The Commerce Secretary is looking to streamline e-commerce exports with a new regulatory framework expected to be in place by September. This move is projected to potentially boost exports to $50-100 billion in the near future.
The aim is to create e-commerce export hubs near airports and ports to help small producers connect with aggregators who will then find markets and sell their goods. These hubs will focus on promoting export products such as jewellery, apparel, handicrafts, and ODOP goods.
The industry is primarily focused on developing a strong regulatory ecosystem, including taxation and guidelines for returned goods, rather than financial assistance. The Directorate General of Foreign Trade (DGFT) is collaborating with the RBI and other relevant ministries to enhance export opportunities through e-commerce.
These hubs will provide streamlined export clearances, warehousing facilities, customs clearance, returns processing, labelling, testing, and repackaging services. India has set a target of $1 trillion in merchandise exports by 2030, with cross-border e-commerce trade playing a significant role in achieving this goal.
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