The authorities is anticipated to quickly announce assist measures beneath the proposed ₹2,250 crore export promotion mission to assist insulate business from international commerce uncertainties arising from Trump tariffs, an official mentioned.
“We are in dialogue with exporters to see how we can support them best in different ways, like ease of doing business. We are looking at how to give a boost to domestic consumption. We are looking at new supply chains, which we can capture, new markets, and new products,” the official mentioned.
The mission may embody parts, akin to simple credit score schemes for MSME and e-commerce exporters, facilitation of abroad warehousing, and international branding initiatives to faucet rising export alternatives.
The authorities on February 1 introduced the establishing of the mission with an outlay of ₹2,250 crore.
The Directorate General of Foreign Trade (DGFT) has already made a presentation on the mission to the representatives of export promotion councils and different key stakeholders on April 30.
According to business officers, the mission is split into two broad classes – Providing Trade Finance Support (NIRYAT PROTSAHAN) and Driving International Holistic Market Access (NIRYAT DISHA) Initiative.
Sources have earlier acknowledged that the GST Council is prone to meet quickly to debate charge simplification and rationalisation, and the way forward for the compensation cess. It will assist increase home consumption.
The commerce ministry, up to now few days, held a sequence of stakeholder conferences to grasp the challenges which they’re dealing with as a result of excessive U.S. tariffs on Indian items. US President Donald Trump has introduced 50% tariffs on India.
Sectors like textiles, chemical substances, leather-based and footwear are anticipated to be hit laborious by these duties.
India’s exports remained flat at $35.14 billion in June as a result of international financial uncertainties, whereas the commerce deficit narrowed to a four-month low of $18.78 billion throughout the month.
Key export sectors, together with petroleum, materials, gems and jewelry, leather-based, iron ore, oil seeds, cashew, spices, tobacco, and low, recorded detrimental progress throughout June.
During April-June 2025-26, exports elevated 1.92% to $112.17 billion, whereas imports rose 4.24percentnt to $179.44 billion.
