Commerce Ministry gearing up to boost exports through e-commerce

Demands were also raised for the central bank to allow realisation of exports proceeds up to a period of 24 months from the date of export

The commerce and industry ministry is gearing up to boost exports through e-commerce at a time when the government is expected to reframe the proposed e-commerce policy, yet again.

Discussions on e-commerce exports kicked off on Wednesday during an informal meet among academia, exporters and officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Department of Post, sources said.

According to estimates by citizen engagement social networking platform Localcircles, about 75,000 exporters from India sent out $1.2 billion worth of goods via the e-commerce channel during FY19.

“We are looking at a $450 billion opportunity,