Initiative for boosting exports from MSME sectors
Government of India during 2012-13, had constituted an Inter Ministerial Group (IMG) for addressing comprehensively the challenges of export oriented MSME Sectors including falling exports. As a follow up to the recommendations, Technology Information, Forecasting and Assessment Council (TIFAC), an autonomous body of Department of Science and Technology, was entrusted with the task of coordinating, nucleating and facilitating follow up actions towards infusion of appropriate new technologies for boosting of exports. In subsequent consultations with office of the Secretary Ministry of Commerce, Department of Expenditure, Ministry of Finance and Ministry of MSME, it was decided to initially prioritize two or three sectors for intervention and begin with initial assessment of the sectors. The basis of selection of sectors is: potential for higher technology inputs, higher value realization, future potential and sector performance. Guar Gum, Electronics Systems Design and Manufacturing (ESDM), Technical Textiles and Essential Oils were the four sectors taken up initially.
Glimpse of Guar Gum Initiative:
Click here for Report on Guar ‘GUAR : Status, Potential, Prospects, Challenges and R&D Road Map – Towards Boosting Exports’