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Exporters tell Piyush Goyal compliance and testing costs are squeezing MSMEs

Economy
Published on 28 April 2026
Exporters tell Piyush Goyal compliance and testing costs are squeezing MSMEs

Testing and paperwork burdens are rising fast for MSMEs

Exporters met Commerce Minister Piyush Goyal to flag rising compliance costs, testing requirements and persistent MSME hurdles in getting goods out of India. Goyal backed industry concerns, urging firms to better use existing trade pacts to expand market access. The ministry’s push targets $2 trillion in exports by 2030, building on a record $860.09 billion in 2025-26.

  • Exporters raised concerns over compliance costs and mandatory testing
  • MSMEs say export processes remain difficult despite support measures
  • Goyal emphasized using trade pacts to grow exports faster
  • Target is $2 trillion by 2030 after $860.09 billion in 2025-26
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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