Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, contributing significantly to employment and exports. To bolster their global presence, the Chemical and Allied Export Promotion Council (CAPEXIL), under the Ministry of Commerce & Industry, offers various financial assistance schemes tailored for MSME exporters. This article delves into CAPEXIL’s role in supporting these enterprises and highlights how Altus Exports can further assist Indian manufacturers in expanding their international footprint.

CAPEXIL’s Financial Assistance Schemes for MSME Exporters

CAPEXIL provides a range of schemes designed to enhance the competitiveness of MSME exporters:

1. Market Development Assistance (MDA) Scheme: This scheme aims to stimulate and diversify India’s export trade. It offers financial support to MSMEs for activities such as participation in international trade fairs, exhibitions, and buyer-seller meets. By subsidizing the costs associated with these events, the MDA scheme enables small exporters to showcase their products on global platforms, thereby increasing their market reach.
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2. Market Access Initiative (MAI) Scheme: The MAI scheme is an export promotion initiative that acts as a catalyst to promote India’s exports on a sustained basis. It provides financial assistance for marketing projects abroad, capacity building, support for statutory compliances, and market studies. This scheme is instrumental in helping MSMEs access new markets and increase their share in existing ones.
3. Trade Infrastructure for Export Scheme (TIES): TIES provides financial assistance to state and central government agencies for setting up or upgrading export infrastructure. While primarily aimed at government agencies, MSME exporters benefit indirectly through improved export facilities and logistics.
4. Interest Equalization Scheme: This scheme offers a 5% interest subsidy to all manufacturers in the MSME sector and a 3% subsidy to all exporters in identified tariff lines. The objective is to make credit more affordable, thereby enhancing the competitiveness of Indian exports.

Facts and Figures

• Membership: CAPEXIL boasts over 4,000 members across India, encompassing a wide array of products such as chemicals, granite, marble, and natural stones.
• Financial Support: Through schemes like MDA and MAI, CAPEXIL disburses financial assistance to MSME exporters, enabling them to participate in international marketing events and comply with global standards.
• Export Growth: India’s export sector has witnessed robust growth, with significant contributions from MSMEs in sectors like agriculture, engineering, electronics, and pharmaceuticals.

Altus Exports: Partnering with Indian Manufacturers for Global Success

While CAPEXIL provides the foundational support through its schemes, partnering with experienced export facilitators like Altus Exports can further amplify an MSME’s global reach.

About Altus Exports

Altus Exports is a premier merchant exporter dedicated to delivering the best of India’s textiles, handicrafts, chemicals, and food products to the world. With a commitment to quality, sustainability, and customer satisfaction, Altus Exports serves as an ideal partner for Indian manufacturers aiming to penetrate international markets.

How Altus Exports Can Assist

1. Quality Assurance: Altus Exports prioritizes quality at every step, from sourcing to packaging. Their rigorous quality control processes ensure that products meet the highest international standards, enhancing the credibility of Indian manufacturers abroad.
2. Extensive Network: With a robust network of trusted suppliers, manufacturers, and artisans across India, Altus Exports offers a diverse range of products and swift response times to meet global demands.
3. Market Expertise: Altus Exports’ extensive international trade experience ensures seamless transactions and regulatory compliance, making the export process hassle-free for Indian manufacturers.
4. Sustainable Practices: Committed to eco-friendly and ethical business practices, Altus Exports supports fair trade and ethical labor standards, aligning with global sustainability trends.

Partnering with Altus Exports

Indian manufacturers can collaborate with Altus Exports to leverage their expertise in global trade. By partnering, manufacturers can focus on production while Altus Exports handles the complexities of international marketing, logistics, and compliance. This synergy ensures that high-quality Indian products reach global consumers efficiently.

For more information on partnership opportunities, visit Altus Exports’ Manufacturer Partnership page.

Conclusion

CAPEXIL’s financial assistance schemes play a pivotal role in empowering MSME exporters to explore and establish their presence in international markets. By availing these schemes and partnering with experienced export facilitators like Altus Exports, Indian manufacturers can navigate the complexities of global trade, ensuring their products reach a wider audience and contribute to India’s export growth.