E-commerce export potential $200-300 bn by 2030: Industry body

Seeking a strategy for e-commerce exports focus on MSMEs to help them sell their products to global markets, the industry body FISME in a study paper has said that e-commerce export potential is in the range of $200 to $300 billion by 2030.

The industry stakeholders in an interactive session after the release of the study paper called for sensitisation of customs department to the high value of returns, about 30 per cent of the total shipments, on products sold through e-commerce platforms.

“The Foreign Trade Policy (FTP) 2023 released end-March 2023 has laid special emphasis on giving a fillip to e-commerce exports and MSME exports.