Amid US Tariff Hit, Cabinet Clears 6-Year ₹25,000 Crore Export Mission
In a bold move to safeguard India’s trade interests and maintain its export momentum, the Union Cabinet has approved a ₹25,000 crore, six-year export mission, aimed at strengthening India’s global market competitiveness amid new US tariff challenges.
The mission seeks to diversify India’s export base, enhance value-added manufacturing, and empower small and medium enterprises (SMEs) to compete globally. With the US imposing higher tariffs on select Indian goods, this decision comes as a strategic push to protect India’s export-driven sectors and build long-term resilience.
Key Highlights of the Export Mission
Funding & Duration:
The ₹25,000 crore mission will be implemented over six years, targeting key export segments such as engineering goods, textiles, electronics, and agriculture.
Focus on MSMEs:
Nearly 40% of the fund will be directed toward supporting micro, small, and medium enterprises, helping them modernize, adopt global standards, and access new markets.
Technology & Innovation:
The mission aims to integrate AI-based export monitoring systems, digital trade platforms, and quality certification hubs to streamline logistics and compliance.
Boost to Employment:
Government estimates suggest that this initiative could generate over 10 lakh jobs in manufacturing, logistics, and export-oriented services.
Sustainability Goals:
A key component of the plan includes green export incentives, promoting eco-friendly production and packaging aligned with global environmental standards.
Impact on India’s Trade Strategy
The export mission aligns with the government’s broader vision of making India a $2 trillion export economy by 2030.
Experts note that the initiative complements the Production-Linked Incentive (PLI) schemes and Atmanirbhar Bharat goals, ensuring India remains competitive despite trade barriers.
US tariffs, particularly on steel, textiles, and chemicals, have raised short-term concerns. However, India’s response with this export plan signals strategic self-reliance and market diversification toward ASEAN, African, and European regions.
FAQs:
Q1. What is the main goal of the ₹25,000 crore export mission?
The mission aims to enhance India’s global trade presence, protect export sectors affected by US tariffs, and improve competitiveness through innovation and technology-driven reforms.
Q2. How will MSMEs benefit from this export plan?
MSMEs will receive financial support, digital tools, and market access to expand their exports and adapt to global trade standards.
Q3. Which sectors will gain the most?
Engineering, electronics, textiles, pharmaceuticals, and agri-based industries are among the biggest beneficiaries.
Q4. How does this mission relate to the US tariff issue?
The plan mitigates tariff shocks by diversifying India’s trade partners and boosting self-reliant production capabilities.
Q5. What role can financial institutions like Finance play?
Finance can help exporters with structured trade finance, working capital solutions, and risk management products to align with the mission’s objectives.
Source credit : Ravi Dutta Mishra
Published on : 13th November
Published by : RAHAMATH
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