India plans to build 50 e-commerce export hubs

News Snapshot:

New Delhi: The commerce and industry ministry is working on a plan to set up about 50 e-commerce export hubs over the next five years as public-private partnerships (PPP), two people aware of the development said, amid low presence in e-commerce exports. Ten of these hubs are planned to be built in the current financial year to accelerate merchandise exports through online platforms, they said, requesting anonymity. A regulatory framework for e-commerce exports is expected to be ready by next month, they added. India's current e-commerce exports are significantly low at a mere $5 billion, as compared with China’s $300...