has immense potential to drive
India's growth story on the global stage. By implementing these reforms, the
government can unlock opportunities for millions of entrepreneurs and small
businesses, strengthening India’s position as a global export powerhouse.
India’s MSMEs are the backbone of our economy, and this budget presents a
critical opportunity to implement policies that empower them to thrive.
Addressing payment delays, simplifying customs processes, and fostering export
hubs are vital to ensuring their competitiveness in global markets."
Additional Recommendations for E-Commerce Exporters
Mr. Kumar also emphasized the need for additional
measures to boost e-commerce exports. He advocated for Priority Sector Lending
(PSL) benefits to improve credit access, a reduction in GST on logistics costs
to ease operational expenses, and incentives for international brand promotion
to help MSMEs scale and compete globally. He further stressed the importance of
nationwide adoption of Uttar Pradesh's Export Promotion Policy 2025-30, which
includes a 75% reimbursement scheme for exporters, making it easier for
businesses to expand their presence in global markets.
“We firmly believe that these reforms will not only
benefit exporters but also contribute to India’s vision of becoming a $5
trillion economy,” added Kumar.
India SME Forum remains committed to working with
the government and stakeholders to ensure the challenges faced by SMEs are
addressed. The forum’s recommendations aim to create an enabling
ecosystem for e-commerce exporters, unlocking their
potential to contribute meaningfully to India’s economic growth.
About INDIA SME FORUM
India SME Forum (ISF)
is the India’s largest not for profit, non-political, non-governmental &
nontrade organization for Small and Medium Entrepreneurs, with over 98,200
MSMEs as paid members including 9400+ Women Entrepreneurs and over 12,36,000
MSMEs as subscribers, and with 19 State Chapters across the country. Our
professional association & affiliation includes Ministry of MSME, Govt of
India, FIDD RBI, UNIDO, UNCTAD, ITC Geneva, WUSME, INSME & WTO’s informal
group for SMEs.
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