Trade Connect e-Platform

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About Trade Connect e-Platform:

It is a new digital initiative aimed at transforming the landscape of international trade for Indian exporters, especially MSMEs (Medium, Small and Medium Enterprises).
It will connect Indian Exporters, MSMEs and Entrepreneurs with various stakeholders including Indian Missions Abroad, Export Promotion Councils, and other Partner Government Agencies.
The platform will provide information on trade events taking place in different parts of the world, benefits available due to India’s Free Trade Agreements (FTAs) and other international trade-related information and data.
The platform, developed in collaboration with key partners including the Ministry of MSME, EXIM Bank, Department of Financial Services (DFS), and the Ministry of External Affairs (MEA).
Significance
- This initiative aligns with the government’s broader vision of promoting a Digital India, fostering greater transparency, and empowering businesses by providing them with seamless access to crucial trade information.
- It will reduce the costs, lead times, and complexities associated with global trade, ultimately ensuring that Indian businesses can thrive in the international marketplace.

Q1: What is Export-Import Bank of India (EXIM Bank)?

It is the premier export finance institution of the country. It was established by the Government of India, under the Export-Import Bank of India Act, 1981. It is wholly owned by the Government of India.

Source: Trade Connect e-Platform for exports is single window, fast, accessible and transformational: Shri Piyush Goyal