The MSME ministry has established an export promotion cell to create a sustainable ecosystem for micro, small and medium enterprises (MSMEs). The ministry has also proposed to formulate a governing council that will be chaired by the secretary of the MSME ministry.
The benefits likely to accrue from the setting up of the cell include integration MSMEs into global value chain, evaluation of readiness of MSMEs to export their products and services, and recognition of areas where improvements are required in order to be able to export effectively and efficiently.
Source: The Economic Times
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- Minister of MSME: Shri Giriraj Singh (Minister of State, Independent Charge).