E-com export hubs to help small vendors

BENGALURU: The government will set up E-commerce Export Hubs in public-private-partnership model in order to enable MSMEs to sell their products in international markets. Finance Minister Nirmala Sitharaman in her budget speech said that TDS rate on e-commerce operators is proposed to be reduced from 1% to 0.1%. This comes into effect from October 1.

Reducing the TDS rate will significantly free up working capital for sellers, said Kalyan Krishnamurthy, CEO, Flipkart Group.