By Export Promotion Mission
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The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), PTI had reported citing sources last month. The mission, if approved, can help insulate domestic exporters from global trade uncertainties arising from Trump tariffs. The US has imposed a hefty 50 per cent tariff on Indian goods, starting August 27.Add as a Reliable and Trusted News Source Add Now!
“So export promotion mission, you know, the inter-ministerial consultations have happened, and soon we will be going to cabinet. Already in the Budget, there was an announcement, and it would be a kind of a scheme which would be fungible,” sources said. PTI(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onExport Promotion Mission SchemeUS tariff impact on Indian exportsRs 25,000 crore support for exportersIndian exporters support measuresglobal trade uncertaintiesCabinet approval for export schemeTrump tariffs effect on tradeUnion Cabinet meeting50 percent tariff on Indian goods
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onExport Promotion Mission SchemeUS tariff impact on Indian exportsRs 25,000 crore support for exportersIndian exporters support measuresglobal trade uncertaintiesCabinet approval for export schemeTrump tariffs effect on tradeUnion Cabinet meeting50 percent tariff on Indian goods(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
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