Context:
The Government of India is set to launch a ₹2,250 crore Export Promotion Mission aimed at safeguarding Indian industries from global trade shocks, including recent US tariff hikes on Indian goods.
Background:
- Announced in the Union Budget 2025 on 1st February 2025
- Presented by the Directorate General of Foreign Trade (DGFT) to export councils
- Developed in response to high tariffs affecting sectors such as textiles, chemicals, leather, and footwear
- Nodal Ministry: Ministry of Commerce and Industry
Objectives:
- Protect Indian exports from global market volatility and protectionist measures
- Expand India’s presence in new international markets and strengthen supply chains
- Enhance the competitiveness of MSMEs and e-commerce exporters
Key Features:
- Two Broad Components:
- NIRYAT PROTSAHAN – Trade finance support for exporters
- NIRYAT DISHA – Driving international holistic market access
- Financial Support: Easy credit schemes for MSMEs and e-commerce exporters
- Market Expansion: Assistance for exploring untapped markets and product diversification
- Overseas Warehousing: Facilitation of storage facilities abroad for supply efficiency
- Global Branding: International campaigns to promote Indian goods
- Ease of Doing Business: Simplification of trade procedures and GST rationalisation
