The Union Cabinet on November 12 approved the Export Promotion Mission (EPM) with a total outlay of Rs 25,060 crore for six years starting this fiscal, aimed at boosting India’s export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors, Union Minister Ashwini Vaishnaw said.

Under EPM, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems & jewellery, engineering goods, and marine products. The interventions will help sustain export orders, protect jobs, and support diversification into new geographies, the government said in a statement.

The Mission comes at a time when the US has imposed steep 50 percent tariffs on most Indian exports, effective from August 27.

First announced

See Full Page