The Director General of Foreign Trade (DGFT), Santosh Sarangi, has announced the Indian government’s plan to sign Memorandums of Understanding (MoUs) with key e-commerce players, including Amazon, Walmart, and Flipkart. The objective is to enhance e-commerce exports from approximately 100 districts across the country. These partnerships are expected to provide a significant boost to India’s export capabilities in the digital marketplace.
Promoting Big Companies’ Collaboration with MSMEs: DGFT Santosh Sarangi emphasized the importance of fostering collaborations between major Indian companies and Micro, Small, and Medium Enterprises (MSMEs) to stimulate the growth of the latter. Drawing inspiration from successful models in Japan and Korea, where large corporations engage in systematic vendor development programs with MSMEs, Sarangi sees this approach as a promising way forward.
Exemplary Rise in Electronic Product Exports: Highlighting the success of this collaborative approach, Sarangi pointed out the notable increase in exports of electronic products, specifically Samsung and Apple phones, from India. This success story is part of an overall surge in electronic exports from the country, showcasing the potential for similar achievements in other sectors through strategic alliances.
Balancing Geographic Export Contributions: Sarangi drew attention to the regional concentration of exports, noting that currently, only four states—Gujarat, Maharashtra, Karnataka, and Tamil Nadu—contribute to 68% of all exports from India. Emphasizing the need for a more balanced geographic distribution, the government aims to encourage exports from various regions, thereby diversifying and strengthening the country’s overall export landscape.
