New Export Promotion Mission:
The Government of India is preparing to launch a ₹2,250 crore Export Promotion Mission to safeguard Indian industries from global trade shocks, including recent US tariff hikes.
- A comprehensive government initiative to enhance India’s export resilience by providing financial support, market diversification, and global branding opportunities for Indian industries, particularly MSMEs.
- Announced in the Union Budget on 1 February 2025 with an outlay of ₹2,250 crore.
- Directorate General of Foreign Trade (DGFT) presented the mission to export councils.
- Developed in response to high US tariffs (50%) on Indian goods, impacting sectors like textiles, chemicals, leather, and footwear.
- Nodal Ministry: Ministry of Commerce and Industry, Government of India.
