export promotion mission

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India's exports may again miss the target in 2014-15 and be in the range of $308-310 billion as against the target of $340 billion, a senior commerce ministry official has said.

The Indian government will utilize all policy tools and export promotion missions to support exporters facing disruptions in West Asia. Commerce Minister Piyush Goyal assured daily engagement with exporters through an inter-ministerial group to address concerns like higher freight rates and shipping delays. India remains committed to meeting international buyer commitments, reinforcing its reputation as a trusted global partner.

Commerce, MSME and finance ministries in India will collaborate to identify key sectors needing significant capital for technology upgrades, marketing, and accessing new markets to boost exports. An export promotion mission with a budget of Rs 2,250 crore has been announced to facilitate export credit and support MSMEs in overcoming non-tariff measures in foreign markets.

India's new export promotion mission, approved with ₹25,060 crore over six years, aims to boost exports by supporting MSMEs and offering non-financial aid. However, experts warn of implementation delays due to its conceptual stage, pending digital platforms, and insufficient annual funding. Effective execution hinges on interdepartmental coordination and more resources.

The Directorate General of Foreign Trade has launched the first component of its export promotion mission, a Rs 4,531-crore market access support scheme for exporters. This initiative aims to help Indian businesses diversify into new product categories and markets, with a special focus on MSMEs and priority sectors like agriculture and handicrafts.

Commerce Minister Piyush Goyal has pledged government support to Indian exporters facing high US tariffs, emphasizing a commitment to safeguarding their interests amidst global trade shifts. He urged exporters to enhance product quality, diversify supply chains, and explore new markets.

The Union Cabinet has approved a Rs 25,060 crore export promotion mission to consolidate existing schemes and support sectors facing tariff challenges. This six-year initiative, from FY 2025-26 to FY 2030-31, will offer integrated sub-schemes like Niryat Protsahan and Niryat Disha to boost MSME exports.

The Indian government's export promotion mission, aimed at protecting exporters from global trade shocks, is nearing Union Cabinet approval after inter-ministerial consultations. Announced in the Union Budget, the scheme proposes roughly Rs 25,000 crore in support measures for exporters over six financial years (2025-2031). This initiative could buffer Indian exporters against uncertainties like the recent US tariff hike.