The portal is designed to empower SMEs, artisans, farmers and support Indian exporters to get global visibility.
Union Minister of State for Commerce & Industry Anupriya Patel launched the Indian Business Portal – a international trade hub for Indian exporters and foreign buyers.
The FIEO in partnership with Global Linker has designed and developed the “Indian Business Portal”, an International Trade Hub for Indian Exporters and Foreign Buyers.
This is a B2B digital marketplace to empower SME exporters, artisans and farmers to identify new markets for their products and grow their sales globally.
Lauding the initiative of FIEO, Patel said Indian Business Portal will be a big encouragement to Indian Startups, SMEs, Artisans & Farmers (GI Products), and Service providers to take their first step toward the exports.
In the function Anupriya Patel said, Indian Business Portal addresses a number of elements which are part of the vision of Prime Minister Narendra Modi and a commitment of this government like digitizing exporters, supporting MSME and encouraging greater exports of products Made in India.
The minister mentioned that during the pandemic online platforms such as e-commerce have shown immense potential in supporting millions of businesses to sustain themselves.
She further mentioned this initiative has come at very appropriate time as currently Indian exports are witnessing robust growth.
India’s overall exports (that is Services and Merchandise) touched USD 676.2 billion in financial year 2021-2022 as both Services and Merchandise hit record high exports in financial year 2021-2022.
India’s overall exports were USD 526.6 billion and USD 497.9 billion in 2019-20 and 2020-21 respectively.
The Minister further informed India’s Merchandise exports had crossed USD 400 Billion milestone in financial year 2021-2022 and stood at USD 421.8 billion which is a phenomenal increase of 44.6 percent and 34.6 percent over 2020-21 and 2019-20 respectively.
She expressed hope that more exporters will engage on the Indian Business Portal and would provide their valued feedback to FIEO.
Patel also mentioned that this is the most opportune time for the young entrepreneurs to get into business and exports.
Santosh Kumar Sarangi, Director General of Foreign Trade, Govt. of India said tech-enabled governance will play a key role in determining India’s growth and competitiveness. The government is focused on paperless, automated processing systems, simple procedures for trade players, online data exchange between departments, digital payments & acknowledgements.
