The Mobile and Electronic Devices Export Promotion Council (MEDEPC) plays a pivotal role in bolstering India’s position in the global electronics market. Established in 2021 under the aegis of the Ministry of Electronics and Information Technology and the Ministry of Commerce & Industry, MEDEPC is dedicated to transforming India into a global export hub for mobile and electronic devices. To achieve this ambitious vision, MEDEPC offers a range of financial assistance schemes and incentives designed to support exporters in the electronics sector.

Financial Support Mechanisms Facilitated by MEDEPC

MEDEPC provides various financial support mechanisms to assist exporters in navigating the complexities of international trade. These initiatives are tailored to enhance the competitiveness of Indian electronic products in the global marketplace.

1. Market Access Initiative (MAI) Scheme

The MAI Scheme aims to promote Indian exports by providing financial assistance to eligible agencies for activities that develop and strengthen export markets. This includes support for micro, small, and medium enterprises (MSMEs) to enter export markets, nurture innovation, conduct market research, and build appropriate skill sets. The scheme also focuses on promoting exports from districts identified as export hubs and supports traditional products like AYUSH, Yoga, Geographical Indications (GI) products, and tribal products. Financial assistance is provided for activities such as capacity building, marketing, branding, publicity campaigns, and participation in international trade fairs and exhibitions. The scheme is set to continue until March 31, 2026.(Ministry of Commerce and Industry)

2. Marketing Development Assistance (MDA) Scheme

The MDA Scheme offers financial support to exporters with an annual export turnover of up to ₹15 crore. This assistance is aimed at facilitating participation in trade delegations, buyer-seller meets, and international trade fairs and exhibitions organized by Export Promotion Councils (EPCs) and other trade bodies. The scheme also supports reverse trade visits, enabling foreign delegates and buyers to participate in events held in India, thereby fostering international collaborations and opening new market avenues for Indian exporters.

3. Merchandise Exports from India Scheme (MEIS)

Introduced as part of the Foreign Trade Policy, the MEIS incentivizes exporters by providing duty credit scrips ranging from 2% to 5% of the Free On Board (FOB) value of exports. These scrips can be utilized to offset various duties, including basic customs duty, thereby enhancing the profitability of exporters. The scheme covers a wide array of sectors, including electronics, and is designed to make Indian products more competitive in the international market.(Wikipedia, the free encyclopedia)

4. Status Holder Scheme

This scheme recognizes exporters who have achieved a certain level of export performance by granting them status as ‘One-Star Export House’ up to ‘Five-Star Export House.’ Such status holders are eligible for various non-fiscal privileges, including simplified customs procedures, priority treatment in handling of consignments, and exemption from furnishing bank guarantees, which facilitate smoother and faster export operations.

5. Common Digital Platform for Certificate of Origin

To streamline export documentation and enhance the ease of doing business, a common digital platform for the issuance of the Certificate of Origin has been launched. This initiative facilitates exporters in obtaining certificates electronically, reducing time and compliance costs, and ensuring seamless trade under Free Trade Agreements (FTAs).

Facts and Figures

• Establishment of MEDEPC: 2021
• Target Sectors: Mobile Devices, IT Hardware, Consumer Electronics, Wearables, Hearables, Smart Watches, PCBA, and other Electronic Devices
• MAI Scheme Duration: Extended until March 31, 2026
• MDA Scheme Eligibility: Exporters with annual export turnover up to ₹15 crore
• MEIS Incentive Range: 2% to 5% of FOB value of exports

How Altus Exports Can Assist Indian Manufacturers

Navigating the global export landscape requires expertise, resources, and strategic partnerships. Altus Exports stands as a reliable partner for Indian manufacturers aiming to expand their reach in international markets.

Expertise in Global Market Access

Altus Exports specializes in identifying potential buyers across various international markets. Leveraging a deep understanding of market trends and buyer behavior, the team at Altus Exports matches products with the right buyers, ensuring successful market entry and sustained growth.

Comprehensive Market Intelligence

With access to extensive databases and up-to-date market intelligence, Altus Exports provides manufacturers with insights into market dynamics, competitor analysis, and emerging opportunities. This information is crucial for making informed decisions and strategizing market entry.

Skilled Marketing and Networking

The marketing team at Altus Exports employs a blend of traditional and digital marketing techniques to promote products internationally. Coupled with a vast network of distributors, agents, and retailers, Altus Exports facilitates smoother market entry and quicker establishment of products in new territories.

Partnership Opportunities

Altus Exports seeks to form strategic alliances with manufacturers who are committed to excellence and global expansion. Ideal partners are those producing export-quality products, aspiring for a global footprint, and possessing the necessary documentation and certifications for seamless export operations. By partnering with Altus Exports, manufacturers can leverage these resources and expertise to navigate the complexities of international trade successfully.

To explore partnership opportunities and learn more about how Altus Exports can assist in exporting products, visit their Manufacturer Partnership page.

In conclusion, MEDEPC’s financial assistance schemes, combined with strategic partnerships with entities like Altus Exports, provide a robust framework for Indian manufacturers to thrive in the global electronics market.

Future Outlook: MEDEPC’s Vision 2030 for India’s Electronics Exports

Quality Standards and Certifications: MEDEPC’s Guidance for Exporters

Success Stories: Indian Exporters Thriving with MEDEPC’s Support

Financial Assistance: Schemes and Incentives Facilitated by MEDEPC

Trade Missions and Exhibitions: MEDEPC’s Efforts in Promoting Indian Products Abroad

Capacity Building: Training Programs and Workshops by MEDEPC

Market Intelligence: How MEDEPC Provides Insights into Global Markets

Policy Advocacy: MEDEPC’s Role in Shaping Export-Friendly Policies

Navigating Export Documentation: How MEDEPC Simplifies the Process

Empowering Exporters: An Overview of MEDEPC’s Mission and Vision