Call for MSME’s to explore export market to increase country’s GDP

Joint director urges MSME entrepreneurs to explore export market, increase GDP, and benefit from training programs for success.

Joint director of Visvesvaraya Trade Promotion Centre (VTPC), Bengaluru, C.S. Babu Nagesh called upon the entrepreneurs running Micro, Small and Medium Enterprises (MSME) to explore the export market and help increase the country’s GDP.

Speaking after inaugurating a six-day-long export training programme in Mysuru on Monday, Mr. Nagesh regretted that only 30 per cent of the trainees undergoing training at their programmes have actually ventured into exports. The remaining 70 per cent have not put the knowledge they had earned during the training programmes to use.

“If such entrepreneurs come forward and start exporting products to foreign countries, it will surely increase their income,” he said while seeking to assure them that they will not suffer any loss if they do their homework properly.

“If you do your homework properly, you will surely benefit in exports,” he said. Several entrepreneurs running a successful MSME locally will surely succeed if they explore the export market.

In many cases, there will be a glut of a particular product in the local market. Entrepreneurs should explore the scope for marketing the product in foreign countries, where there is a demand, he said.

“Even if an entrepreneur is not manufacturing items, they can purchase the merchandise from local producers and export them. When you export products to a foreign country, the income will be in foreign currency,” he said.

He called upon the participants to make good use of the opportunity the training programme has given them. The participants had not only paid money to participate in the programme, but were also investing six days of their valuable time, he said reminding that time was very precious.