‘Govt may Bear Cost of Registering MSME Goods Abroad’

India plans to come out with a dedicated scheme to assist micro, medium and small enterprises in registering their products overseas, commerce and industry minister Piyush Goyal said.

“I am thinking of coming out with a scheme that any MSME that needs to spend any amount of money to register their products anywhere in the world, particularly for new products, new markets, and new exporters, the government will fund the whole cost,” Goyal told a visiting Indian industry delegation.

Goyal asked the Indian industry to focus on exporting value added goods and run campaigns for brand building and marketing.

He said the government had inked several free Trade Agreements and is negotiating trade deals with the European Union, New Zealand and Oman.

“I am sure in a short span of a year and a half, we will get an FTA with all the major European countries with whom we wish to do business.” Goyal said, adding Brazil is keen to initiate talks on a trade deal. “We already have negotiations with Chile and Peru, “he added.

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