Centre Plans Multi-Ministry Push to Boost Exports Amid Tariff Challenges

Quick Summary

• The Indian government is revising its Export Promotion Mission to focus on specific sectors affected by increased U.S. tariffs.
• Targeted support includes reduced credit costs for MSMEs, expedited clearances, and potential export incentives.
• Sectors impacted by U.S. tariffs include apparel/textiles, shrimp exporters, organic chemicals, and machinery/mechanical appliances (per Global Trade Research Initiative analysis).
• The Union Budget 2025-26 allocated ₹2,250 crore for the Export Promotion Mission aimed at easy export credit access and MSME support against non-tariff measures in overseas markets.
• Additional coordination with the Ministries of Commerce & Industry, Finance, MSMEs, Textiles, and Fisheries is underway to fine-tune relief measures for exporters.
• A separate credit guarantee scheme covering ₹100 crore loans for MSME exporters is being revamped to emphasize exports.

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