Need of the hour is to create a consolidated policy framework for e-commerce exports for better development of Micro Small Medium Enterprises. Critically Analyse (200 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
E-commerce marketplaces are enablers for transformation of MSME sector at minimal cost.
Opportunities
· It can contribute significantly in achieving vocal for local, allows for products even from hinterlands to get to the national market.
· The e-commerce sector provides opportunities for MSMEs to partner them in supply and delivery networks.
· Start-ups and young brands are also finding opportunities to build national brands and even going global.
· This leads to additional income generation through multiple livelihood opportunities.
Challenges
· Sellers on e-commerce marketplaces do not get advantage of GST threshold exemption (of Rs 40 lakh) for intra–state supplies.
· The sellers in offline are required to have a physical Principal Place of Business, given the nature of e-commerce, is not practical.
· Provide MSMEs with handholding support to understand how e-commerce functions. These can be provided by state governments.
· To examine the existing schemes and benefits for MSMEs, which were formulated with an offline, and tweak them to include the special needs to leverage online sales channels.
· MSMEs could be given fiscal incentives to access markets and invest in digital marketing.
· Identify products that have potential for the export market, connect e-commerce with export-oriented manufacturing clusters.
Saravanan 4 years
Pls review
IAS Parliament 4 years
Try to include about challenges. Keep Writing.
