MSMEs sector in India is second largest employment generator after agriculture, and acts as a breeding ground for entrepreneurs and innovators with considerable support in strengthening business ecosystem. The estimated number of MSMEs in India is 63 million and employs 110 million individuals. Indian MSMEs produce more than 6,000 products for local and global consumption. According to DGCIS data, the value of MSME related products in India is $147,390.08 million and contributed 48.56% of total export during 2017-18. MSMEs exposed to higher level of integration with global value and supply chains are playing critical role in global trade systems. Data from 2019 shows that sector contributed 29% to overall GDP.

                                       India is one of the most affected countries from coronavirus pandemic.Covid-19 pandemic have impacted MSMEs earnings by 20-50%.  In the first quarter of the fiscal year 2021 India’s Gross Domestic Product collapsed by 23.9 % amid the coronavirus lockdown.

                                      The announcement of country wide lockdown dragged MSME owners, employers and external stakeholders in unexpected times, where no one had experience to handle this kind of situation. Extended lockdown had negative impact on supply of finished goods, procurement of raw material and availability of employees to work in production and supply processes.

                                     The pandemic has led to an unprecedented shutdown of business, industries and services. From manufacturing to real estate, hospitality to mining, has been impacted as the economy records its sharpest drop in 41 years. The lockdown restriction halted the most economic activities and led to job loss of millions of people and revenue streams.

                                      The pandemic has wreaked havoc on the job landscape in India. According to the Centre for Monitoring Indian Economy (CMIE) about 21 million salaries employees lost their jobs during April-August. There were 86 million salaried jobs in India during 2019-20. In August 2020, the count was down to 65 million after 3.3 million jobs were gone in the particular month, mostly among the industrial workers and white collar workers, as per the CMIE.

                                         The ATMA-NIRBHAR BHARAT Mission was launched to face two burning issues simultaneously; one being boost to MSMEs and other being less dependent upon foreign nations.

                                         Looking this Scenario to support Our all sector of MSME,  we Established 3PORTS International Chamber of Commerce ..

OBJECTIVES OF 3PORTS INTERNATIONAL CHAMBER OF COMMERCE ARE

  • Promote MSME,
  • Solve The Problem Of Unemployment,
  • Financial Sector Development,
  • Local Economy Development,
  • Fiscal Deficit, Trade Balance,
  • Promote Women Entrepreneur.

                                       Enterprises of any size in India is facing issues related to procurement of raw material, credit need, market linkages, quality, standardization, pricing, business turn-around time, lobbying and many more. 3PORTS ICC Steps / Planning   are expected to act as a catalyst for the sector, not only to come out of pandemic related shocks but also to get ready for brighter future.