Home » MSME » Growth of Exports of MSME Products 

Growth of Exports of MSME Products 

The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME, in the Lok Sabha today.  The Minister further informed that the growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively.

Giriraj Singh added that as per the information received from Directorate General of Commercial Intelligence & Statistics, the value of exports of MSME related products have been USD 130768.70 Million, USD 137068.80 Million, USD 147390.08 Million, USD 78519.91 Million during the financial year 2015-16, 2016-17, 2017-18 and 2018-19 (till September, 2018), respectively.

He also stated that the Government of India has taken several measures to improve competitiveness of Indian industry and to boost exports. These include efforts taken under National Manufacturing Competitiveness Programme, Make in India initiatives, Ease of Doing Business, improvement in infrastructure and logistics, improved availability of credit, awareness programs and workshops, Merchandise Exports from India Scheme (MEIS), Interest Equalisation Scheme on Pre & Post Shipment Rupee Export Credit and Niryat Bandhu Scheme.

In reply to another question the Minister said as per the information received from Central Statistics Office, the share of MSMEs in Gross Domestic Product   at current prices has been 29.7%, 29.2% and 28.9%, during the financial year 2014-15, 2015-16 and 2016-17, respectively. He further said that as per the 73rd Round of National Sample Survey (July, 2015 – June, 2016), conducted by the Ministry of Statistics & Programme Implementation, 1109.89 lakh persons were employed in unincorporated non-agricultural MSMEs, excluding construction.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Enhanced Import Duty on Bamboo Sticks to give a big boost to Agarbatti and Bamboo Industries in India: KVIC

he Central Government’s decision to increase import duty on bamboo sticks from 10% to 25% ...

Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs (a)Rs 20000 crore package for Distressed MSMEs and (b) Rs 50,000 crore equity infusion through Fund of Funds

In line with Government of India’s top focus on energising MSMEs in the country, a ...

Government is exploring new financial lending institutions to support small-scale units – Shri Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today said that ...

Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry: Shri Gadkari

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that ...

KVIC comes forward to hand-hold local production

The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra ...

Shri Nitin Gadkari emphasizes on Agro, Fishing and Forest MSMEs for manufacturing products using local raw material

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has emphasized on ...

Union Ministry of MSME Working on A Agro MSME Policy: Shri Nitin Gadkari

The Minister Stresses Upon New Alignment of Delhi-Mumbai Green Express Highway as an Opportunity To ...

MSME Technology Centres Contributing in A Big Way in Fight Against COVID19

The country right now is fighting with novel corona virus at many levels. Eighteen operational ...

Major Port Authorities Bill 2020 Introduced in The Loksabha

Major Port Authorities Bill 2020 was introduced in the Loksabha by the minister of state ...

Parliament Passes The Mineral Laws (Amendment) Bill, 2020

Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development ...

WP2Social Auto Publish Powered By : XYZScripts.com