Establish 100 ECEHs, Ease Payment&Customs Norms to BoostE-commerce Exports: Industry
24th October 2024 : Streamlining payment procedures, simplifying customs regulations, and enhancing export policies for MSMEs were identified as critical to achieving India’s ambitious e-commerce export targets, at a stakeholder roundtable organized by the Forum for Internet Retailers, Sellers & Traders (FIRST India). Industry leaders also emphasized the urgent need to establish over 100 E-commerce Export Hubs (ECEHs) to support Indian MSMEs in overcoming challenges related to international...
24th October 2024 : Streamlining payment procedures, simplifying customs regulations, and enhancing export policies for MSMEs were identified as critical to achieving India’s ambitious e-commerce export targets, at a stakeholder roundtable organized by the Forum for Internet Retailers, Sellers & Traders (FIRST India). Industry leaders also emphasized the urgent need to establish over 100 E-commerce Export Hubs (ECEHs) to support Indian MSMEs in overcoming challenges related to international trade.
The event, which had officials from the Directorate General of Foreign Trade (DGFT) and private sector representatives, recommended several policy adjustments, including a 25% variance cap on cross-border payments, extended timeframes for payment realization, and a more flexible reconciliation model for exporters.