(The following is the Minister's foreword, which is part of the Amazon Exports Digest 2022)
The COVID-19 pandemic across the globe has posed unprecedented challenges and constraints on business and trade. In these trying times, the Government of India has placed a special emphasis on the MSME sector in the recovery process through a slew of policy measures and programmes. At the heart of all our initiatives is a vision to create an Aatmanirbhar Bharat, built on the intrinsic potential of MSMEs.
The MSME sector in India is endowed with tremendous growth potential. The sector contributes to around a third of India’s GDP and drives nearly half of the country’s exports. The sector has innate capacity to mark its presence in both national and global markets. Through an unwavering commitment to quality and excellence, I am confident that MSMEs will lead the way to India’s sustained economic growth and recovery. As the country moves strongly in the direction of becoming Aatmanirbhar,
The increased accessibility to e-commerce has enabled MSMEs to actively participate in foreign markets and deepen their global footprint. Amazon India, through its various initiatives, has contributed significantly in this direction.
Indian MSMEs are at a unique vantage point to further integrate themselves into global supply chains and greatly expand the frontiers of Indian exports. The potential of MSMEs in driving exports is reflected in the Hon’ble Prime Minister’s special acknowledgement of their contributions towards an unprecedented achievement of $400 billion in exports in FY 21-22. I am sure that at this pace, our MSMEs will also play a pivotal role in the achievement of the $2 trillion export target set to be achieved by 2027.
To this end, e-commerce marketplaces will play a unique role in enabling Indian MSMEs to engage directly with foreign markets and expand their operations globally. The increased accessibility to e-commerce has enabled MSMEs to actively participate in foreign markets and deepen their global footprint. Amazon India, through its various initiatives, has contributed significantly in this direction. The possibilities realized through e-commerce marketplaces will be looked upon as an inflection point in the global expansion of Indian MSMEs in the decades to come.
I strongly urge MSMEs to leverage such opportunities to better understand the dynamics of different international markets and calibrate their strategy to serve specific interests in those economies. With the availability of technological tools, I am sure they will soon see their share of overall exports rise to 60% of the overall exports from India.
For India to achieve its exports potential, it is critical for the Government and the industry to work together on this shared agenda. I would like to congratulate Amazon for committing itself to growing India’s exports.
As we move towards driving export-led growth, the success stories of enterprises will inspire a new generation of global entrepreneurs in India. For India to achieve its exports potential, it is critical for the Government and the industry to work together on this shared agenda. I would like to congratulate Amazon for committing itself to growing India’s exports. I would like to extend my best wishes to all those in Amazon who have contributed towards opening up tremendous opportunities for the Indian MSMEs
and creating a global recognition for thousands of local Indian products.
I wish the team all success.
Minister, Micro, Small and Medium Enterprises,
Government of India