🚀 Commerce Department Pushes for Swift Export Promotion Mission Amid Global Trade Uncertainty
By Author | April 20, 2025
Category: India’s Exports | Export Promotion Scheme | MSME Export Support
🌐 Exports Stagnant Amid Global Trade Shifts
India’s goods exports remained stagnant at $437.4 billion in FY 2025, with global uncertainty and President Donald Trump’s reciprocal tariffs disrupting trade flows.
In response, the Commerce Department is fast-tracking the launch of the Export Promotion Mission 2025, aimed at boosting India’s global competitiveness—especially for MSMEs and emerging exporters.
🛠️ A 5-Year Export Roadmap in the Works
The Commerce Ministry has proposed a five-year term for the new mission. This approach will provide policy stability, consistent financial support, and long-term growth benefits for exporters.
“Continuity in export schemes is critical for building resilience in the sector,” said a senior official.
Key proposals awaiting EFC approval:
- Revival of the Interest Equalisation Scheme (IES)
- Boost to factoring services for small exporters
- Expanded support for new exporters, products, and markets
- MSME reforms such as collateral-free credit
👩💼 MSMEs at the Center of the Strategy
Exporters are urging quick implementation—especially after the Interest Equalisation Scheme ended in Dec 2024.
Under the new plan, exporters expect a 5% interest subvention, up from 3%, to remain globally competitive.
“It’s not a subsidy—it levels the playing field,” said an official. “The EFC will review global benchmarks before finalizing.”
MSMEs continue to struggle with limited credit access, even with confirmed export orders. The mission aims to change that through financial facilitation and ease-of-credit mechanisms.
🌍 Market Access Initiative (MAI) Integration
The mission will also include the Market Access Initiative (MAI) to help exporters explore new geographies and strengthen positions in existing markets.
“The mission is flexible and can adapt to support key markets or products,” the official added.
With growing trade uncertainty, early execution of the mission is crucial to stabilize exports, reduce reliance on bank financing, and empower Indian exporters in a shifting global order.
📌 Key Highlights:
✅ FY25 exports flat at $437.4 billion
✅ Five-year Export Promotion Mission proposed
✅ Interest Equalisation Scheme revival likely with 5% support
✅ MSMEs to receive credit access without collateral
✅ MAI scheme to expand global reach
