“The development of logistics hubs, investments in infrastructure, and policy reforms to improve supply chain efficiency are measures in this direction. Such efforts aim to lower costs for Indian businesses, make exports more competitive, and enable the quicker, smoother movement of goods both domestically and internationally. This approach aligns with the government’s commitment to the National Logistics Policy,” the Survey stated.
It further highlighted that the paperless e-BRC system has reduced costs by over Rs 125 crore annually for 2.5 million e-BRCs, streamlined processes, and helped exporters benefit from Foreign Trade Policy (FTP) schemes.
The Electronic Bank Realisation Certificate (e-BRC) system is a paperless platform that allows banks to send payment information electronically to the Directorate General of Foreign Trade (DGFT). The Indian government introduced this system to streamline the process of obtaining a Bank Realisation Certificate (BRC).
The government also noted that the faceless mechanism has significantly reduced both administrative and environmental costs. Small exporters, particularly in e-commerce, have benefitted from the system’s efficiency in handling high-volume, low-cost transactions, enabling them to claim benefits and refunds more effectively.“A new DGFT ‘Trade Connect e-Platform’ has been launched as a single-window initiative to help exporters access new markets. The e-platform aims to transform India’s international trade landscape, especially for MSMEs. Developed in collaboration with key partners—including the Ministry of MSME, EXIM Bank, Department of Financial Services, and the Ministry of External Affairs—the platform seeks to address information asymmetry by providing exporters with comprehensive support and resources.It serves as a one-stop solution, offering near real-time access to critical trade-related information while seamlessly connecting exporters with key government entities, including Indian Missions abroad, the Department of Commerce (DoC), Export Promotion Councils, and trade experts.
