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India’s Small Business Ministry Holds Seminar on Digital Trade

The Ministry of Micro, Small and Medium Enterprises organized a national seminar titled “From Local to Global” at the Indian Institute of Technology Madras on August 18.

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Key Points

5 points
1

Goal: help micro, small and medium enterprises become export‑ready through digital commerce.

2

Emphasis on stronger coordination between central and state governments.

3

Collaboration between academia and industry to develop new products and technologies.

4

Support from agencies such as the Directorate General of Foreign Trade, Export‑Import Bank, and Export Credit Guarantee Corporation.

5

Provides students insight into entrepreneurship and global digital markets.

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Summary

The gathering brought together small business owners, students, policy makers, banks, and digital trade experts to discuss expanding market access.

Key speakers highlighted the role of innovation, quality, and digitisation in improving competitiveness in international markets.

Practical sessions covered export procedures, trade finance, risk mitigation, market identification, international payments, compliance, and digital onboarding.

The seminar is part of the Procurement and Marketing Support Scheme aimed at building capacity and awareness among small enterprises.

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New Words to Learn

9 words
Micro, Small and Medium Enterprises
Businesses that are not very large, often family‑run, making products or services.
Digital commerce
Buying and selling things using computers and the internet.
Export‑ready
Prepared to send products to customers in other countries.
Procurement and Marketing Support Scheme
A government program that helps small businesses buy supplies and sell their products better.
Capacity‑building
Teaching people new skills so they can do more things well.
Risk mitigation
Ways to reduce chances of losing money or facing problems.
Digital onboarding
Signing up for online services using computers and phones.
Competitiveness
Being able to do as well as or better than other companies.
Innovation
Creating new ideas, products, or ways of doing things.
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