India’s Micro, Small, and Medium Enterprises (MSMEs) are making waves on the global export front. With strong growth in export volumes, a rising number of exporters, and government support, the MSME sector is significantly contributing to India’s export economy.
At Glottis Limited, we take pride in enabling MSMEs to expand their global footprint by offering comprehensive export logistics solutions tailored to their needs.
Key Numbers in MSME Exports (FY24)
| Metric | Details |
|---|---|
| Exports (April–Nov 2024) | ₹12.39 lakh crore (surpassed FY23’s total of ₹8.55 lakh crore) |
| Projected FY24 Exports | ₹14.05 lakh crore |
| Number of Exporting MSMEs | 1.73 lakh (up from 1.53 lakh in FY24 and 1.21 lakh in FY23) |
| India’s Cumulative Exports | $468.27 billion (₹39.71 lakh crore) during April–October 2024 (7.28% YoY growth) |
| MSME Export Share | 45.73% of total Indian exports |
| Government Export Budget | ₹26.3 crore in FY24 (up from ₹17.2 crore in FY23 and ₹3.6 crore in FY22) |
| Export Facilitation Centers | 65 centers across India |
Driving Factors Behind MSME Export Growth
- Record-Breaking Export Figures: FY24 is poised to be a landmark year with MSME exports projected at ₹14.05 lakh crore. This growth underscores the resilience and adaptability of Indian MSMEs in the global market.
- Increased Exporters: The number of exporting MSMEs has grown by 14% compared to FY23, indicating broader participation in international trade.
- Government Support: Increased budget allocation for export promotion and establishment of export facilitation centers have eased the path for MSMEs to enter and thrive in foreign markets.
- Cumulative Export Surge: India’s overall exports have seen steady growth, with MSMEs accounting for nearly half of all exports, showcasing their critical role in the country’s trade ecosystem.
Glottis Limited: Empowering MSMEs in Global Trade
As an experienced player in the logistics and freight forwarding industry, Glottis Limited is dedicated to providing world-class export services tailored for MSMEs, ensuring they meet global standards and deliver efficiently.
Our Export Services Include:
- Customs Clearance: Simplifying the complex regulatory procedures to ensure seamless export documentation and approvals.
- End-to-End Freight Solutions: Offering sea and air freight services with competitive rates, reliable transit times, and robust tracking mechanisms.
- Warehousing and Packaging: State-of-the-art storage facilities and expert packaging services to safeguard export goods.
- Market Entry Support: Assisting MSMEs in identifying global markets and tailoring their logistics strategies for specific countries.
- Project Expertise: Specialized handling of bulk and special equipment, ensuring timely and cost-effective delivery.
Looking Forward
With MSMEs driving nearly half of India’s exports, the sector’s growth potential is immense. At Glottis Limited, we are committed to being a strategic partner for MSMEs, offering logistics solutions that enable them to scale new heights in the global market.
For all your export logistics needs, trust Glottis Limited to deliver excellence. Let us help you navigate the complexities of international trade and unlock new opportunities.
Glottis Limited 
Leave a comment