Friday marked a milestone for India’s export ecosystem as Minister Piyush Goyal launched seven pivotal interventions under the Export Promotion Mission, empowering MSMEs to thrive internationally.
Aimed at dismantling major exporter challenges, these efforts promote expansive, equitable growth and solidify India’s export prowess worldwide. With poise, India engages developed nations, shielding key sectors while advancing in dynamic ones, Goyal noted, vowing trade gains for all small enterprises and startups.
Central to the mission: nurturing new offerings, exporters, and markets. February’s first half delivered double-digit merchandise export rises, evidencing confidence and engagement.
Reforms streamline MSME journeys with easier processes, better credit, superior quality controls, global rule navigation, and logistics expansion. Dubai’s ‘India Mart’ warehouse paves premium paths to GCC, African, Central Asian, and European arenas.
Digitally integrated, it fuses ‘Niryat Protsahan’ aid and ‘Niryat Darshak’ guidance, orchestrated by Commerce with MSME, Finance inputs, EXIM, CGTMSE, NCGTC, banks, missions abroad, and trade groups.
Confronting systemic pains—high costs, finance limits, compliance tangles, supply disruptions, entry frictions—these address roots. Nine FTAs, featuring the US bilateral first phase, connect India to 70% global GDP and vast trade volumes in 38 economies, prioritizing sectoral access.