Current Affairs

Export Promotion Cell for MSMEs

The Ministry of Micro, Small and Medium Enterprises has established an Export Promotion Cell.
Export Promotion Cell for MSMEs
  • The cell aims to create a sustainable ecosystem for Micro, Small and Medium Enterprises (MSMEs).

Exports from the MSME sector:

  • The value of MSME-related export products was USD 147,390.08 million in 2017-18.
  • The share of MSME-related products in the country's exports was 48.56 per cent during 2017-18.

Benefits of the Promotion Cell:

  • Integration of MSMEs into the global value chain.
  • Evaluation of readiness of MSMEs to export their products and services.
  • Recognition of areas where improvements are required in order to be able to export effectively and efficiently.

Presence of a Governing Council:

  • In order to ensure the efficient delivery of the export-related interventions for the MSMEs, the MSME Ministry has decided to set up a Governing Council chaired by the Secretary of the MSME Ministry and co-chaired by the Development Commissioner, MSME.
  • The Council will also comprise of senior officials and members from ministries of MSME and commerce, MSME Export Promotion Council, Export Development Authority, Commodity Boards, and other bodies.

Question:

Q. The Ministry of Micro, Small and Medium Enterprises (MSMEs) has established which cell that aims to create a sustainable ecosystem for MSMEs?
a. Rural Promotion Cell
b. Export Promotion Cell
c. Loan Promotion Cell
d. Quality Promotion Cell
Export Promotion Cell for MSMEs Export Promotion Cell for MSMEs Reviewed by Inderjeet Virdi on January 05, 2019 Rating: 5

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