NEW DELHI: The government is set to soon unveil support measures under a proposed Rs 2,250 crore export promotion mission aimed at shielding industries from global trade uncertainties caused by Trump-era tariffs, an official said.
“We are engaging with exporters to identify the best ways to assist them, including improving ease of doing business. Efforts are underway to boost domestic consumption, explore new supply chains, expand into new markets, and develop new products,” the official added.
The mission is expected to include initiatives such as easy credit schemes for MSMEs and e-commerce exporters, facilitation of overseas warehousing, and global branding efforts to capitalize on emerging export opportunities.
Announced on February 1, the mission has an allocation of Rs 2,250 crore. The Directorate General of Foreign Trade (DGFT) presented the mission details to export promotion councils and other stakeholders on April 30.
Industry sources say the mission is divided into two main components: Trade Finance Support (NIRYAT PROTSAHAN) and International Holistic Market Access (NIRYAT DISHA).
Earlier reports indicate that the GST Council is likely to convene soon to discuss rate simplification, rationalisation, and the future of the compensation cess, measures expected to boost domestic consumption.
Recently, the Commerce Ministry held several stakeholder meetings to address challenges stemming from the steep US tariffs on Indian goods. US President Donald Trump has imposed tariffs as high as 50 percent on certain Indian products.
Sectors such as textiles, chemicals, leather, and footwear are anticipated to be most affected by these tariffs.
India’s exports stood flat at USD 35.14 billion in June amid global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion.
Key export sectors—including petroleum, fabrics, gems and jewellery, leather, iron ore, oil seeds, cashew, spices, tobacco, and coffee—experienced negative growth in June.
During April-June 2025-26, exports rose marginally by 1.92 percent to USD 112.17 billion, while imports grew 4.24 percent to USD 179.44 billion.
