The Ministry of Commerce and Industry unveils an online platform called Trade Connect, which aims to engage more small and medium-sized businesses in trade and export activities.

Trade Connect is a comprehensive center that facilitates connections between traders and exporters with key entities like the Department of Commerce, Export Promotion Councils, Indian Missions abroad, and Exim Bank. It offers small businesses access to government assistance and international market opportunities to broaden their presence.

The Ministry has made it clear that the platform’s launch is part of a strategy to support medium- and small-scale industries across the country. At present, micro, medium, and small-scale enterprises (MSMEs) represent 45 percent of the nation’s total export volume.

With the introduction of Trade Connect, the Ministry intends to boost the involvement of MSMEs in export activities. 

Moreover, this platform intends to connect more than 6 lakh individuals with import-export codes and over 180 representatives from Indian missions. Additionally, it will connect over 600 officials from the Export Promotion Council.  The platform will provide details on free trade agreements, customs tariffs, and regulations for specific countries, products, and additional information.