Companies Approach Government to Establish e-commerce Export Centers
According to reports, up to five more companies, including DHL, have applied to the government to establish e-commerce export centers nationwide, and a decision is anticipated shortly.
The government has already chosen the logistics aggregator Shiprocket and the air cargo handling company Cargo Service Centre (CSC) to establish these hubs in the nation on a pilot basis.
Five further applications, including ones from DHL and Lexship, have been received. We have shortlisted three of the five. We will soon decide on these applications. In February of the following year, two of the hubs would open at and surrounding Delhi Airport.
It will include internal facilities for quick security and customs clearance. The hub will also have space for certification and quality assurance organizations.
This policy will allow e-commerce consignments and rejects to be returned without incurring import duties.
According to reports, the government will release comprehensive rules for establishing more hubs of this type throughout the nation, depending on the input these companies provide on the operation of these pilots.
Different departments will need to make adjustments to their policies or regulations to comply with these principles.
Given that India wants to take advantage of the expanding export prospects in this market, the action takes significance.
Global e-commerce exports are predicted to increase from the current $800 billion to $2 trillion by 2030. China sells $250 billion a year through this channel, while India barely exports $5 billion
Global e-commerce exports are predicted to increase from the current $800 billion to $2 trillion by 2030. China sells $250 billion a year through this channel, while India barely exports $5 billion.
China is a leader in e-commerce exports and a pioneer in e-commerce export hubs. In 2023, 6.4 percent of China's total merchandise exports will come through this method.