Govt announces measures to boost exports

New Delhi: The government on Friday launched seven measures under the export promotion mission (EPM), a Rs 25,060-crore initiative aimed at boosting exports by easing finance, compliance and logistics hurdles faced by MSMEs.

Of the 11 proposed interventions under the scheme, 10 are now operational. Three measures were already implemented in Jan this year, namely, market access support, interest subvention for pre- and post-shipment credit, and collateral support for export credit.




"Our effort is that new products go from India, new services go across continents, new markets are captured and new exporters are promoted," commerce and industry minister Piyush Goyal said at the launch of the measures, calling on industry to "embrace cross-border business".

He said the mission is designed to encourage young entrepreneurs to take Indian products and services to global markets and to make life easier for MSMEs through easier credit, compliance support and risk-sharing mechanisms. The Export Promotion Mission is focused on two pillars: financial enablers and strengthening the trade ecosystem.