Trade Connect e-Platform

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