It would be an effective strategy for the country to make e-commerce export zone as a global hub for the world. Analyse (200 Words)
Refer - Business Line
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
e-commerce export zone
· These zones can act as aggregators and provide vital synergies to enable MSMEs board the global e-commerce market.
· Indian MSMEs must leverage e-commerce and cross-border e-sales as a strategy to weather the Covid pandemic storm.
· As per UNCTAD estimates for 2018, the world market for e-commerce was $25.6 trillion.
· Apparel and handloom, handicrafts, footwear, metalwares, beauty and nutritional products where Indian products can potentially tap.
Measures to e-commerce as a global hub
· To tap the global e-commerce market, India must create dedicated E-Commerce Export Zones or ECEZ.
· Such zones should act as technology enabled international e-commerce fulfilment centres.
· ECEZ should be treated as domestic territory, and not like a SEZ. With the promise of a competitive delivery time, entrepreneurs would have the option to experiment listing products for international sales more easily.
· The cheapest e-commerce export route in India is via Foreign Post Offices (FPOs) as they charge less cost than private couriers charge.
E-commerce can provide a level playing field for entrepreneurs, reduce dependency on middlemen in remote areas and socially deprived groups.
Venkateshwaran R 4 years
Kindly provide feedback. Thabk you Mam/Sir
IAS Parliament 4 years
Good attempt. Keep Writing.
