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New ₹2,250 Crore Export Promotion Plan Targets Market Expansion, MSME Growth
The Indian government plans to undertake an export promotion mission worth ₹2,250 crore to protect domestic industries from global trade challenges, especially those caused by US tariffs. The project aims to increase India’s export footprint by increasing domestic consumption, entering new international markets, and strengthening supply chains. It will also help micro, small, and medium-sized businesses by making finance more accessible and creating an international warehousing infrastructure.
The Directorate General of Foreign Trade has previously informed export promotion councils and other industry players of the mission’s objectives. The plan has two primary components: providing trade finance support through the NIRYAT PROTSAHAN scheme and promoting international holistic market access through the NIRYAT DISHA initiative. These steps are aimed at boosting global competitiveness and providing new opportunities for Indian exporters.
The GST Council is anticipated to convene soon to discuss rate simplification, rationalisation, and the future of the compensation cess, all of which might boost domestic demand in the face of external uncertainties.
According to the Commerce Ministry, India’s exports in June totalled $35.14 billion. Textiles, chemicals, leather, and footwear remain exposed to tariff-induced disruptions in global markets.
