NEW DELHI: India is developing ecommerce export hubs (ECEH) to connect small and medium enterprise ( SME) exporters to the world, officials said, adding the country is aiming to achieve the organic exports target of over $1 billion in 2025-26 and planning to focus on 12 "champion" sectors more cohesively to push services sector exports.
"These hubs will require a regulatory framework. We are starting a pilot project based on expressions of interest. After that, it will be launched in major cities which are close to airports," commerce secretary Sunil Barthwal said.
At present, India's exports through ecommerce are worth about $5 billion while the overall international market is worth about $800 billion and is estimated to reach $2 trillion. "We want that at least 10% of the share of that $2 trillion market should be with India and we are expecting that in the next five years, we should be able to reach that $200 billion mark," he added.
"These hubs will require a regulatory framework. We are starting a pilot project based on expressions of interest. After that, it will be launched in major cities which are close to airports," commerce secretary Sunil Barthwal said.
At present, India's exports through ecommerce are worth about $5 billion while the overall international market is worth about $800 billion and is estimated to reach $2 trillion. "We want that at least 10% of the share of that $2 trillion market should be with India and we are expecting that in the next five years, we should be able to reach that $200 billion mark," he added.
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