ENA MSME 2022-12-09 08:37:58 <p><span style="font-size:14px"><strong>New Delhi, Dec 9 (KNN)</strong> In the backdrop of Indias contracting exports, the central government is preparing to set up a National Cooperative Export Society to help enhance exports.</span></p> <p><span style="font-size:14px">A proposal has been circulated by the Ministry of Cooperation among central ministries and departments for consultation, reported Mint.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">It is pitched to be created under the Multi State Cooperative Societies Act 2002 which will work towards promotion of exports.</span></p> <p><span style="font-size:14px">In October 2022, Indias exports contracted 16.65% to USD 29.78 billion from a year ago.</span></p> <p><span style="font-size:14px">The newly formed ministry of cooperation has pointed out that there is no comprehensive database on cooperatives available with it but the process of creating a national database on cooperatives has started.</span></p> <p><span style="font-size:14px">In June Union minister for cooperation Amit Shah informed the Lok Sabha that the government is working on a national policy for cooperatives, based on consultations on reforming the sector. <em><strong>(KNN Bureau)</strong></em></span></p> 31501 https://knnindia.co.in/news/newsdetails/msme/govt-to-form-cooperative-export-society-as-exports-shrink 2022-12-09 08:37:58 knnindia.co.in