India Launches 25,000 Crore Export Promotion Mission

To combat global trade pressures such as the recent US tariff increase to 50 per cent on Indian goods, the Government of India will launch 25,000 crore Export Promotion Mission (EPM) to be rolled out by 2025-2031, associated to increase exports and cushion businesses against global trade challenges.

Objectives

The mission announced in the 2025-26 Union Budget aims to:
 

• Provide easier access to credit for exporters, especially MSMEs
• Strengthen export quality, branding, and logistics
• Expand into other markets to decrease the reliance on the US.

Structure

The EPM will be operated in two sub-schemes:

• Niryat Protsahan (10,000+ crore): Alternative trade financing, interest equalization, credit card for exporters engaged in e-commerce, and financial help.

• Niryat Disha (14,500+ crore): capacity growth, storage, logistics, international market expansion, and quality compliance.

Implementation

The mission unites various stakeholders, which include:
 

• Ministry of MSME, Department of Commerce, and Ministry of Finance

• Exim Bank, ECGC, CGTMSE, NCGTC

• State governments, industrial associations, commodities boards, and export promotion councils.

Response to US Tariffs

The government is expediting the implementation of EPM to deal with liquidity challenges that arise with increased tariffs on textiles, chemicals, leather and footwear. Inter-ministerial consultations have been conducted with the representatives of the industry to finalize the support measures by Finance Minister Nirmala Sitharaman.

Market Diversification

India has intentions to increase its exports to 40 countries such as Australia, Japan, Canada, Germany, the UK, and the UAE and present itself as a stable provider of sustainable products.

Trade Performance
 

• July 2025 exports: USD 37.24 billion (+7.29%)

• Trade deficit: USD 27.35 billion (eight-month high)

• Apr-Jul 2025 exports: USD 149.2 billion (+3.07%)

• Imports: USD 244.01 billion (+5.36%)

Outlook

Export Promotion Mission is predicted to boost the resilience of the export, capacity of the supply chain and competitiveness globally such that as the external pressures in the trade impact on the economy, the growth will be guaranteed in the long term.