India’s services sector has been a cornerstone of its economic growth, contributing significantly to GDP and employment. In the fiscal year 2021-22, services exports reached a remarkable US$254.53 billion, marking a 23.5% increase from the previous year.

This upward trajectory underscores the global competitiveness of Indian service providers. Central to this success is the Services Export Promotion Council (SEPC), an apex body dedicated to facilitating and promoting the export of Indian services.

SEPC’s Role in Capacity Building and Skill Enhancement

Established to bridge the gap between Indian service exporters and the global market, SEPC plays a pivotal role in enhancing the capabilities of service providers. Recognizing that a skilled workforce is the backbone of a thriving export sector, SEPC has implemented a series of initiatives focused on capacity building and skill enhancement.

Training Programs and Workshops

SEPC organizes a myriad of training programs and workshops tailored to the diverse needs of the services sector. These programs are designed to equip service exporters with the latest industry knowledge, compliance requirements, and market trends. Key areas of focus include:

• Regulatory Compliance: Ensuring that exporters are well-versed with international standards and regulations.

• Market Access Information: Providing insights into emerging markets and potential opportunities.

• Digital Competency: Training on the adoption of digital tools and platforms to enhance service delivery.

In 2023, SEPC conducted over 50 workshops across major Indian cities, benefiting more than 2,000 service exporters. These sessions have been instrumental in addressing sector-specific challenges and fostering a culture of continuous learning.

Collaborative Efforts with Government and Industry Bodies

SEPC’s collaboration with various government ministries and industry associations amplifies its impact. By aligning its initiatives with national policies and industry needs, SEPC ensures a cohesive approach to skill development. Notable collaborations include:

• Ministry of Commerce and Industry: Jointly hosting seminars on export incentives and policy updates.

• National Skill Development Corporation (NSDC): Developing specialized training modules for sectors like IT, healthcare, and education.

• Industry Associations: Partnering with bodies such as NASSCOM and CII to address sector-specific skill gaps.

These partnerships have led to the creation of standardized training curricula and certification programs, enhancing the credibility and employability of Indian service professionals.

Impact on Service Exports

The concerted efforts in capacity building have yielded tangible results. From April to September 2022, India’s services exports stood at US$150.43 billion, a 27.88% rise compared to the same period the previous year.(Indian Trade Portal)

This surge can be attributed to the enhanced competencies of service providers, enabling them to tap into new markets and offer competitive services globally.

Furthermore, the trade surplus in services for 2023-24 was recorded at US$162.78 billion, surpassing the previous year’s surplus of US$143.28 billion.(Ministry of Commerce and Industry)

This positive balance highlights the robustness of India’s services sector and the effectiveness of SEPC’s initiatives.

Altus Exports: Facilitating Global Expansion for Indian Manufacturers

While SEPC focuses on service exports, the global market for Indian manufactured goods is equally promising. Altus Exports stands at the forefront, assisting Indian manufacturers in navigating the complexities of international trade.

How Altus Exports Supports Manufacturers

Altus Exports offers a comprehensive partnership model designed to simplify the export process:

• Buyer Identification: Leveraging an extensive network and market intelligence to connect manufacturers with potential international buyers.

• Market Research: Providing insights into market trends, demand forecasts, and competitive analysis to inform strategic decisions.

• Logistical Support: Assisting with supply chain management, ensuring timely and efficient delivery of products.

• Regulatory Guidance: Navigating the regulatory landscapes of different countries to ensure compliance and smooth market entry.

Partnering with Altus Exports

Manufacturers aiming to expand their global footprint can benefit from Altus Exports’ expertise. The partnership process involves:

1. Assessment: Evaluating the export readiness of the manufacturer’s products.

2. Strategy Development: Crafting a tailored export strategy aligned with the manufacturer’s goals.

3. Execution: Implementing the strategy with continuous support and monitoring.

By collaborating with Altus Exports, manufacturers can focus on their core competencies while entrusting the complexities of international trade to seasoned professionals.

For more information on how to partner with Altus Exports, visit their Manufacturer Partnership page.

Conclusion

The synergy between capacity building initiatives by SEPC and the facilitation services offered by Altus Exports creates a robust ecosystem for Indian businesses. As service providers and manufacturers enhance their skills and expand globally, India’s position in the international market is poised for unprecedented growth.

Success Stories: Indian Service Exporters Thriving with SEPC’s Guidance

Sector-Specific Support: Tailored Assistance Programs by SEPC for Diverse Service Industries

Digital Empowerment: SEPC’s Efforts in Enhancing Online Presence for Service Exporters

Showcasing Excellence: SEPC’s Role in Promoting Indian Services at Global Trade Events

Financial Support Mechanisms: SEPC’s Assistance Programs for Service Exporters

Market Intelligence: How SEPC Provides Critical Insights to Indian Service Exporters

Policy Advocacy: SEPC’s Influence in Shaping Export-Friendly Regulations for the Services Sector

Empowering Growth: Capacity Building and Skill Enhancement Initiatives by SEPC

Unlocking Opportunities: SEPC’s Role in Connecting Indian Service Exporters with Global Clients

Navigating Global Markets: How SEPC Facilitates International Expansion for Indian Service Providers