DGFT, Amazon join hands to help MSMEs sell products globally The Directorate General of Foreign Trade (DGFT) and Amazon India have joined hands to help Micro, Small and Medium Enterprises (MSMEs) sell their products globally.
The collaboration aims to boost e-commerce exports and enable MSMEs to reach Amazon customers in more than 200 countries under its Amazon Global Selling program.
This initiative will help Indian MSMEs to grow their business and increase their exports, which will have a positive impact on the Indian economy.
DGFT and Amazon’s Collaboration the DGFT and Amazon’s collaboration aims to provide training and enable MSMEs to sell their products globally. Under this program, Amazon will conduct training sessions for MSMEs in 75 identified districts to promote exports through e-commerce.
The training will cover various topics such as creating a seller account, product listing, packaging and shipping, and payment processing. Amazon will also provide support to MSMEs in areas such as cataloging, imaging, and account management.
Impact on MSMEs The collaboration between DGFT and Amazon will have a significant impact on MSMEs. It will provide MSMEs with a platform to sell their products globally and increase their revenue.
The training provided by Amazon will help MSMEs to understand the nuances of e-commerce and how to leverage it to their advantage. This will help them to grow their business and become more competitive in the global market.
Key Takeaways
- DGFT and Amazon have collaborated to enable MSMEs to sell their products globally under the Amazon Global Selling program.
- The collaboration aims to provide training to MSMEs in 75 districts to promote exports through e-commerce.
- The collaboration will have a significant impact on MSMEs by providing them with a platform to sell their products globally and increase their revenue.
DGFT and Amazon’s Collaboration
In a significant move to boost e-commerce exports, Amazon India has joined hands with the Directorate General of Foreign Trade (DGFT) to help Micro, Small and Medium Enterprises (MSMEs) sell their products to customers globally. As per the agreement, Amazon and DGFT will co-organize capacity-building sessions, training, and workshops for MSMEs across 75 districts identified under the Districts as Export Hubs initiative.
The collaboration aims to enable and equip MSMEs to sell their products globally by providing them with the necessary skills and knowledge required to conduct business internationally.
DGFT and Amazon will work together to conduct export-focused training for MSMEs, covering topics such as export readiness, documentation, logistics, and payment mechanisms.
Through this collaboration, MSMEs will have access to a global customer base, enabling them to expand their business and increase their revenue. Amazon’s vast network and reach will help MSMEs to overcome the challenges of selling products globally by providing them with a platform to showcase their products to millions of customers worldwide.
The collaboration between DGFT and Amazon is a significant step towards achieving the government’s vision of making India a global hub for manufacturing and exports. By empowering MSMEs to sell their products globally, the collaboration will contribute to the growth of the Indian economy and create employment opportunities for millions of people.
Impact on MSMEs
The collaboration between DGFT and Amazon India will enable and equip MSMEs to sell their products to customers globally. This move will bolster the government’s efforts to boost e-commerce exports and help MSMEs expand their businesses beyond their domestic markets.
Through this collaboration, MSMEs will have access to Amazon’s global selling program, which will allow them to sell their products to customers in over 180 countries. This will open up new markets for MSMEs and increase their visibility to a global audience.
In addition, Amazon and DGFT will co-create capacity building sessions, training, and workshops for MSMEs in districts identified by the DGFT as part of the ‘District as Exports Hub’ initiative outlined in the Foreign Trade Policy 2023, in a phased manner.
This will help MSMEs to understand the nuances of cross-border trade and equip them with the necessary skills to succeed in the global marketplace.
The collaboration will also provide MSMEs with access to Amazon’s logistics and fulfillment services, which will enable them to reach customers across the globe efficiently. This will help MSMEs overcome the challenges of cross-border logistics and enable them to focus on their core competencies.
Overall, this collaboration will have a positive impact on MSMEs by providing them with access to a global marketplace, building their capacity to succeed in the global marketplace, and providing them with logistics and fulfillment support.
Significance for Indian Exports
The collaboration between DGFT and Amazon to help MSMEs sell their products globally is a significant step towards boosting India’s exports. The MSME sector is the backbone of the Indian economy, contributing significantly to the country’s GDP and employment. However, the sector faces challenges in accessing global markets due to lack of resources, infrastructure, and knowledge.
Through this partnership, MSMEs will have access to Amazon’s global marketplace, which will enable them to reach out to millions of customers worldwide. This will not only increase their sales but also help them expand their business and create more jobs.
Furthermore, the partnership will also provide MSMEs with access to Amazon’s global logistics network, which will help them streamline their supply chain and reduce costs. This will make their products more competitive in the global market and increase their chances of success.
The partnership will also help in promoting the government’s “Districts as Export Hubs” initiative, which aims to promote exports from India’s districts by providing them with necessary resources and infrastructure. This will help in creating a more inclusive and sustainable growth model for the country.
Overall, the partnership between DGFT and Amazon is a significant step towards realizing India’s potential as a global export hub. It will help in promoting the country’s exports, creating more jobs, and boosting economic growth.
Training Program Details
Program Reach
The training program offered by DGFT and Amazon India aims to equip MSMEs with the knowledge and tools required to sell their products globally. The program targets MSMEs across India, regardless of their location or industry.
The training program is available in multiple languages to reach as many MSMEs as possible. With this initiative, MSMEs can leverage the power of e-commerce and expand their reach beyond the domestic market.
Program Structure
The training program is structured to provide MSMEs with a comprehensive understanding of the export process. The program covers topics such as identifying export opportunities, creating an export plan, navigating export regulations, and optimizing product listings for global customers. The program also includes practical training on using Amazon’s platform to sell products globally.
The training program is delivered through webinars conducted by experts from Amazon Global Selling. The webinars are interactive and provide MSMEs with an opportunity to ask questions and get answers in real-time. MSMEs can register for the program on Amazon’s website and attend the webinars at their convenience.
The program also includes one-on-one coaching sessions with Amazon’s experts. During these sessions, MSMEs can get personalized advice and guidance on how to optimize their product listings and increase sales.
Overall, the training program offered by DGFT and Amazon India is a valuable resource for MSMEs looking to expand their business globally. By providing MSMEs with the knowledge and tools required to export their products, the program helps to unlock new opportunities and drive growth for the sector.
Conclusion
In conclusion, the collaboration between DGFT and Amazon India is a significant step towards enabling and equipping MSMEs to sell their products globally. By providing a platform for MSMEs to showcase their products to a global audience, the collaboration will help to boost e-commerce exports and support the growth of the Indian economy.
The DGFT license plays a vital role in facilitating exports by providing exporters with the necessary certificates and licenses. The collaboration with Amazon India will help MSMEs obtain the DGFT license and leverage the benefits of e-commerce exports.
The collaboration will also help MSMEs to overcome some of the challenges they face in exporting their products. For instance, MSMEs often struggle with logistics and supply chain management, which can be a significant barrier to exporting their products. Through the collaboration, Amazon India will provide MSMEs with logistics and supply chain support, enabling them to reach a wider audience and expand their business.
Overall, the collaboration between DGFT and Amazon India is a positive development for MSMEs in India. It will help to promote their products globally, facilitate exports, and support the growth of the Indian economy.
Frequently Asked Questions
What documents are required for Amazon Global Selling?
To sell products on Amazon Global Selling, MSMEs need to provide certain documents such as a valid IEC (Import Export Code), GST registration, PAN card, bank account details, and product-related documents such as invoices, bills of landing, and packing lists. The exact documents required may vary depending on the category of products being sold and the country they are being exported to.
How can MSMEs benefit from Amazon Global Selling?
By partnering with Amazon Global Selling, MSMEs can reach a wider audience and sell their products to customers in different countries. This can help them increase their revenue and grow their business. Amazon also provides various tools and resources to help MSMEs manage their online store, fulfill orders, and provide customer support.
What is the role of DGFT in export-import?
The Directorate General of Foreign Trade (DGFT) is the licensing authority for exporters, importers, and export and import businesses in India. It is responsible for the formulation and implementation of Foreign Trade Policy. DGFT also issues various licenses and authorizations such as IEC, Advance Authorization, and Duty-Free Import Authorization to facilitate export-import activities.
How can MSMEs check their DGFT scrip status?
MSMEs can check the status of their DGFT scrip (export incentive) online by visiting the DGFT website and entering their IEC and scrip number. The website provides real-time information on the status of the scrip, including whether it has been issued, redeemed, or expired.
What is the process to search for IEC on DGFT website?
To search for an IEC on the DGFT website, MSMEs need to click on the ‘Online IEC Application’ link on the homepage. They will then be directed to a page where they can enter their PAN card number and other details to generate an application number. Once the application is approved, the MSME will receive their IEC number via email.
How can MSMEs track their DGFT refund status?
MSMEs can track the status of their DGFT refund online by visiting the DGFT website and entering their IEC and refund application number. The website provides real-time information on the status of the refund, including whether it has been approved, processed, or rejected.
