In what could give significant relief to exporters, the government is readying the proposed Export Promotion Mission, which could be approved by the Union Cabinet later this month. According to sources, the proposed scheme, which is aimed at giving incentives and support to exporters, is aimed at a holistic five-year period. Advertisement

A particular focus of the proposed scheme would be small and medium exporters and providing easier access to funding as well as avenues for market diversification, sources explained. Some impact of recent measures for product and market diversification is already evident in the growth in exports, and this will continue in the scheme as well.

Rather than just providing fiscal sops, which also raise concerns around WTO compliance, the focus will be more

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