Guidelines for Rs 25,060 cr. Export Promotion Mission soon: Commerce Secy

The Commerce Ministry has begun preparing detailed guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) and will start releasing them before the end of November, said Mr Rajesh Agrawal, Commerce Secretary. The government approved the six-year mission on November 12 for implementation from 2025-26, aiming to help exporters navigate global tariff shocks, including the 50% duties imposed by the US. Mr Agrawal said multiple sub-committees were already working on the fine print of the two components of the mission - Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore). The mission will prioritise support for sectors that have taken a direct hit from the recent tariff escalations, including textiles, leather, gems and jewellery, engineering goods, and marine products. 

The Ministry has described the EPM as a shift from fragmented schemes to a single outcome-driven mechanism capable of responding quickly to global trade disruptions, as per a report.

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